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Exactly Falcon. The rest is BS. It's not about waiting because it takes time to build a company. It's not about it taking time to rid a stock of NSS. It's all about waiting for Steve to be done playing his games. He does have a plan. Part of that plan included using the low stock price and volatility to the company's advantage and probably to his and his friends advantage as well.
The value is there. It's easily seen at this point. The stock price doesn't reflect it. Why? Because of all Steve's dishonesty up to this point and peoples' doubts about when he's going to stop playing. There's been dilution. It doesn't matter. Even if we were at 1.5B shares outstanding, the stock should be 10 cents. It's at 2 cents and Steve has the power to change that. He'll do it in his own time, and it has nothing to do with building results or having value recognized.
I think that's BS Carpe - the part about it being "hard to stop". That may have been the issue last year, but it could have been stopped this week. It could have been stopped last week. A few weeks ago, I said it would be a lot easier to take if they would just get it up into the 2 cents range. I got my wish, and now I need to be happy with it. I am. This is much better than it was. I'm green, and I'm much more willing to wait while Steve plays his games. He's got the power to stop it now. He has a reason for waiting. I'm green. I'll wait.
I'm going to look back and say I'm glad I was in, but I should have done a heck of a lot more flipping.
I think if Oldtymer was able to get around the system and get the O/S, the NSS probably have methods to get that number whenever they want.
I think it's gagged to keep shareholders from getting uptight, and Steve has been holding back on retiring the shares to make the NSS believe the O/S number is much higher than it really is.
Or maybe he's just diluting and playing with the shares and doesn't want us to know.
Prediction
The 10Q will have 7.5 Billion shares outstanding.
That will justify the market price.
It looks to me like someone's trying to push it down, and someone else is saying, "You're not going to play that game today".
Probably won't last though.
The 15th is a Jewish holiday and Steve won't be available. I think they will release sooner.
I remember saying that 5 months ago when Spongebob and Viacom were initially announced...and almost every positive news release since then...
.026 has moved out of the way
You came in at a very good time. They haven't announced their first shipment of Viacom products including Spongebob. Here are some details for you (there's much debate about what to believe, I'm sharing what the company says):
Current outstanding shares - 700M
RME Shares - 480M
Total Common outstanding shares - 220M
The RME shares were essentially a loan to Spongetech and can be purchased back by Spongetech at the original agreed loan price. These can be treated as debt. They can not be sold on the open market. Spongetech has announced their intent to buy these back along with an additional common share buyback of 25M which could potentially leave us at 195M shares outstanding.
The last time the company communicated a forecast for the upcoming year, they projected 70M in revenue. They have been delivering 20% earnings, but I believe this should be reduced since some of their expenses over the past year have been covered by shares. I would assume 10% earnings - my opinion.
Last month they received 13M in orders. Last week they received almost 3M orders. This is without Spongebob. Think about these numbers and decide if you think they will increase their revenue forecast for the upcoming year.
The point of the PR yesterday was to confirm that they're continuing at the same order rate they achieved last month. If people thought the 13M last month was a one-time blip, this shows that it may be a sustainable level.
You know, I really despise the hypocrisy of Americanbulls.com. I knew they would be confirming a sell yesterday on SPNG. I definitely do not agree, but that's not what gets me. It's their value tracking showing that they confirmed the sell at .026 based on the fact that it opened higher and closed lower. They therefore book their profit for the runup to .026 when anyone using this methodology would not have been able to sell at that price based on the confirmation. At least I know they will declare failure when the price continues on up.
SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The selling price is the previous close ( 0.0260 ) according to the Rules of Confirmation.
I think he has the ability to push it up right now and chooses not to.
It's Stevie playing games again.
He figured if he got us back up here, his stupid shareholders would leave him alone for a while.
These sellers are not weak hands.
I'll add to that and say most penny stocks dilute to fund development. I will also give you dilution through the end of last year. But it was used to fund advertising and production which bring revenues in much quicker than development. We're sitting in an excellent position right now.
200 day MA is only .0263 today. What do you say we put it behind us?
gotcha. Don't listen to me. I don't want you putting all your money in one stock. Great buys below a penny though. The lowest I got was .008. My best move, though, was doubling my holding at a penny. It's nice to be up 48% at this point.
Actually, it looked like business as usual
You got that right tturner. One more thing - quit selling shares. I have more than you now.
Highest close since mid-December
These sales below the bid are really ridiculous
.0267 would be a nice close
Major Tom's a junkie
The BMAS move may be strictly to send a message.
That could be really good news. I was just going to post a message that said "WAKE UP" to the stock, but if BMAS has finally moved, maybe we're ready to as well.
If so, it looks like the MMs missed the signal.
What we're seeing is Steve Moskowitz playing games instead of finishing the job.
That must be the finish line, huh?
How about 3.1. I would like to break through the 3 barrier this afternoon.
The company has projected $70M for the next year. Use that instead of 13M per month. But get ready to increase it when Spongebob comes out...and the next big contract starts.
I saw two trades for 915 shares and 415 shares.
Should I interpret these as signals that there was a PR at 9:15 and there will be another at 4:15?
Looking for something to entertain myself.
Take the finish line off the ibox
It's just another Moskowitz Metter Misleading Myth
Lets open at 3 today
News - Uncle Norman available at Petco
Did any of those stocks have positive earnings and revenues growing at high rates? Were the at a P/S ratio less than 1?
I'm ok with that.
Soapy - PR at 3:00 pm?
I don't think anyone longs are selling - only people that have bought in the last few days. That price drop on no volume was way too obvious. Everyone just pulled their bids.