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Today is a good day for 10K!!!
The stock went down today because no one posted that the 10K was coming out today! Hey what happened the GORT and his daily 10K prediction? Looks like the pump is out of air.
I recommend you report the income in Mexican Pesos and the expenses in US Dollars. That should super charge the 10K LOL...
"Death by a thousand cuts.... " SPNG now has a medical sponge that can help with that LOL! Managment is going to pass out the medical sponges to all the shareholders that they burnt!
Agreed. My point is that the IRS does not putz around like the SEC. They make sure the pound of flesh is paid. Although in EESO's case it is unlikely that they generated corporate net income more like net operating losses.
LOL.. sometimes it hard to tell...
They should have filed their 2008 tax returns - unlike the SEC; the IRS will shut you down pretty if you don't report.
QUESTION FOR THE BOARD! Can SPNG shareholders under the Freedom Information Act obtain copies of SPNG's corporate income tax returns (2007, 2008 and maybe, if filed, 2009)IRS Form 1120? I don't think you can but I really don't know. Since they have not issued any financial statements to its shareholders I wonder if a case can be made to have the governement release that info (just one of my many wild ass thoughts)
Do you think he can pass along a copy of EESO's corporate tax returns (Form 1120) for either 2008 or 2009? The tax losses could have some value to new management.
So is Smurph still working for EESO and if so is he working out of his home? Looks like working from home is the new EESO business model. Virtual office along with virtual financial statments, virtual....etc...
Management might as well pass out the "softer burn sponge" to all the shareholders that they have burnt!!
"It just seems everthing SPNG touches, turns to crap. Our buddy Wayne, D&T, the Audit Committee, website Guy, Mets, Yankees, Knicks, CBS, Gaints, SEC, the SEC investigators, 10K release dates, promises about "it's coming real soon shareholders.", and just everything in general"
I couldn't agree with you more. I sold today - breaking even at .0425! This was my way of telling the Mutt brothers YOUR FIRED! I really can't complain; did very well trading SPNG in 2009. However, for me what is most upsetting was the all wasted opportunity provided by management. Good Luck to everyone - I will take another look at SPNG should the 10K ever come out or change of management!
so what happened to Smurph?
Hey - maybe management can pass out the new medical sponges to all the shareholders that they have burnt!
Agreed. At this point the only PR that matters is the filing of the 10K. Without it there is NO basis on which to run projections and really assess any PRs. So we are left with the crazy range of Chapter 11 to its going to the moon. Given managements behaivor, "going to the moon" is unlikely. They should have issued the 10K then rolled out the PRs. The Mutt brothers must think people are stupid (they may be on to something because people are still buying shares).
Poopers - anyone that beleives that SPNG is not a really company etc.. doesn't have a clue! However, referring to the stock price, until the 10K comes out, believing the SPNG share price is a scam due to managements misrepresentations is a reasonable position. For example if I sell someone an oz. of gold for 3,000.00 because of some representation I made about the gold; the gold is still gold but I scamed them out of approximately 1,800.00 by having them beleive its worth much more than I know its worth. The 10K or lack there of will ultimatley determine who has the correct position. And the share price will react accordingly.
Other than you eating your words again - Did anything happen this week?
Thanks for the memories! All that comes to mind - Is what a Mickey Mouse Organization! would you partner with Jared? The Dude has no substance, lots of enetertainment value - its like watching Borat.
Its awesome that he takes shareholders out to lunch. That way you are guaranteed that your EESO investment will not be a total loss - hell you got "tax-free" lunch.
Typo - Its accounts receivables, not payables.
I think its fine that they are working to correct the filing issues and I hope they do ASAP. But no tickey or shirty - until the 10K is filed, seen and digested by the investment community shares will be "dead wood" IMO. At this point management actually needs to deliever - they get zero points for a PR saying that they intend to deliver. I would rather get surprised by the actual 10K, instead of a PR saying they working on it.
Well said!
Clearly something is not right in SPNG land!!!
"I wonder who the Pike Limited partners are????"
I think that is a great research question for this board! Could shed some light on what is going on behind the scene.
"The $3.50 sponge price was a little distrubing." IMO without the 10K you really don't know what is a distrubing price for the sponges. They could be selling at 10 bucks and generate a loss for SPNG because of overheads etc.. or they could be selling at one buck and generate huge profits for SPNG. Shareholders and investment analyst don't have a grasp on the cost structure due to lack of info from the company. What is really distrubing to me is no 10K to date!
revocation or not - that is amost not relavent. The stock is "dead wood" until management cleans up its act (no pun intended). Lets say, just for agruments sake, revocation is an impossiblity... does SPNG become a buying opportunity? The answer is NO! The basic fundamental have NOT changed. Which no 10K, no credible, audited, information from management todate. Stock remains "dead wood".
Hey everyone has their view and the money or lack thereof to support their view - my underlying point is that longs spend to much time defending the SPNG on this board, while management completely ignors the shareholders. There should line around the corner looking for Mosko ask him what the F#@K and get with the program. Where is the 10K? We can talk all we want but the share price utlimatley rest with management - not the pumpers, the bashers, not even Pike (they are, so far, along for the ride just like any other shareholder).
mem22 - unfortunately for us longs the results are an indication of the likely outcomes. No 10K to date, is completely unacceptable. Your are asking for proof, no 10K to date is proof for concern. If you get shot in the ass, do you need to see the bullet, no, the results speak for themselves. FYI - the mutt brothers have shot the SPNG shareholders in the ass.
You hit the send button alittle to soon its still Tuesday, at least in the US. Someone is going to eat their posting - Gortl doesn't have a good take record! LOL
Either that or everytime a shareholder drives up Smurph says "oh sh*t another shareholder, got to stop them before they reach the window and look in!" LOL.. From what I read about them here and the videos- at the very, very least what a bunch of weirdos!
I said the samething last year - and guess what? I am still waiting for the 2009. Please wake me up from my coma; when the accounts are issued (any accounts; any year).
1jk1 - you were doing really well until you said "It seems the company pretty much keeps up with there end of there bargain". Management has clearly not held their end! Without the 10K all other secondary information is meaningless (unless your big into wishfull thinking and invest on that basis). For example - what assets did they get with Dicon? what is the audited O/S? what is their cost of operations? do you have tax loss? Audited sales and G&A expenses? how much profit do you keep from each sponge? Footnote disclosures on law litigation.... and the list goes on and on. Without audit accounts YOU DON'T HAVE A STARTING POINT FOR THE FUTURE THAT EVERYONE CAN AGREE UPON. And without starting point everyone is inititled to their own story and ending (all thanks to management)
So does that mean we are going to see Jared in one of his famous videos!? LOL.. They should have Jared's assistant (the one with the big hooters) give the presentations -the stock may go up.
New Info! interesting read - Thanks for passing it along!
LOL! Did you have burst their bubble? What the hell, play along.
LOL! Excellent Post! very funny but very true.
LOL - Nice DD.
Did you say 10K!! Awesome - please wake me up from my coma when Mr. Bubbles decides to issue the audited accounts and come clean.