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What daily list? It is scheduled for tomorrow.
Nah, I don't think they are headed for Pinkies. And management has not created the doubts. You guys have created the doubts. Without complete knowledge of the events going on inside Spongetech offices people like to postulate that there is some grand conspiracy or deranged evil managers. Truth us they have been very vocal of their plans and they have even ired a top tier accounting form to get involved. There is doubts that management have created only a lack of complete understanding by certain people here.
I thought I heard that Bill Young was no longer IR? I thought they hire someone new?
I think it'll be out pretty soon.
Its almost like NITE and day the way the bashers have taken a valium today. Nothing like yesterday.
Good deal, somebody came to play!
Does anyone know the volume? TDA doesn't show volume of spnge
I hope it doesn't work that way.
Good post. I have been thinking along these lines for a while. I am sure we will have better days ahead too.
I remember reading that Drakeford was cited for an incident that happened back in 2004. It had nothing to do with Spongetech?
Wonder is Sykes is losing money right now. Probably played them short hoping when the article came out he would look like a stud!
Thank God there was no good news. Good news drives the price down, bad news sends it up.
Kind of hard to drop dollars when it is only trading pennies.
Will do! Not at all worried.
I don't think the RS is so bad. RS are bad when a company is circling the drain and they are trying to stave off a delisting. RS are not bad when a company is on a roll. Its just a lot of whining going on about it right now. Although 100-1 is quite large, I still think better days are ahead for SPNG.
Something weird happened by the way. I have an alert set for when the ask gets over .25. For some reason today that alert went off? Was there a mistake trade or something?
Good deal ... so all 7 of us are still in long and strong!!!! ;)
By the way I picked up another 50K at .10 today
I am thinking there is about 4 or 5 of us longs left here in spongeland. I am sure glad to be here. Its gonna make for a good payday down the road.
We are in good shape. Not at all worried. In fact I feel better today about things than I have since the beginning of the month. I picked up 50K more shares at .10 too.
SPNGE - SPNG not a big deal. CHGY also became a CHGYE back in July and it had no effect on the stock price. You are worrying about nothing here. Even if they become SPNGE they will file their 10K and it will go right back to SPNG. Find something meaningful to worry about like a reduction in sales or a net loss instead of a net income. This is not something to worry about.
Not gonna happen. Positiveness is rooted in positive developments. There are more positive developments in SPNG than negative ones. Sell if you fear the future and then move on. I am here to stay.
What PR Blunders? Just because PR's didn't come out when we wanted them to does not make for a blunder.
Unbelievable:
The Good
The company is an outperform on Reuters
Incredible growth in revenue
Incredible growth in Profits
Aggressive and effective advertising campaigns
40,000 retail locations
100,000 planned retail locations by EOY
Purchases patent holder outright for cash - no dilution
Planned uplist to NASDAQ
Company hires Deloitte & Touche to stand behind their numbers
These are things to be excited about
The Bad
Late filing of 10K because previous auditor was disqualified
Let's sell the farm and run for the hills. Most of you are very short term thinkers and are going to lose on some very solid missed opportunities. Now that is the Ugly
My opinion of course is
Long and Strong!
I have not seen a PR that it would be filed on time? I think the company is doing what it can to get this done and get it done right. Why is this the end of the world? It will get done and I believe those who are left standing will be rewarded.
Nor shall we listen today.
Speaking of FTD's. Isn't the second half of August FTD's due out today?
I thing the picture should say "I am going to stuff the %^&%&^ing 10K down your throat!"
Sure, I get that but the market moves on information. Information is the key to stock movements. Just because the company has not put forth a 10K on our timeline does not mean they are undermining our investment ... which in turn is their investment. I suspect management wants their investment to grow as well. We all like to assume here that because they have not given us information on our terms that somehow they are gonna leave us holding the bag. The company is solid on fundamentals and is a good speculative play. Why do we have to establish deadlines for them when we know so little about the actual goings on within. I share concerns about the 10K but I am not concerned with the timing. If it doesn't come then we have an issue. We also need to accept the fact that very good news could come out of their disclosures and it could benefit us greatly. Who cares if it today or tomorrow. Just my 2.4 cents.
Why a let down? It is due today. Can be anytime today. I do not understand why it is a letdown if it not out before the bell?
You are right ... it will be a black Tuesday for shorty!
Good point. But, D&T has to maintain independence. Usually when a company takes over another they usually do a due diligence effort and their own CPA firm usually gets involved. They don't however, become of the auditors of the target.
That said if there is a friendly acquisition happening, anything is possible I guess. Probably something more like lawyers telling them to get a "real" accounting firm to certify their results.
Heaven forbid, we impose fairness and accountability in our free markets!
Read the transcript here. Very good. But the one thing that strikes me the most, is there seems to be no method to account for the actual shares. There is no counting of the outstanding and no squeeze of the shorts. Many here in SPNG are counting on it. If the abuse continues, so will the precipitous decline in SPNG even after the uplist to NAZ. If there 2 Billion counterfeit shares, there will continue to be 2 Billion counterfeit shares. I am anxious to see how all this will play out.
AYME is just sitting there showing its teeth!
Looks like the power hour sponsored by AYME may be starting a little early today.
New SEC Filing
New SEC Filing
Very strong buyers here
Thanks alot SPNG. Now I have to stay at work until 4.