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old news by now
Thanks for your post. Maybe I AM a misguided long investor. But as long as I see good fundamentals, and Deloitte & Touche presence on board I sticking in there to the bitter end -- nasdaq or bust -- or if we should be lucky enough to be bought out at a great price then so be it. GLTY. Spino
The 2009 numbers as to revenue and profit were included in the aug. 31 extention document filed w/ SEC: 50m revenues; 11m profit.
Thanks for your post. Good queestion. I guess my answer would be that --
1. Public companies, such as spnge, that I have invested in anyway do not let S/Hs really know what is going on behind the scenes because (a) mgmt. is running the company; (b) mgmt. does not usually report interim events; (c) --very important -- mgmt. does of a public company does not want to tip off the competition of any new products, advantage, etc.; (d) with respect to spnge mgmt. does not want to tip off the naked short sellers; and (e) for other reasons I can't think of at the moment.
2. As you know spnge is or should be workng diligently on the reaudit, and getting the 10Ks for 2008/2009 filed. That's foremost. There is not time for "fluff" PRs. The impt.stuff will be in the 10K for 2009.
I will wait, though impatiently at times, for the 10K.
Thanks again for your post. Spino
The decisions SM has made has made the company grow 1000% from 2008 to 2009, and then projected in first qtr. for 2010 for revenues to exceed all of 2009 revenues, and for full FY 2010 revenues projected at $270m, and 50-60m in profit. I do not personlly interpret that as making bad mgmt. decisions. This company has strong fundaments, great national branding, etc., etc., now with Deloitte and Touche as it Independent Accountants. That's a company to be proud of, IMO.
someone emailed sm and that is what he said -- someone posted this early today. that's all I know.
GuFu is not an important issue in the whole scheme of spnge's tasks now and business. it's a closed book for spnge. And at this point it's a closed issue for me too. GLTY
There is another thought -- put a positive spin on the busted deal. It must be a good business decision for spnge to do this also. They are saving 1.7m up front, and 5m in total.
I cannot change your pereception of things.
All I can say is that spng should have known software does not work before the deal, and I do not think they have any duty to notify us about the rescind first. To me it does not matter.
I go back to my prior post to you -- those are my thoughts on this issue.
not worried -- frustrated. waiting for reaudit and 10ks. then things will look up.
GG: Quiet about Gufu?? What's to say? Gufu said it --deal rescinded.
Hopefully they are quiet focused on the 2008 reaudit and 10Ks for 2008/2009. And I forgot running the company. Getting out those sponge bob square pants sponges ASAP, strategizing on next move to get to nassdaq quickest. That I'd rather them be quiet and focused on that stuff rather than PR a busted deal with software which does not work anyway. JMO. spino
nix: I am, just venting sometime. I will hang in there, as I too believe in the company. It should not take too long to reaudit the 2008 FY with only 5.6m rev.
Thanks nix. I guess I'm just getting weary of all these games from all sides shorts, spnge sometime. I cannot wait until spnge get to the Nasdaq to act like a normal public company.
Jeff: You are exactly right. I don't doubt the deal fell thru as to spnge for some legitimate business reason. It was the market's reaction to it that has bothered me.
Thank you. I'll just turn off L2 for awhile.
wadi: I am completely baffled by the price drop today on this large volume. Could a spnge long please explain it to me? Thanks. Longs only please. I do not need any naysayers to reply. Spino
wadi: Thanks for the reply. You are right in that SM should have "thoroughly" made such the software worked prior to investing. So, it's probably not that.
Just because Gufu pulled out -- maybe it was Gufu's place to announce the recission and not spnge, in that it was Gufu which accepted the money and made the deal for the company.
And you can't rule out not being able to work with Gufu mgmt. as not "a" reason. And you can't rule out extreme pps volitility as not "a" reason (as if spnge's pps has been stable. haha).
So, maybe all of the above -- and other "business only" reasons caused this.
Spino
wadi: Glad to see you are still posting. As to Gufu, there are probably other factors which Aflie is not aware of. Someone said this morning already that SM said that the technology does not work. I think that and what Alfie said, plus maybe the money could be better used to retire the RME shares like you were trying to tell me from the outset could factor in. So, for a number of reasons GuFu is a bad investment for spnge.
What I do not understand is why the spnge pps has dropped like it has this morning on hig volume. The volume so far after only 3+ hours is 13m shares more than all of yesterday. The pps drop can't possibily be related to the Gufu recision. If it is people do not understand it and just sell on anything. I do not get it. Spino
We are only about 3 weeks away from the 10Q -- 1st,. Qtr. for FY 2010.
Any buyout, if there is to be one down the road, has got to be much, much higher than $1.25. $1.25 is no where near the true value of this company. IMO the true value is something like 2.1 Bil. That divided by the # of O/S should give you the per share value price. That is much more than $1.25.
JMO. GLT all of us longs. Spino
Your reply has nothing to do with the questions I had. YOu have a good day. GLTY
You did not read my original Q. I said "assuming" they exist. I did not say they did.
Aah. "maybe they fudge a little" or maybe a lot ............millions. Then that is a big problem . underpayment. And the WHO are the hedge funds are easily identifiable as to the amt. they do pay. And..........
Yes. IF they pay the taxes, then there is a record of WHO exactly are the hedge funds in question -- albeit it is an IRS record. But.........
As my post indicates assuming only the air shares which have been theoretically covered with air. Not the ones which have not been covered.
But if the air shares do not in fact exist, then how can any profits be reported on shares which do not in fact, in reality exist???
And how or why would the brokerages who did the transactions for the hedge funds, give the hedge funds a legitmate end of oyear statement based upon the creation of illegal nonexistent air shares? Spino
POST TO NO ONE: QUESTION
Assuming that their are illegal naked shorts out there floating air shares of spnge, and further assuming there is some covering of such air shares, then the question I have is this: Do the hedge funds or whomever has floated the air shares which are now covered -- do they exist for income tax purposes or not? Do the hedge funds pay federal income taxes on the profits they make from covering the air shares of spnge?
Or because the shares to not exist in reality, then poof there is no tax liability? Those are my questions with respect to spnge.
Further, I know all of us spnge S/Hs with spnge shares in our brokerage accounts, that when we eventually end up selling our shares for profits or losses, we have to pay federal income taxes on the profits and take tax losses -- regardless of how or what the shares are in our brokerage accounts -- real or air shares -- because for us they are real. And our brokerage firms account for them and give us a printout at end of year. Spino
Yes, IMO. But don't expect the company to be bought out at such a pittance, IMP.
Can you explain? Customeer sites?
So spnge is one of main sponsors of DS foundation. What I found most intersting about the Greenbridge PR was that it announced a stock div to all S/Hs. now would that not be nice if that came our way. That would certainly make the shorts cover, IMO.
What do you mean "wrong AS at delaware" and "they have more to say"? Kung Fu Panda check it 15 min. ago and the A/S was the same as yesterday.
Thanks. then I do not know what Dumar is talking about as to spnge's A/S.
As ot today this morning?
Could someone check the DEL SOS office then as to what is what with A/S? Thank you.
CHD or Colgate
What facts do you have for your 2.75 Bil. figure for O/S?
happy: I agree with you entirely.
It's obviously a typographical error. As simple and complicated as that.
Of over 2000 publicly traded companies, there are ONLY 40 on the Reg.SHO list and spnge is one of them. Very interesting.
Interesting for the above statistic and also due to all the "green" trading transactions the past few days. So, many of buys werre covering and many were just buying, IMO