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.
only 28 posts today, some people are slacking...LOL:)
3.2 MILLION in 10 days is huge... look at what we did in the 1st quarter... LOL... now we are doing over half that in ten days.... remember when they reported how much they did after advertising on howard stern? wasn't it well over 3 million in the first couple of weeks...
this company is rocking, once they get the NSS'ing addressed, like they claim they are going to do, I would assume this stock is going to explode rather quickly...
Look, we all know everytime we get a PR with legit numbers, the stock is going down... broken record here... when's the last time we got a bump in price froma good PR...never, that I can remember. The Viacom deal even ended in a down day..LOL..
Hey Newbies.. when the stock falls after a good PR.. that's the normal NSS'ing happening... Load up at .02 cents... we will get there, you just have to patient:)... One more good PR and we will get to .0185 and then load up...
If another Form 13 that basically shows the float is locked up, we might even be able to pick up shares around .015, the better the news, the more they NSS it... or so that's my opinion of what's happening... but don't worry, once we are 100 million company, Doug and his group will own 20 times the float... and everything will be ok... LOL..
Fyi, I am long... but anymore, most of the action is laughable when it comes to SPNG.
396 posts? Are we there yet:) Must be getting close...
No kidding, I can't remember this many posts on the SPNG board, I guess the buzz is starting to circulate this thing is about to explode... even Alfie who doesn't talk dates is say soon to maybe a few weeks...LOL
More good info, you must be greedy... Management knocked me off my feet today reporting about an off season Nascar truck driver going to a Rock concert for charity.
I am really surprised that news didn't shock the investing community, are we still red today? Never would have believed it with that knock out PR.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7XBpfNrVvgQ
Here's proof, 14 days of FTD's... If there were so many shares avail. No reason to be on the FTD's Reg sho list..>EVER...
I must correct you...
NOT IF... But when this squeezes....:)
rdailey.... two MM's can sell to themselves...FYI... which makes it look like more volume is trading than really is... tricks are played...in my opinion basically, they are just playing with themselves...
Playing with yourself may seem like a good idea, until you get caught!
Words to live by:)....
Crash, was that company financing with personal money, did they advertise with Howard Stern, Major League Sports teams, run commercials. Did that company have a 50million share buyback? Did that company sign with a big player like Viacom/Nick? Did that company advertise with Nascar...
Can you imagine the "egg" if this company was a scam... they fooled a lot of people and spent a lot of money trying to fool us dumb investors..
It amazes me as much as you analyze this stock, you invested in a company that turned out to be a scam...
G.G. BMAS is the defender of SPNG...
I've been busy, but my friends were trying to pick up appx 5 million today. I don't know where they are sitting, I hope they bought them all early...LOL... doesn't matter considering where all of us think this one will end up some day... hopefully sooner than later.... go SPNG...
He's part of it...
GG. Lol.. I didn't think so...hahaha... I am glad the price is going up... someone has to care about that:)...
Tturner, Micro is one of my friends... he's got some serious cash in SPNG... and so do some of our other friends....
I have seen Micro's account and can verify him and his position if anyone cares....
Wolv... my theory, my guess, my opinion is this... Company is mad... Maybe because the shorts attacked them, or are still attacking them... so why wait... well, if you had deep enough pockets, why do anything about it other than buy up cheap fake shares... I mean, they want to uplist right... do you think if this stock was trading at fair value they could uplist or meet all the requirements? Most people would say fair value on this stock is appx .45 cents... give or take.. that's a rough estimate, so don't bash me either way:)...
So... the stock is trading at .018 to .04... if the company has deep pockets, they just keep buying stock at these levels.. the shorts let it run a bit but on average, you could accumulate most of your shares at around .025- .03 cents.
Why stop buying? think about it. the deeper the shorts dig, the higher they will have to pay to get out of hole.
If you know something is worth 50 cents... and someone offers to sell you unlimited quanity at .03 cents.... you might only have one shot at a deal like this, so you keep buying until they quit selling at that price... or until you run out of money. With that said, BMAS appears to like this stock and is buying alot at these prices.
If Doug files another Form 13 for 59 million, his group owns 100 million and if BMAS buys 100 million, how many more filings do you think it will take for the "BIGGEST SQUEEZE EVER" to take place. Don't forget, the company knows whether or not they are going to be raising guidance again for the year. Just think if they are sandbagging some huge USA retailer deals already ink'd. Why not grab as many cheap shares... Obviously management and family have some money... I have no idea if Doug is going to file or for 59 million, i just stated that for easy math, FYI...because of the 41 million already filed..FYI.. Doug has publicly stated his group owns over 100 millions shares, so that's why I stated that...just for an example only...
Just my thoughts.... Plus, if I had to guess... The company is doing this to fund operations going forward...
Keep in mind if BMAS is the company or friends of the company, they can hold out on selling those shares...
Spongetech may issue shares once the price spikes really high to help the shorts cover....LOL... Do you know what kind of capital that will mean for SPNG?
Just speculation.... but that's my guess why the company is allowing this to continue... when BMAS stops buying... Fireworks will probably start... or...if you see BMAS just go on an outright MAD buying spree, that might be a sign, they are grabbing the last amount before the fireworks...
Look, I have emailed and talked with Doug numersous times, his not lying on his position. I have spoke with other large investors. My friends, family and I hold well over 20 million.
I think we have a winner...
My friends are buyers today... last I heard they picked up around the 2 million share amount... not that we will keep adding to our IHUB number....LOL...
Look, right now everything is speculation and the company issues statements like "we believe"... if they lock up the float and PR it... I honestly believe that will cause a short squeeze. Especially if they say there is X amount of fake shares. Every swing trader, momentum trader, bandwag jumper and many others will jump in trying to get as many shares as possible.... right now, there is no hard core proof, once/if the company calls them out publicly with hard core facts.... GAME OVER in my stupid opinion...
Nice Poem... Hey, purely speculating but if BMAS is buying for the company and they buy up the float, i think BMAS is near 75million shares... I would imagine a PR to look something like this.
Attention shareholders, we have currently purchased the entire tradable float... all other shares are fake NSS. Shorts, have a nice day, SEC will be contacting you.
wrinkles, since it is a rumor... would you mind sending me a private message.. I like to hear rumors, but wouldn't think of spreading it....
honestly, I'd like to believe that management has a plan, and one of the plans is buying shares while it is this cheap. But at what point do they stop buying, once they have the tradable float? If so, they should just announce, we have a NSS'ing problem, we are addressing it by buying the tradable float and then contacting the SEC once the entire tradable float is secured by management. The shorts will either take off running, or management will get to buy it back at these levels.
Plus, they will gain the confidence of the spng investors and I am sure more of us would buy more if we knew that was the plan, so we'd really be sticking it to those short selling..
just a thought... never liked secrets...
cdnkid, rumor has it the company is working on a top secret plan to take care of the shorts, the gag is part of this plan, but not sure because it is a secret.
I dont like speaking for others, but what I gather is he is frustrated that management has not dealt with the NSS'ing, if it really exists, that they continue to dilute with RME shares and that the stock is not moving forward, but shareholders continue to hear that "management is working on it", or "just wait"....
who knows, he's still long, but voicing concerns shouldn't be seen as negative...
I hear all the time, keep buying at these levels... well, i would rather not buy at these levels if one year from now I could buy at these levels...
When you look at Doug and Alaninv... 1 year later... they might be even or down and can still buy at these levels...
Just something to think about... I mean, if I can buy at these levels next year... I might as well collect interest on my money....
No one knows... so many secrets IMO....
Why haven't they announced buyback info, "we are almost complete"....WTF???? it seems they are vague a little to often...
alaninv is a part of dougs group, I have spoke to doug and alan, and fyi, alan isn't his name.
if management wanted to deal with it, they could have by now. I don't understand why there are so many secrets. and yes, Alaninv is a part of Dougs group. I think Alanin is frustrated because of the broken record he's been hearing from management...
he's been around awhile and if history repeats... well, you can see why he's bummed... I'm still long, but getting a bit nervous... if management doesn't end the NSS'ing, we could cycle lower... ..018 has been a base, but that should scare people when that base comes in with raised rev of 40 million, viacom deal and so forth, when great news doesn't move a stock, that's a sign of a bigger problem... which needs to be addressed... just my stupid opinion...
I'm with GG, I hope we get a nice run this week.... and get rid of NSS.
tturner, maybe the 2nd one will have more shares:)... instead of 3 41million.... maybe one with 82 million:)... just a thought...
looks like someone wants somes shares...hahahahha have black friday folks!
Lurker, what are your thoughts about see BMAS accumulate all those shares? as of last month, they were over 48million. This months accumulation could have them over 70 plus million.
Any thoughts on why someone would want that many shares?
G.G. I'm with ya.... I have my entire family invested:)... it doesn't stop there, my soon to be brother in law bought, plus he turned his mom onto Spng... it doesn't stop there, he then got his business partner to buy. We aren't done yet, he then turned his brother in law onto SPNG... His brother in law then turned his family members onto SPNG. I then bought my brother an early christmas present, which was 500.00 worth of SPNG. He then told her co workers about SPNG and two of them bought in... My uncontrolable SPNG fever then turned my brothers friend onto SPNG. He then told his Dad and now his father is invested in SPNG.... My sister is in SPNG and she she told her friends and inlaws family about SPNG...
I have a Spongetech problem.... I need to check myself into:
S.A.
Spongetech Anonymous!!!!!!!!!!
doog, I agree...nice post
either you over ate, are drunk or you are really high....:)
or all of the above... but if it helps, I think we might have an up day too:)
some stores....
Hey crash... I hope the company sheds some light on this situation... I bet you might even buy some stock in this company if the SPNG buys back the RME shares... and states the float after they complete buyback of 50million if they do so. Just think if the company is telling the truth.. PPS will shoot up quite high....
Hey crash, have you seen BMAS buying up all those shares... any ideas on why someone would want that many shares of SPNG?
Have you been watching that MM' scoop up shares... pretty crazy, it really seems as though their buying drives this price up?
In your opinion, why would a group buy that many shares?
No one has seen them sell shares....
GG, I really hope so, and I haven't sold a share... and I am plenty long in this company. If management takes action to correct the PPS, I will give them the highest props' one can give, I believe in the comapany, product and the sales....
Carp, I agree with you... ok.. I am long and a group of mine is considering filing a form 13 also, so don't take anything i say the wrong way.
I am not arguing that most start up's don't compare to what SPNG has done, in fact, you are making my point...
With as much success Spongetech has already had, there is no reason the stock should be this low and it needs to be addressed... there is a problem with the stock price, not the sales, revenues and good news...
but when you add up all the positives and bright future, nothing is priced into the stock, most people would argue fair value on this company could range between .20 cents low to average fair value of .40-.50 cents...
We are not even close to that.... hence why I say, we have a big problem with the PPS...
Company outlook... super duper AWESOME couldn't be happier...
Compaeny stock price.... very disturbing!!!!!!!!!!!!!!!!
That's all I am saying.... I am a long, but I have to voice that I feel that the PPS needs to be addressed by management.
Stock price needs to be healthy like the company!!!!!!!!!!
NSS'ing is not healthy.... if that's whats holding the price down, I believe management should fix it...
when the stock price reflects company value, the positive news will have a positive affect on the PPS.... we are not seeing that... and that is not healthy, in my opinion...
Trust me... I am long, but I am concerned with current PPS.
that's all I am saying... I am not hating on the company performance and outlook....
Carp, you are confused, 40 million rev isn't small, the PPS of .029 is small... Margins on that 40 million are not small either...
Carp, every good news that comes out makes the stock go down... So, you trying to say once we are a bigger company the stock will go up seems like nonsense!!!!!!!!!!!
What proof can you state that would have anyone believe you?
Raised guidance to 40 million, stock is down.
Viacom deal/Nick Spongebob deal... stock is still down from annoucement... this deal could push Rev's to over 100 million.
Ace hardware annoucement and 5 million from SEMA update...
If there is illegal short selling in SPNG, growing sales wont help.... Look 800% and a viacom hasn't forced a cover!!!!!!
So, allow the problem to get bigger is not a good idea.
I feel management needs to step up to the plate....
Talk is cheap, that's probably why SPNG is at .029.
We need action in my opinion!!!!!!!!!!!!
Good luck longs!!!!!!!!!!!!!!!!
with the low volume... a push at the end could get us moving... just my stupid opinon:)
doog, i agree and I have a lot riding on it:)... just hoping the plan is a really good one.... because, all the great news isn't helping. fundalmentals do look great, and sales...that's why I bought, I like the company, just waiting to love the stock:)