Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is that player number 2 or the credit line? Oh...that's not for public discussion is it.
So...player 1 and player 2 have been pushed aside...
I screwed up on the TBS - I meant does it remain TBA or will it be today?
The silence is deafening.
Is there a reason the ibox was changed to include the Spongetech logo and remove Doug?
Interesting change at the top of the ibox.
How about changing TBA on the 8K to Today. Will this happen or is it still TBS?
Give me the 8K
I'm actually just posting this to provide a break between Carp's posts
Soapy - This is interesting. Any comment?
Steven Y Moskowitz is on the advisory board for Microcap Global. A GERMAN based hedge fund. http://microcapglobal.com/boa.html
Someday it will be now.
From Micro on Yahoo - spoke to Steve
He is out of the office for the next week or so. They have six shows too do across the east coast and down to Florida.
He said the 8k has not been signed off by his lawyers...he expects them to do that today. He said he understands everyone is interested in reading it and he is is trying to get it out ASAP
He said there is a VERY good chance Spongetech will have a car in the Daytona 500 this Sunday. The driver has one more race on Thursday and as long as he keeps his position he has or close to it, its a done deal. I am getting a photo of the car ASAP to post.
The show is going ape@#$% and they are kicking ass and taking numbers...I guess the sales have been above what they expected. They have 5 more shows after this one.
He said there is alot in the works right now that will be released very shortly, he is not a lying bastard, and he is right and were all going to make some money here very very shortly.
Okay, so we dont need to even comment. You heard some of the details I can share, now all of you will get to make your mind up if he is a liar. You know what he said, lets see what becomes.....
There is not much else we can do!
Soapy - Any specifics on the 8K timing other than by the end of the week?
Me too. If nothing drives the price up today, I'm buying more tomorrow.
I guess they're equal then...
drugmanrx - does two solar cycles equal soon?
I saw the following on Scottrade.
16772216
Are you validating the theory with different players?
I'm not necessarily good at links. See the three below.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=62596&mid=62618&tof=21&frt=2
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=62596&mid=62628&tof=13&frt=2
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=62596&mid=62629&tof=12&frt=2
Actually Soapy I was asking about the tender offer from Micro
Don't wait. Add now - you're almost out of time.
It either means something or it means nothing...Soapy???
Tender offer from Micro
Let me ask you something.....
Do you have level 2?
Well there are people that do if you dont...
Ask any person, has NITE been on the top of the bid for every single day for 2.5 weeks straight? Have you seen anyone above NITE on the bid for more than a few minutes once in awhile for all this time? Have you noticed BMAS is not running the price up anymore? Do you know why? Do you know whats about to happen? Why anyone is not catching on what were doing is beyond me. Just watch, NITE on the bid, buying every share for 2.5 weeks....Do you know BMAS bought over 100 million shares since Jan 1? Do you know how cheap it is to do a tender offer right now?????????????
True Wadi.
I'm looking at glass half full options.
Player #1 = Doug
Player #2 = SPNG
They buyout the company when each owns the O/S. They sell all their extra shares to the NSS for $1 - $2 each so the NSS can deliver all the shares they've sold. We all get $1-$2 each as well.
Crazy, just crazy...
What if...
What if Steve sold 200M common shares to Doug in December in a private transaction with the agreement that Doug would hold. Then Steve has been using that cash since then to buy up shares on the open market from the NSS?
We have a lot of time until Monday night. Why not consider the options.
Something's definitely up.
Micro, Alan, and Alfie (Nick, Joel, and Doug) all have a large interest in SPNG. A week or two ago, it became very obvious that Micro and Alfie do not like each other. Alfie made the comment on-line that Micro had no idea what was really going on. Last night, it became obvious (from Alan's posts) that Doug and Alan are not working together or communicating. It seems to me that Doug knows more about SPNG than Micro or Alan. If you had a huge interest in a company and came to realize there was additional information that was shared with one but not with you, wouldn't it concern you greatly?
My hope is that SPNG and Doug are completing the real plan, and other insider concerns are just because they're not up to date on it.
In all three cases, you're talking about owners of 10s of millions of shares. These owners are not stupid...
Might be good to take some strong sedatives. This is going to be a long weekend.
I can't argue with that...
tturner - you forgot one piece. Alan_Investor quoted Steve as saying this about Monday night "And that we will be happy then..."
Hey Soapy - Is Monday night going to be the 8K, the "last announcement" we're going to love or both?
Carpe - You're not understanding me. Let me document my speculation a little more clearly.
Based on fincial growth and forecasts, I believe the stock is worth 75 cents to $1.00 if O/S was in the 200M range.
Now here's what I was proposing. What if Doug's group owns 200M shares and RME / SPNG management own 200M shares and there are only 200M common outstanding? In this case, both the buyer and the seller would have incentive to close a deal at as high a price as they could justify to auditors for the value of the company. Why? Because each side already owns the O/S which they purchased at rock bottom prices. Both sides could get rich because the MMs would have to pay everyone (including the seller) for all the shares they've naked shorted.
My speculation up to this point was that a buyout could only come from RME or SPNG since they control the vote. However, if they own the O/S as well, they would be incented to approve the sale to someone like Doug at $2 per share if they own 200M shares that they received at 2 cents. Doug, as well, would pay nothing because he also owns the O/S in this scenario.
This is the last I'll post on it, because it's speculation that's just way out there.
Remember - the buyer puchased all their shares at 2 cents. It doesn't matter what price they put on the buyout in terms of their pocketbook. They get a 500M company for 2 cents multiplied by the outstanding shares they already purchased. It may be an issue with something like goodwill, but I leave that up to them to figure out.
Soapy - I assume your additional buyback links above have been changed from TBD to --- because the 8K is all we're going to need?
Wadi - I understand where you're coming from. But do you believe that an 8K is really being filed? If so, and if they aren't telling the truth, are you expecting it to show a lot more shares than the PRs they've recently released? If so, why would they file the 8K? Do you believe Doug's group owns 250M shares? If so, there is no problem and the issue is now behind us.
I'm with you 100%
Complete speculation...however
I'm with you. Right now there are 700M O/S with 480M RME restricted and 220M common. 220M is less than the total that Doug has claimed he and his friends own. This is all I need to know. However, I've heard a lot of questions about December activity. This makes me wonder. This information is important to someone. Why? At this point the only thing it might impact (from my point of view) is someone intending to make a buyout offer but afraid of something that might be hidden to them.
What's not reasonable about it? Metter said he's building a $500M company. I assume he was referring to revenues, but if he can grow it that big, It will definitely be worth $400M.
Remember - I was making a guarantee. If you want to know what I think (rather than guarantee, I think the stock is worth 23 cents at 700M shares. I also think if a group owns 200M shares, and the RME shares are eliminated, they should offer $2 per share to buy the company since they would already own the 200M outstanding. This is what I'm hoping for.
In a typical buyout scenario, you have the buyer trying to negotiate the price down and the seller trying to negotiate it up. If each side owns the entire outstanding shares, they both have the incentive to push the price up. I'm sure with the viacom deal and other product lines they are launching, they could convince auditors that $400M is a reasonable sale price. They announce the deal, it costs them nothing, and the stock shoots up to $2 while the nakeds start forking over the cash.
I guarantee you one thing. If they get the outstanding shares down to 200M, this price is not going to stay where it is. There will either be a squeeze or someone making a ridiculously low offer to buy the company - like 10 or 20 cents per share.
I'm sure the 8K is coming out - I'm not sure we understand what will be in it.