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I believe in stoxmagic's posts also, so there's at least two of us. We shall see shortly.
Stox, what happened today? I hope when you said hours, you meant 24+. Still hoping here.
I'm impressed with him. Good post stoxmagic!
Haven't heard from stoxmagic in a while. I wonder if his position has changed and what his take on the lawsuit is?
I agree, I just don't get it.
Thanks lex!
I agree dalessan. How does anyone know anything really until its revealed by the company or the SEC. All of these "physic" posters don't truly know anything. It's just all speculation not worth reading.
Every Walgreens and CVS stores I have been in here in St. Petersburg, Florida have the sponges in the "As seen on TV section". I was at a CVS store yesterday and they had several.
I'm with you VEROGREEN. I don't think it's over.
GLTY
Read this post by stoxmagic again. I think things are not what they seem either;
Posted by: stoxmagic Date: Tuesday, September 29, 2009 9:30:44 PM
In reply to: None Post # of 230805
Thank you, once again, to all.
Calm, sensible, rational discussion winning the day. Our having long said that, together, we win. And indeed. Many agile minds working as one. Getting the job done. Painting an accurate picture.
There being no need of devolving to gutter level. Of name-calling. Of vulgarity. The unfortunate infantile rest of it.
It's been a tough row to hoe for sure. Criminal activities coming to the fore as of the mid-June area. The faithful longs having stood fast. Having presented a formidable opposing front. Justifiably in support of one's own investing/trading interest. It being simply unfortunate that there are those among us investing/trading with emotions in tow. Posting accordingly. Others victimized courtesy of their own mindless greed. Posting accordingly. Unfortunate for all involved.
The flighty world of equities being always a risk/reward call. Never any guarantees provided. A matter of performing the almost always (momentum plays being the lone exception) necessary due diligence. Proceeding accordingly. With our having made the right call on this one. America's Cleaning Company. Caliber of management being the always key. And we've been aware from the get-go of the criminal activities. Having heard, last year, about the initial appeal to the inside for a massive position at a steep discount to market level. The first brazen attempt to 'legitimize' the goings-on. A little something that told us that the phantom float perpetrators see no escape.
And, so, were we remiss in not considering that the June ugliness would emerge? That there would come the drafting, and successful execution, of a plan to halt and reverse the run-up? Criminals preventing financial disaster for themselves?
Even at the point of our interim High of $0.2851 we're talking gross undervaluation. And, so, small wonder that our post-capitulation High of $0.2260 eventually emerged.
And here we now are. Massively grossly undervalued once again with the fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.
And over the lies and deceit/distortion period we called on the inside to step up to the plate. To set the record straight. Little knowing that said inside was fully advantaging the goings-on at market level. Personally loading up and otherwise proceeding with company buyback implementation. Having recently stepped up to the plate. Setting the record straight. The point at which the favorable share structure adjustments were complete enough to expose the phantom float to the degree desired/necessary. Apprising all of the DTCC, FINRA and the SEC. An investigation understandably launched. Thereafter formalized. For reasons to hugely smile about. Criminals, indeed, the target. Parties spewing no end of lies and deceit/distortion. Ongoing attempt at preventing financial disaster for themselves.
The fact of the re-audits situation having opened wide a window of opportunity for said criminals to ramp up the FUD routine. To scare the innocent into bailing. With, now, cooler heads prevailing. Emotions, thankfully, largely sidelined. All involved starting to see the light. Being on the same page soon enough. The fact of the investigation focus being other than that which criminals would have folks in general believe. Said focus being those very criminals. An understandable campaign to see ill-gotten gain disgorged in full. The SEC being now run, courtesy of a clear-thinking White House, by an individual determined to do right by the agency's own primary mandate of protecting the little guy/gal. Seeing to it that retail investors/traders aren't robbed blind by a few hundred folks on Wall Street and their cohorts.
And no. We can't say just and exactly what will come in the end in the way of actual enforcement considerations. Actual disgorgement. So on. But at the very least we'll be talking about a playing field far more level than that which is the current reality. It being only logical to consider that, over time, the inside has had company legal amassing a telling database. Prepared to provide the SEC a necessary launch point. And we certainly know where it all began i.e., blogged nonsense.
And recalling…
(June 14)
--------------------
And while the Friday bit of business is definitely getting beaten to death at this point -- no end of erroneous viewpoints/opinions on the subject -- we'll cement the reality one last(?) time. Just what it was precipitated the goings-on. And…
[ Noting the date and time of the 'article'… (Thursday) June 11th, 2009 at 2:03 am Posted by The Dean ]
http://collegestock.com/blog/penny-stock-failures-bad-management-on-wall-street-spng/
The FUD posting routine getting seriously underway thereafter. The first of which, seen by yours truly, being...
"Big dump coming!!!"
"SEC investigation!!!"
Friday's activity having nothing to do with MM inventory circumstance. There being no shortage of volatility/profit-taking during the run-up. Plenty of inventory. And no MM('s) would go seriously short in the absence of the obvious coming down-side. Obvious trend reversal. Order flow change.
--------------------
And SEC investigation indeed.
And too funny?
Prescience?
Criminals having authored their own demise.
One's own words coming back to haunt one.
The referenced guilty, on more than one occasion, having contacted the inside. Seeking as they did. Laughed at and dismissed. The investigation initiated for far from flippant reasons. The inside seeking serious full redress. Disgorgement of ill-gotten gain in full and more. Steadfastly determined from the get-go to not allow criminals to walk free. All the richer.
And, so, just as with our mid-July post-capitulation run-up we're, once again, headed steadfastly north. Only this time harking back to June. The degree of session-over-session gains we can expect as folks, more and more, find themselves on the same page. Seeing the light. The actual investigation focus.
America's Cleaning Company
Caliber of management.
Getting the job done.
The bringing of value.
The seriously tangible variety.
Seeing to it that a permanent end to being grossly undervalued is the reality. Market level reflecting as it should. In line with fitting valuation at the very least. The fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.
Nowhere to go but up.
The whole of it having taken a while for sure. Getting back to where we left off in June. The picture as it should be. In the absence of a flood of lies and deceit/distortion. Rampant criminal behaviors.
A need of understanding that the whole of it hinged upon the ongoing favorable share structure adjustments being completed. Largely completed. Enough to expose the phantom float to the degree desired/necessary.
And hugely interesting it will be to discover just which individuals, and entities otherwise, have been directly involved in creating, and maintaining as hidden, our phantom float 'friend'. The ugly rest of it.
Many of those innocently caught up in the criminal goings-on standing ready with their own noose.
And understandably so.
Holding tight indeed.
And regards to all.
Here is the direct link to the lawsuit against STI;
http://www.schwimmerlegal.com/2009/10/spongetech_wort.html
Who is STI's CEO? Was he quoted in the Post?
If the 10K is submitted and the contents are good, then this will definitely go higher no matter what you hear to the contrary, IMO.
They may not have been filed, but I believe they were submitted. They were then told they to have it re-audited due to the old accounting firms problems before they can be re-submitted and then filed.
I'm still holding also. The downside at this point is very little compared to the huge potential if the undermining crowd are not being truthful. They don't seem to have any proof of what they say, just conjecture and hypothesis.
Hint, UBSS gone.
I haven't lost anything yet, I am still up since I bought under a penny :) Thanks for the link, I feel better already!
Stoxmagic, where are you? HELP!
This management team is really treating the shareholders like S@#$. Where are the September sales numbers? Why couldn't they post that already? I almost believe what others are saying that they are just trying to get cheaper shares from anybody, including us longs that have been trying to believe and trust them. I guess you really can't trust anybody these days.
Then why are you still wasting your time on it???
I have a black belt in Tae Kwon Do, does that help?
Yes it is a real company. There quality products are in many stores; CVS, Walgreens, Ace Hardware, Costco, Sears Canada, etc. Most of what you hear is just false, unsubstantiated rumours from some bashers who work for short sellers.
The day is not over yet. It takes time for the accountants to review the financials. It usually takes our company a few days before they release the prior months sales.
Hopefully. I'll settle for September sales tomorrow, followed by the 10K on Friday :)
I've seen them at CVS, Walgreens and Ace Hardware here in Florida.
Good NITE!
The blog doesn't seem to be there any longer.
http://collegestock.com/blog/penny-stock-failures-bad-management-on-wall-street-spng/
Wow!!! Another excellent post. Thanks stoxmagic!
Great post as always stoxmagic!
For those that missed it;
Thank you to all.
Susan...
Thank you.
The Form 8-A12G being an obligatory filing. In line with company registration as a fully reporting entity. The relevant sections and subsections of the Securities Exchange Act of 1934.
The details found here…
http://www.law.uc.edu/CCL/34Act/sec12.html
The referenced filing being all-encompassing in terms of 'Exhibits' courtesy of not all prior successful petitions to the relevant SoS being accompanied by a Form 8-K filing.
All called-for detail being now duly registered with the SEC.
And there are, as always, going to be those parties ranting and raving manically about raw share structure numbers telling the story. And with that said we'll recall the Flickr bit of stupidity.
No more needing to be said.
Waiting for the coming fiscal '09 financials.
Very soon to arrive.
Naked…
Thank you.
With a need of bearing in mind that it's company legal calling the shots. Proceeding as called for. The relevant SEC legal team proceeding in line with formal investigation SOP (standard operating procedure).
There are always going to be those, reading into the overall proceedings, that which suits personal agenda. Never any different.
General power of subpoena being what it is. Necessitated (outside of the aforementioned) by the fact of the targeted parties not likely to much be cooperative in view of egregious violative behaviors on their collective part.
There being a massive phantom float in existence and it didn't create itself. Nor is it hiding itself. And the true nature of the involved guilty has been more than clearly defined by the ongoing lies and deceit/distortion campaign waged from the mid-June period on.
With there being many among us wholly misguided in the overall. Unable to get past the trees to the forest. Parties soon getting with the program. The fiscal '09 financials on the way. The continued setting of the record straight additionally. Industrial strength PR's.
And recalling our June High of $0.2851. Followed by our mid-July Low of $0.0785. Followed by our climb back to $0.2260. And now our latest Low of $0.0520.
A massive buy-side opportunity.
Golden such.
For, that is, those able to get past the trees to the forest.
Dalessan…
A need of bearing in mind that the current overall situation amounts to a massive window of opportunity for the phantom float guilty to precipitate that which they seek to precipitate. From the issuing company itself to market level. And the best they could do was our latest Low of $0.0520. A great many of the clear-thinking among us having taken advantage as talked about. A golden opportunity to load up at lowest possible cost. The fiscal '09 financials to soon arrive. Filed and posted for all and sundry to smilingly peruse. The continuation of the setting of the record straight additionally.
And recalling…
"The coming financials being filed and posted equating to the point at which folks, in general, do see the reality. The overall. America's Cleaning Company. Ceasing and desisting, finally, with the buying into utter nonsense routine."
And shared with the board recently…
"When the re-audited schedule 10-K will be released within few days, it will officially state and shed more lights on SPNGE.OB "the company" financial achievements."
[ financial achievements ]
And indeed.
A simple matter of following the bouncing ball. The fact that the inside initiated the investigation. And does such not make sense given the massive ongoing onslaught of lies and deceit/distortion? The unrelenting campaign to undermine all?
Many among us having blinded themselves to the truth.
The rest of us continuing to hold tight. Possessing the necessary insight. Having followed the bouncing ball.
The phantom float guilty being now targeted in the best way possible. And we talked about how the inside was planning to set things in motion. About the August/September timeframe. About the favorable share structure adjustments. The NOBO/OBO detail, etc. and exposing the phantom float. That which has been done. The detail forwarded to the SEC as talked about. An informal investigation launched. Now a formal investigation. General power of subpoena at hand.
The inside proceeding as was outlined. A need of waiting for the favorable share structure adjustments to complete. To largely complete. The Issued and Outstanding count at the appropriate level.
Folks being entirely at liberty to fool themselves all they care to. To blind themselves to the truth. But such doesn't alter reality. The fact that the inside initiated the investigation. Planned long ago as long talked about. Getting the detail out to all of the DTCC, FINRA and the SEC.
The targeting of the phantom float guilty.
The seeking of disgorgement of ill-gotten gain in full.
Those of us having advantaged a golden buy-side opportunity having proceeded so for extremely sound reason. Reason becoming clear to all come the coming financials being filed and posted and the talked about PR's arriving.
It being simply unfortunate that not all involved possess the necessary insight to see what's actually going on. Unable to follow the bouncing ball.
And so be it.
A massive payday in the making being the reality. Market level headed steadfastly north from here on out. And seriously so as the relevant SEC task force gets on with getting on. General power of subpoena at hand.
Fun, as much as profit.
The phantom float guilty having approached the inside as we know. Seeking as they did. With, now, said inside having answered same in finality.
Via the appropriate regulatory agency.
As plain and simple as one can make it.
Holding tight.
Damn tight!
And all the best to you and all others.
Wrong, my daughter saw the Spongebob commercial during the iCarly show just a couple of days ago.
I also went to the site, www.timothysykes.com, and could not find anything on Spongetech! Hmmm! I even did a search and nothing.
I agree, some wierd moves. Why would they raise the A/S to 3 billion +???
"I still think the PR earlier in the day was published as to hint to the meaning in the 8k. "
Please explain Soapy.
What does this tell you?
Something's up with Sykes.
Didn't the investigation start the same day, or shortly after, the NY post article was first published? Could it be that they are looking to see if there is any truth to it?