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drew I would agree with that... Lawyers are defineatly kings of keeping people quiet at all costs, not to mention, the timeframes they work on would make dial up internet seem fast.
Not exactly, intentionally trying to trap a short is an SEC violation. Don't think for a second the shorts wouldn't go crying, heck during the VW squeeze they were all crying foul right away!!!! ALL OF THEM... don't believe me, google and start reading...
Now, I can't state for sure I believe the NSS theory, I have no proof, only going by PR's, talking to other large shareholders and I will atleast give it a benefit of doubt. Just as dilution could also be occuring.
I stated my case previously where the dilution wouldn't quite add up based on recent PR's. We are talking about jail time over something stupid. If it was a pump and dump, this is the worst company in the history of pump and dumps.
I am saying, look at what is happening and it is truly mind numbing to say the least.
I dont have all the answers, although if you look at some of the trading patterns, it would look like NSS'ing could be occuring. Let me tell you something about good criminals, they don't get caught. So, could they have figured out how to mask a penny stock from Reg sho, probably.
As for the paid pumps, if the company believes the NSS's are in deep and they could cause a squeeze, or worse cause they dig deeper, why not try it. Promotion is not a bad thing. New investors will ultimately help the company.
I don't have many answers I want, the 10q will certainly shed some light. I have heard alot of rumors and alot of stuff is happening behind the scenes if any of the rumors are correct, this just doesn't feel like a normal penny stock...
Not one thing surrounding it seems normal and no one can answer or prove anything... everything is speculation, other than;
the products are real, MGM and Viacom are huge, the sales are coming in strong, and the products are starting to show up in USA retailers.
Even if no shorts are in this stock, if they lower the O/S while increasing sales and profits, the stock will go higher than 2 cents...
So its a low risk play with plenty of CRAZY EXPLOSIVE potential.
But no doubt, its a mystery... hopefully questions are answered once and for all very soon....
Crash, I agree on the Reg Sho... That is the one thing I find completely amazing. We will see come 10q, most all of the questions will be answered.
They PR'd they are basically done buying back the 50million, you had to have read it. So, once again. The "stupid" lies would know no limits and really just be the worst PR decisions in a history of a company.
So, lets say they are telling the truth. Cash flow is positive and things are catching up. Fact is, it would not take much money at these prices to pick up 50million shares, so lets agree, they didn't lie, for arguements sake.
The 10q, should show a lowering of the float, whether that happens or not, will be key. If the float numbers increased, well, then, some shareholders are going to be pissed and the stock will probably go down or continue the current narrow trading range.
You would have to agree, if the company is telling the truth, and they lower O/S, improving fundalmentals will make the stock price go up regardless of a short interest, if in fact there is no NSS.
Seriously people, look at the cost average on those RME shares and the money is very minimal when this could be 100 plus Rev company, so I really don't want to hear someone say its a large amount of money, because in the grand scheme of things, its peanuts. The deals ink, this company is set up for HUGE success and pennies are jokes. The amount of shares insiders hold in comparison to RME shares cost averaged at .02, just don't see it folks. Like a said, you can't even claim they were dumping at higher levels, because they just PR'd they had 660 RME...so if they lied, its off to JAIL...
Get the PPS up and Frank, Steve and Mike make some serious money... keep it low and those RME shares might as well be used as place mats or napkins, barely even money as best, and everyone knows if they started unloading them, the stock would tank...
Just my opinion.
Drawing up paperwork would be retiring 50 million buyback, and also eliminating the 660 million RME shares over time. If they PR what they are doing and show good faith by implementing a partial buyback of RME, the float decreases and we should start moving.
I would argue with OGClip that what we are seeing is not company dilution. They PR'd that they were 660 million RME shares, so had they been previously dumping those shares and PR'd they have them...
THEY GO TO JAIL.... You are talking about people that have money and don't need more money... Would they really risk going to jail over a false PR over minimal money in the grand scale of things.
Also... If in fact they told the truth then decided to dump the shares... We certainly would not be holding current levels in my opinion... So I would believe that NSS'ing is true, but I have no proof as no one has any proof it doesn't exist.
Everyone that has seen the DTCC sheets.
Look I don't know... but I might have misread a post and it was speculation, I thought an explanation was that the A/S shares could be used for a dividend, which would cause a short covering with a cusip change. I have no confirmation of this, I haven't talked to Steve, but I thought I recalled someone posting and they also said they were not going to be Steve IR guy... Doesn't matter, if in fact they issue a dividend, we would get a share recall and alot of the NSS'ing would be exposed, so if they do that, you might then believe there is a NSS'ing problem, because, why on earth would a company this young be issuing a dividend in any form other than to expose NSS'ing?
Especially with all the talk that this company is just trying to scam people...LOL.
maybe the only reason they are going to do something is because everyone floods their emails all pissed they haven't made millions off investing in a penny stock.
Didn't one poster already confirm that they are offering a dividend? if that's the case, everyone will be happy, more stock for you and the shares get recalled. What's everyone up in arms about.
Who said Friday was the day? That is just speculation until I hear management saying Friday. I haven't read every post so I don't know if someone that was legit posted it. I personally wouldn't put much faith in friday. My faith is that BMAS continues to support the price and pick up shares, that speaks wonders to me right now, all things considered. The 10q is what I am waiting for, if something happens before then, GREAT. But if your hopes are linked to Friday, well, we might just see panick selling with a extra side of NSS'ing.
Lucky this game isn't over until the FAT BMAS sings. Will be interesting to see if BMAS becomes a winner, won't it. Either some incredibly stupid invester/s, or going to be one very wealthy person/s. Only time will tell, but no doubt they are betting on something good.
Bmas is a MM that is buying for a person or a group of people. Many speculate BMAS is Steve M and he defends his stock by buying up shares. Just my opinion.
lets face it, I doubt Doug or Alans group is selling. Doug claims to continue to buy. Now factor in all the other longs that are waiting for the pay day.... plus if BMAS is accumulating, they are up to appx 93 million...LOL. add that to the other form 13's...and well... its all but over if management releases 50 million buyback, and starts buying back RME shares.... game over... then its all on the table... no one can argue... mad amounts of buying will take place...
I AGREE... I know posters that post negative and act all pissed and complain while buying shares..it gets the boards all riled up...LOL plus they think the shorts will keep the price down when they see the boards upset....LOL.. like it matters... can they really get anymore deeper, yes... will they have to cover.... maybe, we will see come Jan 10q... good luck...
I can't wait to see the 50 million shares retired and a bunch of the RME shares.... I cannot wait to post to Mr Doubters... I will be here on Jan 15th posting.... lol... I have a pretty good hunch, based on PR's, they will retire some of the RME to show shareholders a new direction... and to put an end to the bashing and the shorts... my opinion of course
rdailey, i can handle that:)
just think when RME shares get retired and everyone makes a killing he will no longer post on this board... that will be a great day indeed...coming sooner than you think, I hope all longs have all the shares they want by Jan 15th. in my opinion this is the day the longs are rewarded and we never look back or see doubters post on here ever again...
I dont know how much they made, but just think how much money longs and company will make if they announce the buyback is complete and retire a bulk of the RME shares...hahahaha.. naked in big trouble...be prepared for mother of all short squeezes....
SirZ, what do you think fair value on this stock is right now? Based on fundalmentals? 40-70 cents? Does anyone have any insight on what a MOASS would take this stock 1.25? or higher? Has anyone seen a stock that had appx double the float NSS?
yeah turner I am not going to speculate to the nature of the removal of RME shares, I am just stating, I don't know... but I know one catalyst for this stock exploding is the lowering of outstanding shares. Now company did their part in removing 50 million from tradable per PR that the buyback is basically complete. Now, I don't care how they remove the RME shares, as long as they lower the count and show that they are done with diluting through discounted RME shares. Shareholders will be rewarded greatly if they buyback, forgive, or somehow convert those RME shares... My date for that happening is Jan 15 or before..... My reasoning for this is they have to report the buyback of the 50 million, perfect time to show good faith to shareholders the RME shares will soon or are partially retired.... Perfect storm to kill shorts, not too mention, a blowout earnings report...
You and I, and anyone who is following the stock know earnings will be great, heck both of us believe company is sandbaggin the number a little bit, they should have raised guidance again in my opinion...
crash what happens to the stock when they retire 100 to say 350 million shares of RME? plus add in the 50 million buyback?
Everyones hunch right now is they are going to retire RME shares and the 50 million tradable is done and will be reported before or on the 10q...they already pr'd it and they also stated they still have 660 million RME shares, and are looking at ways to retire them, not sell them into the float, management would be stupid not to lower the RME COUNT.. they and most anyone already know the shorts are cornered and lowering the RME will cause the MOTHER OF ALL SHORTS SQUEEZES.
two form 13's, Dougs group with over 150 million shares, come on, this is laughable...
And you see Soapy's IHUB box... maybe some more Form 13's from investors uniting.. because this is all but a sealed deal in my opinion..
What's soapy's last bit of good news? Here's my guess..
1. Announce big box US retailers
2. A large portion of RME shares retired
Everyone asks for hints, seriously people, you need hints? There's only a couple things that havent been announced that we are going to LOVE...
I know my Christmas wish this year is for RME to retire atleaste 100 to 250 million RME shares coupled with the 50 million tradable buyback completed..
Folks, that will send this stock flying... so Santa/management, you know what I want for christmas and your PR hinted towards it.... please deliver on Dec 25, or Jan 15, I don't care when....
yes, well the PR states they are holding the 660 million shares... I would venture to guess they will be holding less than 660 million when they release the 10q... because they retired them... they've hinted through PR that they are going to do that... writing is on the wall... my personal opinion is people should throw everything at this one...
crash thats a bold statement considering you have no facts to back it up, last time the company PR'd I believe they stated they had 660 RME shares... which would mean they haven't sold any. Short will be in trouble when the company buys them back and the mother of all short squeezes happens.... company has already hinted that thats what they are going to do... alot of millionaires will pop up over night when they retire those shares, I think that is coming soon.... from the PR... look below.... 660million held... so crash you just post clearly wrong info... lol
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc., America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News), CEO Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Repurchased stock will soon be returned to treasury and removed from the trading float. The Board of Directors has convened a meeting to discuss additional positive measures to reduce the total outstanding shares in SpongeTech's® stock. Possible actions being contemplated by the Company are to exercise the repurchase option that the Company has on the 660 million shares currently held by RM Enterprises.
My opinion is management has being warning the shorts so they don't cry foul. Remember, it is illegal to intentionly trap a short. I am assuming everyone has read some of the articles relating to the VW short squeeze. Shorts were crying foul on that deal right away, calling for an investigation.
Anyone think management is trying to avoid the same thing here? Quick review of what I see. Plenty of PR's warning shorts that this 10q could be huge. Raised guidance, although I think they could raise it again, probably in the 10q, perfect time to do it. Now, they PR' "we beleive" there is illegally shorting, that was a nice warning to the shorts, sure plenty can say many managements cry short, but done in this matter, the shorts can't cry but know the company is on to them. Now they announce a buyback of 50 million shares, another systematic polite warning to the shorts. Though they PR it's almost done, another polite warning, that they might just report it's complete in the 10q where it should be reported. What else do I see, well, the PR that the company is announces changes in capital structure. This may be one of the final warnings, that management might repurchase the RME shares or begin to do so which will drop dilution and could cause a short squeeze. They don't have to retire all the shares, just some and show the investing community RME dilution is over, plus that would increase earnings per share.
The shorts have appx til Jan 15th to figure out what is happening, because after that date, it may be all but over for them, meaning they have no shot at getting out without being crushed. If the investing community sees SPNG is done diluting reported more record profits, every Tom, Dick and Harry will be running/sprinting to get their hands on these shares.
Remember Young saying the company has a 90 day plan, well I would say 90 days is rapidly approaching.
Now, I have no facts to support this will happen. What I have are PR's releases and as I slowly piece them together in this puzzle I am working on, this is the final picture I see.
I don't work for NASA but based on the PR's, this 10q sales and rev's results should be very impressive. They are truly branding themselves Americas Cleaning Company, and having a lot of success as reported through PR's.
I will keep picking up shares while I can... This thing has huge winner written all over it in my book and in my opinion.
Take this as pump or whatever you like, I am long in the stock and how I think this will play out. I could be wrong.
good yahoo post, not mine, dipickle
Analytically, we are trading at a TTM P/E of about 12 ($.025)/(2M/809M). Let's assume that this is a good rule of thumb.
If our sales hit $50M based on TTM at the end of the 4th quarter 09 (May 31), then we can expect the following outcomes:
1. If SPNG O/S sits at 809M, then our metrics are at an EPS of $.012 ($10M)/809M or about $.15 fair value.
2. If SPNG O/S shrinks (buyback) at 50M/month, then EPS is $.02 and fair value is $.25 range.
3. If SPNG O/S shrinks thru the full RM buyback, or funding, or retirement, then EPS is $.067 and fair value is $.83.
The wild card in all of this is when do the counterfeit share holders (MM's) realize the possible outcomes?
As long as we are not diluted by the CFO any more, we force a covering by the counterfeiters. The real issue with each quarterly statement (10K) is to what extent does the CFO push the share reduction pace?
Mathematically it makes perfect sense to me why we are trading at these levels, because of the actions taken by the CFO earlier. SPNG chose to dilute for growth and it seems to be working to grow their company. The rest of us who are invested have been their lifeboat. The sucky thing about this is that the CFO has us by the balls...if he is a man of his words, then we are fine.
Scenario 1 does not really address the counterfeiters being forced into a corner quickly, they are allowed to escape with minimal losses...
Scenario 2 and 3 are really pressing the issue with them and cause a quick decision. I think based on the Nov 20th letter to the public that the warning to the counterfeiters by Jan 15th is stern. A squeeze will come.
Getting and preparing the SEC 13g's to show that the 809M are accounted for before Jan 15th, seals their fate.
Tturner, My expectations are higher... but 12 million still is good right...LOL... but what if it comes in at over 15mil? I wonder what the bashers will say next... oh wait, they won't say a thing as they will be too busy trying to cover:)
Wadi beat me to the punch, sorry for the repeat... thanks for having my back:)
Here's the repost from Alfie/Doug...in regards to spng discussion. Linke is provided below what he stated... I will believe Doug, he and his group have delivered two Form 13's for over 80million shares when others bashed him or didn't believe his groups position... I report, you decide....
Dear Defrun,
Yes I have been approached by at least one group who is short inquiring as to my intenti0ons and interest level for selling my shares.
I advised them that I remained a buyer and not a seller.
They further queried me as to potential sell targets and I did not give them one, save to say it would be a heck of a lot higher than the stock is trading now.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=63817&tid=43191&mid=-1&tof=-1&rt=2&frt=2&off=1&p=3DMP7L3AWsYRxPWulBdH1bd.cjM4lnEbPokB3P8-#-1
yeah, he stated it over yahoo. so its published on the internet.
One group of investors have over 150 million shares and have been appraoched by the shorts. Why would the shorts approach this group if they didn't have a huge position and needed to cover? Plain and simple, shorts have contacted Doug's group.
Any thoughts are that? Doug told the shorters, I am still a buyer at these prices. The company PR'd they "believe" they are being NSS'd. They also have no reason to buyback 50million shares, but they announced its almost complete, you can't add up what's happening here? Seriously...
Can you show me it doesn't exist? We can play this game over and over. If you don't think it exists, don't buy the stock, I have talked to many shareholders, the share counts give me the proof I need to buy more shares. I also trust management, if you don't trust management, don't invest in SPNG. In my opinion they have earned my trust, signing deals with Viacom and MGM, they are in stores, they have audit results and they announced a 50million share buy back and gave an update saying its near complete, just in time to report it on Jan 15th. I look at this stock as a puzzle. AS I did my DD and I am slowly putting the pieces together, I see NSS'ing in my opinion, and I see value like no other in this company and in the stock. I don't care what anyone else does, I've made my decision. Funny, how these form 13's are showing up before Jan 15th. If you choose to ignore the writing on the wall, or don't see the same writing I see, don't buy... I am just adding my opinion... Like it, Love it, or hate, I don't care. I am loading up on SPNG, plain and simple...
because NSS'ing exists, people can buy SPNG for .025 cents. Keep that in mind and when they get squeezed for over 100 million shares, you will be rewarded. Two Form 13's plus what management has stated, we have a huge NSS problem in my opinion. We could see a Mother of all Short Squeezes coming.
Happy New Year.... Something has to give by Jan 15th in my opinion, I will accumulate through that date...
No one can deny Spongetechs rapid sales, 800% year over year, figure guidance can easily be raised to 50 plus million, add in legit deals with a company the size of Viacom and MGM. Spongetech is the real deal. Rumors have it that there are bigger deals than the Viacom/Nick Spongebob deal. The question is, Are you Sponge worthy? as .026, who isn't?
Yes, the company needs to issue a PR with buyback info as well as float... no reason to wait now that two form 13's are out there...
Crashes to earth.... the stock price .0255...hahaha.. can't get much closer to earth when a company has raised guidance to 40million, I figure it will get rasied to 50mill plus, that's not including the Viacom/MGM, but you would like to think those companies got fooled like all us stupid shareholders..LOL
Positive earnings... and .025 cents per shares.... Look out..
Hey Crash, if the company comes out and states the float, I bet you would buy, because then no one will be disappointed... Everyone should be really rich!!!!!!!! Hopefully you buy some SPNG before its too late... all the time you spend following this company I'd like you to make some money...
I smell rocket fuel.... Just waiting for the countdown...
Charts???? We will be entering uncharted territory!!!!! Going where No Spng shareholders have ever been.... Admission to this ride is currently only .025, don't be late boarding.
Maybe you should buy some SPNG so you can buy a nicer car... one that you will want to wash... just a thought...
Correct... Go SPNG
It is easy to see that SPNG will be raising guidance this year once again... Already from PR's raising guidance to 50million is in order, not to mention once spongebob and friends ship, we could hit 75 to 100 million this year... at 20% return, 20 million profit.... my opinion, this is the buy of the year..or century...