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You need to read the following post, and be sure to pay attention to the second paragraph, it will answer all your questions:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40204140
Does anyone have a link explaining the different types of level 2 trades? I have seen t, z, and u, are there others?
Thanks
Interesting that you say there is no footprint outside of Walgreens. Please stop trying to mislead new investors. I know you are aware of the two links below:
http://www.cvs.com/CVSApp/catalog/shop_product_detail.jsp?filterBy=&skuId=695170&productId=695170&navAction=jump&navCount=3
http://www.cashengine2009.com/
Z, looking at the L2 for today, i see the below t trade. This one confuses me because as you said they are supposedly large trades, why would such a small trade get posted as a t?
t 0.1414 5500 OBB 16:01:50
I disagree, SPNG is on the REG-SHO list which means the SEC has looked into it. If there were so many "incessant securities laws violations" it would have already been stopped. Also i find it funny how none of these so called violations are even listed, that is because they are not there
PennyTrader, i think it is important to note that while naked short selling used to be allowed as you said by market makers and such it is now illegal, it has been since October 08 and was just made permanent.
"The Securities and Exchange Commission said Monday that it was making an interim rule permanent that banned the practice of so-called “naked” short selling.
The new rule requires investors who are short selling a stock to take actual delivery of the shares within a few days."
http://www.hedgefund.net/publicnews/default.aspx?story=10275
I am a little confused, what am I missing here? All it says is they never used Robison before on any decisions. Please explain why this is a red flag?
Question about REG-SHO list. If we continue to stay on the list for an extended amount of time, does the SEC do anything? Or do they just keep putting SPNG on the list, until the FTD fall below the limit?
I use fidelity, they have been hitting the wire with that about once a week. Seems someone at Fidelity must have this thing shorted, just trying to scare people. It might have been news the first 2 times i saw it, now it is just getting ridiculous.
Ha i think this is good news for us longs. People already making excuses for when the 10k comes out. I expect to see a float of around 200 Million or less.
eel please post a PR that the company lied on and then post the proof proving they lied.
Thanks,
Actually there are two, the second is to keep the Naked Shorts in the dark as to the actual OS.
SPNG Banner behind home plate LAA @ KC Bot 7th
Dont know the truth behind this but someone posted yesterday that MM use small lots, 100, 200, 300, 400, to send signals to each other.
If you read a little further it says that they are buying out of the float:
"Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float."
Very Nice, i wish i could, i cant add again till next week.
Ain't a big number? 100 Million when there are only 720 million OS or lower? We know that at least 300 of those 720 are RME so take those out of the float, Management just purchased 20 million from open market for them so take those out of the float as well. (for at least 6 months) Looks to me as if that 100 million is at minimum 25% of the float.
Even if it was real, it says absolutely nothing. There are hundreds of computers going through the IP, for all we know it could have been a janitor in one of the buildings who is an investor in SPNG.
How about instead of me wasting my time to prove they are false, you provide some sort of solid evidence proving they are true?
Looks like they sponsored one of the events and not a specific fisherman. Dang wish they were sponsoring KVD, he is the man! (As any fisherman on this board knows)
"Paris Landing hosts Bassmaster’s SpongeTech Tennessee Triumph tomorrow
June 2, 2009"
http://www.paristn.net/articles/2009/06/02/paris-landing-hosts-bassmaster%E2%80%99s-spongetech-tennessee-triumph-tomorrow/
Carp, do you know who they sponsor on the bassmasters?
Introduction To Level II Quotes
http://www.investopedia.com/articles/trading/06/Level2Quotes.asp
Nah us true longs do know the correct O/S <= 722 Million. It is the people who dont believe SM that think they dont know it, but they do...even if they dont want to admit it
Important DD on SPNG:
There seems to be an alleged screen shot going around that claims to be the correct outstanding shares. It is important for all investors to understand that an image of this type can be easily created, after a few mins of website click and some basic knowledge of photoshop I was able to duplicate the results. Anyone can do this, you can obtain the template by following the below steps:
https://www.shareholderaccountingsoftware.com/HTML/linkstar.asp
Scroll down click on:
Click here for agents who desire to provide their clients with direct access.
Opens a new window with login (login info is filled in) click on Sign-On
(I am not sure why my first post explaining this was deleted, I believe this is important information for everyone to take into account. If this is breaking one of the rules please PM me and we can talk about it)
RME Shares are restricted, and are not 'free trading shares' they can only be bought back by SPNG and not sold on the market.
"Lets say that RME has 600 million shares (all owned by company insiders) and all these are free trading shares."
Tavy, can you provide evidence of a 'misleading PR' or 'lies of upper management'?
My guess is, it was a test promotion to see how they would sell, do some market research before putting them in the big stores.
Not too worried about what it used to do or has done in the past, management keeps selling 1 Million dollars of product a day, pps will take care of its self.
GG, look past just this month at NITE, all they do is SELL SELL SELL, the never buy. Where are these shares coming from? No where they are creating them out of air. Fine by me though we will get them, MOASS!
lol if you could prove it you would have already instead of making 100 post trying to claim you can.
My theory is that the pps is being held down by air shares issued illegally by overseas and corrupt hedge fund managers. These shares will eventually have to be bought back by UBS and NITE the market makers that let these NSS trades go through.
Once the real float comes out either in the 8k this week or in the 10k in Aug, everyone will know for sure there is no dilution and will want in. All these buys will force the share price up making margin calls on the legal shorts, which will push the pps higher. If the NSS still refuse to cover we will see a dividend or a merger into a company already listed on the big board. Killing the NSS once and for all.
Doug is the General Partner of The Signature Fund, he has full control over it's assets.
http://thesignaturefund.com/
It is going to be great when the A/S comes out and it is less then the last 10, with such a large share holder as Doug and his fund, the squeeze on these naked shorts will go on till he says so. Now the question is, at what price will Doug let this get to before he sells? $1? $4? 6? higher?
Fire, i think that is the best post i have ever read on this board
My guess is Thursday with share structure, just a guess though, i have no info to back it up
I am not a Technical Analysis person, but i do see what happened last time we hit the 50 day Moving Average. I hope we can bounce off of it again! I would appreciate any insight from anyone skilled in TA.
Crash, i hate to but got to give you props, you said it would happen before tuesday
Actually, I sent some more cash to my fidelity account Friday morning, i would like it to stay right where it is until my cash settles and i can get more shares : )
Anyone have any insight on what the new profit margin is now that we have Dicon? I know before they said it was 20%, now that we have Dicon shouldn't this go up?
I disagree, too many people want in at .1 I predict that it will not got below .1
Cash define 'soon'. If you are going to give your self points for being correct, you need to be correct within a given time frame.