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This is all very interesting, to come out with this R/S before the 10k, and to have a CUSIP change with the RS. If there is a NSS wont the changing the CUSIP number force them to cover before the RS? What happens if the NSS dont cover before the CUSIP change?
I think it also has to do with economies of scale. We are selling way more now then when they first came out. This allows us to reduces the cost of manufacturing and pass the savings on to the customer.
Drew, what do you mean by "immediately proceeding K"? Are you expecting this in the Q, or PR/8k before the next Q?
Where can i find this information? Do you have a link?
I think the only logical explanation is AYME is SPNG. Why else would they support the bid like they have been doing? If it was the shorts trying to cover, we know they would like the bid fall and cover cheaper. If it was someone buying the company they would want to pay less for shares if they could.
I dont think it is shorty, 99% of shorts are in the red right now. If it was the shorts they would let the price fall before they started trying to cover...
"99% of all shares shorted in SPNG are now out-of-the-money."
http://finance.yahoo.com/news/SpongeTech-Delivery-Systems-bw-2368742252.html?x=0
Z i thought about that, but i figured they would still be included in the 90 days because normal Saturdays and Sundays count, as long as it is not the end day.
So when is it going to come out?
Jim,
Did you add the 382,000 from institutional holders?
http://www.nasdaq.com/asp/holdings.asp?symbol=SPNG&selected=SPNG&FormType=Institutional
This is crazy, an all out brawl over .2
I do not want a call. Could you imagine? It would be chaos, all the immaturity on this board alone, that call would be a disaster.
Bob2010, you missed it, the 10k came out and is now gone, you should have asked the board more often if it was out yet....
I think it is going to come out on Saturday. That is the day it is due, is there anything stopping them from releasing it over the weekend?
That is why i am hoping to see the 10k drop Thursday or Friday, to keep that from happening.
Yeah Clay we all want to hear about how SPNG went to the beach to show off! Just like back in the old days
I think short term gains are taxed at your income bracket up to 35%. But they are counted as income so it can take you up a bracket, which is what will happen on the MOASS
Correct closing at a new HOD with another Hammer Candle would be nice. However as long as we can stay above .16 with this volume, it looks like this is the break out we have been waiting for, with hopefully more to come the rest of the week. Fidelity automated TA has this price target at .20 - .22
I am showing support at .1575 Onward and Upward! Go $SPNG!
hahaha nice. I suppose all these so called 'problems' between SPNG and R&H were sent to you in an email in which the sender asked to remain nameless so you cant provide any proof of them?
I agree, this could be the break out we have been looking for, lets keep it going the rest of the week
I think you need to look at the chart of $SPNG Notice where we opened where we are currently, and use http://dictionary.reference.com/ to look up the definition of dropping. I think you will be surprised
Been away all morning, this is great news!!! Go $SPNG !!
wow that is a lot of words....
What are some of the other possibilities, that would cause REG SHO for 19 days?
I think it is pretty obvious there is a large NSS position. Paraphrasing another poster (sorry did not mark the post, and cant find it) 'volume has been over 30 million for 19 days and they still can not cover enough FTDs to get off reg sho'
That proves that the FTD situation is far greater then just a few legal shorts
I think you meant to say, if the price continues down next week, it will be time to load the boat before the 10k
I do use Fidelity but for some reason my cash has to clear before they will let me make online trades, probably because i do not have a large amount of assets in that account (or any account really). I could call them and use the 'unsettled cash' for a trade over the phone but then they charge me the $40+ 'broker assisted trade' fee.
Sorry do not have PM anymore, was on the 2 week free trail when we talked before.
OneRichSOB wrote:
"Cant you trade with funds the same day you initiate the trade? At Fidelity I can tell Fidelity to go grab 1000 from my checking and I can use that 1000 to buy immediately even though they do not have the money yet"
Honestly i am hoping the cheap shares last at least one more day, transferred some more cash into my account this week, and it clears on Monday.
Here is the list from Aug 13. As you can see you can be on there quite some time, max i see is 149 days:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avrRQKFRrZRY:
# of Consecutive
Ticker Security Name Days on List
===============================================================
AAXJ ISHARES MSCI ALL COUNTRY ASIA 73
ACWI ISHARES MSCI ACWI INDEX FUND 5
AGIBY ANGLO IRISH BANK CORP PLC ADR 23
AMAR AMARILLO BIOSCIENCES 5
APWR A-POWER ENERGY GENERATION SYST 1
BEHL Biocentric Energy Holdings, In 5
CCTR China Crescent Enterprises, In 22
CGYNQ CAPCO ENERGY INC NEW 149
CIBEY COMMERCIAL INTERNATIONAL BK LT 34
CLST CELSIA TECHNOLOGIES, INC. NEW 5
CSKH CLEAR SKIES SOLAR INC COMMON S 21
DGIF DIGITAL INFO SEC CO (DE) 1
DGLP DigitalPost Interactive, Inc. 7
ECIFY Electricite de France SA Unspo 2
ELTK ELTEK LTD 4
FMDAY FUTUREMEDIA PUBLIC LIMITED CO 7
GSCB GREATER SACRAMENTO BANCORP 2
HBMFF HUDBAY MINERALS INC 11
IMED IMEDIA ITNERNATIONAL INC NEW 1
KATX KAT Exploration Inc Common Sto 1
LDIFF LANDDRILL INTERNATIONAL INC OR 10
PALAF PALADIN ENERGY LTD ORD SHS (AU 9
QTEC FIRST TRUST NASDAQ 100 TECHNOL 3
RYCEY ROLLS ROYCE GROUP PLC SPONS AD 4
SGAS Sino Gas International Holding 1
SPNG Spongetech Delivery Systems, I 15
TBLMY Tiger Brands Ltd Sponsored ADR 5
TKGBY TURKIYE GRTI BK SPN ADR 6
VETSW PET DRX CORPORATION WTS 3/17/2 2
WATG Wonder Auto Technology, Inc. C 8
XNOM XENOMICS INC. 20
Just wanted to plot it on my GPS, mostly just for fun...
Bull if you have a GPS can you grab the coordinates for me?
Thanks,
-Tiger
I think a stock dividend would be great, would really hurt the shorts. Say the float is 200 million and there are 1.2 billion 'air shares' a 1 stock dividend per share would put the float at 400 but would force the NSS to now cover 2.4 billion shares.
Float 200m to cover 1.2 billion
or
Float 400m to cover 2.4 billion
SpongeTech® Delivery Systems, Inc. Expands its Marketing and Sales Campaign Towards the Government and Military Sector
BY Business Wire
— 12:00 PM ET 08/20/2009
NEW YORK--(BUSINESS WIRE)-- SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG) today announced that the Company has signed an agreement with Leading Points Corporation to market and sell SpongeTechs’ products to various government and military agencies. The Company will expand its marketing initiative to utilize key military e-commerce sites aimed at gaining traction with a military demographic consisting of 34 million members; members include active duty personnel, reservists, guard members, retirees, and veterans. Leading Points will further assist the Company in developing a marketing and sales strategy for the military and government sector as well as developing key licensing partnerships such as the Green Bridge Industries production, marketing and distribution of SpongeTech Stain Remover Pens.
Founded and led by Lieutenant Colonel Kevin Sullivan U.S. Army (Retired), Leading Points' concept involves drawing on established relationships and continuously building new ones among buyers and management of the military and the government. They are considered the experts in matters of securing placement of their clients' products in the military exchange store distribution channel as well as special promotions to the military community. The company is headquartered in Centennial, Colorado. For more information on Leading Points Corporation: www.leadingpoints.com.
"I look forward to working with SpongeTech in marketing their products among the military and government sectors, both billion dollar markets. I believe SpongeTechs’ products will capture the attention and interest among millions of Americans within these sectors," stated Kevin Sullivan, President of Leading Points Corporation.
"Working with Leading Points provides the Company with an important opportunity to tap into two huge markets, the government and the military. We believe that our products could be quite useful for active duty personnel as well as provide their family members with a variety of our innovative products to used at home,” commented SpongeTech’s COO, Steven Moskowitz. “We believe this will be a successful venture and we look forward to the expansion of our distribution channel."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com.
About SpongeTech® Delivery Systems, Inc.
SpongeTech® Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech® is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge™ .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Source: SpongeTech® Delivery Systems, Inc.
The bell hop took the extra dollar. About a year ago he ran a hedge fund until he decided he could make bigger returns selling air shares of some little company no one had ever heard of. He got greedy and refused to cover until one day all the shares were accounted and he was forced to cover. That once little company that no one had heard of turned out to be America's Cleaning Company. Now he is broke, excommunicated from the financial systems and severely in debt to his broker dealer. To him that extra dollar means a lot.
Proof or just another one of your opinionated statements?
"Obviously they didnt like the fact that the information was made public." ?
z4 i agree. People say it is taking them too long to force these NSS to cover. However i say they should take as long as they want. As long as the PPS is this low the company can buy back more increasing the strength of the MOASS
Low Volume = Low Float eom
I disagree, i think they were forced to pay for promos to keep the stock afloat due to dilution by the NSS. The NSS have cost SPNG a great deal of pain and money. It is only a matter of time until revenge is executed. MOASS here we come!
Is this what you are looking for?
Dicon Technologies
1001 Oracal Parkway, Black Creek, GA - (912) 653-3897
Great post, was reading the first link and found this very interesting:
"In a press release, Ginsberg also noted that the ease of exporting because of the park's proximity to the Georgia Ports and to Dow Chemical, which is a strategic partner of Dicon, gives the company "great confidence that Georgia is the right location to make the technology-driven, advanced products the health industry demands."