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FYI boys and girls... get a grip... The declaration of 41million shares is a beginning not an end.... Think of this as a chess game. Ok, funny thing is "the shorts" who normally roll over the little company "SPNG", just another OTC joke player.... Now, after betting against them... They have just found out the player is Bobby Fisher. Now, they say, oh no!!!, but instead of giving up, after risking all this money, they are going to battle to the end... Now "bobby" aka SPNG, needs to start moving all their pieces into position.
Let me take you through the steps...
1. Sell a patented product that could change an industry.
2. Market product through extensive advertising.
3. Brand themselves into Americas Cleaning Company.
4. Build relationships.
5. 50 million buyback.
6. Management provide fiancing.
7. Closed deal with Nick/Viacom, a major player.
8. Increase sales, deliver real results. Up'd guidance to 40million, that does not inclue Viacom/Nick numbers.
9. Nascar and Howard Stern, real players!
10. Extensive sports advertising.
11. Major investor declares he's sitting on 41 million shares.
I would say the chess match is far from over, I see SPNG setting up for a checkmate in the near future...
The shorts are on the losing side of this game. They can only hope the longs get tired of waiting... but then all they do is save some money from the weak longs...LOL..
The real players are not selling in my opinion.... they have done their homework, they know that SPNG is going be pulling in Rev's over 100 million soon and that management has a game plan and will reach checkmate..
good luck... I will sit back and pick up some more shares... I don't have 41million, but someone who does isn't risking that type of jack on a "i hope this company succeeds..."
my opinion...
MM's unfortunately are working with the shorts... not management....Oh well.... can't hold a good thing down forever
They don't post on IHUB either.... so if we added their shares over here... We going higher:) One of them won't touch a message board...LOL..
Nope... :)
yes they are:) they've picked up just over 3.1 shares today:)
Believe what you want. LOL... Buy low sell high... If he has information that shows a huge NAKED short, has invested this much time and money, I would say he's smart enough to exit when he makes the most money on his investment.
If you owned a Lambo you picked up at a sheriff's sales for 10,000.00, and you know its worth 100,000. You could of course flip it for 20,000 tomorrow, but I think you wait for the buyer who is willing to pay fair value... very simple... This guy isn't stupid...
HUGE EXPOSURE AT PET SHOW!!!!!!!!!! People love their PETS!!!
Spng delivers!!!!!!!!!
Crash, Doug has stated numerous times that he is not selling, many people never believed that he had that many shares. Also Doug has stated they are continuing to buy because they know they have the shorts trapped.... you might want to pick up some shares... if you want to make some money.... good chance in my opinion.
good morning.... I am very excited to see todays action.
I wonder what type of volume we will see tomorrow. I was thinking about selling my Cobra and loading up on more SPNG, I see a Lambo in my future:) LamboCorleone will grow on me...LOL
well, a squeeze to 3.00 could help them getting uplisted. I have heard from several people, that certain shareholders will not be selling... The shorts will have to cover the fake shares, and some people will just not sell to them...LOL...
Oh well... when you play with fire, you might get burnt...
Too bad spongetech doesn't have a medicated sponge out yet...
When you can account for more than the tradable float, those shares are Naked Short Sales, aka Phantom shares... do a google search, you'll find some good info on that. VW just went through a squeeze, many people will say the squeeze with spng will be much higher based on amount of phantom shares in play. Doug and Management, and whomever BMAS is buying for know this, management has claimed many times their stock price has been manipulated.
I am interested to see if management is going to PR they have bought back 50 million shares? Game over...
Crash, you might want to pick up some shares at this price... should be good days ahead for SPNG
Well, I can't see them selling them for under 1.00:) they will probably let the squeeze go further, probably 3.00 before they start selling... they would be foolish to sell when they have helped trap the shorts... Doug said they were over 100 million and continue to buy as the Nakeds continue to dig their grave deeper.... don't count on them selling soon... he's invested a lot of time and money on this play... this may be a once in a lifetime investment...
Word is spreading quickly....
This would be funny.... PR tomorrow... Spongetech is pleased to announce they have bought back 50million shares.... Shorts, Have a nice day!
Heck yes, the buyback is complete in my opinion... Dropping bombs... LOOK OUT!!!!!!!!!!!!! No way Doug drops that before they finish the buyback in my opinion!!!!!!!
Wad, yes... I think there are so many ways this could play out.
That's why I continue to buy shares when money permits.
I can't see a company that has this potential with management not thinking of the opportunities that the current PPS offers.
Not too mention, alot of companies are looking for work. Getting a deal from Spongetech would be a blessing in todays economy... apparently he has notlooked outside, everyone needs work....
What happens if a group private investors goes in and buys the float three times over? 300,000,000 shares roughly. 7.5 million?
Said group of investors then goes and gives Spongetech the line of credit they need to fund operations and buyback all RME shares....
Just curious what might happen... Oh yeah, this all happens while there is a gag and no one has a clue...
Top that off, a major US retailer is announced, a major US retailer for the auto is announced.
Mark Cuban wrote an interesting article about dealing with NSS'ing...
All of the above is just speculation.... I have no facts, nor any information something like the above could or would ever happen.... I felt it was fitting considering people are speculating a reverse split...
Good luck longs....
If you build it... they will come.... SPNG is under construction right now... IMO.... once guidance up'd to 75mill to 100mill... she's built... IMO...
I believe M. Metter owns the radio station... Pretty cool in my opinion that a CEO keeps in contact with shareholders... You know if M. Metter never spoke, everyone would be complaining why doesn't this company keep us up to date. Spin it however you want, I think it is a good thing.
Spongetech stock very similiar to their products....
When you squeeze them both, you will be happy with the results.
Good luck longs!
I would say to that email posted... if it was an attempt to bring the stock down or shatter the spirit of longs into selling, it didn't work, infact probably backfired, as volume was not impressive and the stock price barely moved...LOL...
I would say to the longs... that is a fairly positive sign... I would have been surprised if a docuement posted on a message board would create a sell off... but others claim paid bashers do create selling pressure from bashing, so you never know...
Regardless, if it was an attempt to see how the longs responded, I'd say, sorry shorts... you are in for a fight...
Just my opinion...
WPO, I don't disagree, but think of me like Fox News.. "I report, you decide" LOL...
The main reason I posted; is the breakdown of tradable shares, alot of people are pounding the dilution drum. If the numbers Steve M stated are correct... that would indicated a NSS problem, which many believe as well as the company has indicated via PR.
Now our last I hub total was around 50 million shares... so that post appx 50 million not accounted after company buys back, doesn't seem to far fetched... add the other 2000 investors and there could be a severe NSS problem as management has indicated....
Interesting numbers, poster claims numbers came from Steve, I've read his other posts and would appear to be a true long who is holding 2million shares and apparently Steve said he could post it... here we go...
OK boys and girls I just got the figures and I will for ward them to you. These are real and up to date as of this minute.
809 million shares out, minus 653,349 million restricted that will be bought back by the company and will not be floated.
155 million 651 thousand shares floating without the 50 million buyback. That comes to 105 million, 651 thousand shares floating when the 50 million buyback is completed.
The company estimates over 100 million shares are naked.
Spongetech will now start dealing with the stock price and thanks the legitamate stockholders for being patient.
The company could not deal with the stock manipulation until these major contracts were secured because they were afraid of the effect it would have on the major contracts they were in the process of having signed.
Going forward in the near future. They promise that the stock is their next major focus and will deal with the manupulation. We are about to engage in an effort to stop the erosion of the stock price.
AFTER THE BUYBACK: 105,651 MILLION SHARES FLOATING. ALL OF THE REST WILL BE BOUGHT BACK BY SPONGETECH.
if the company knows there is 100 million plus shorts, don't they have to pay the divendend? LOL... that would be funny... especially if issued it at .01...hahahaha...
Just got off the phone with Bill Young. The doc is a hoax/fake and it is not real. He said I could post this and will be returning phone calls.
I just spoke with Bill Young. He is not aware of this agreement and he will checking into this matter and I will be calling him later to get an update, he reiterated that the RME shares are restricted and cannot be sold.
My take would be maybe the shorts are getting scared... good news for longs... I will update when I get any other information...
mackbry, I am ready... the price looks right... hope they come soon... someone needs to run these shorts out...sooner than later imo...
If you look at that agreement, its not for that many shares. I am guessing its fake. But still, why post it?
Someone quickly called it a fake, but checking the signature would be helpful... Very strange something like that gets posted, either shorts are desparate or something... any ideas?
I dont know, someone posted it on yahoo, it looks like a agreement that RM is selling shares, I wanted some clarification as I know yahoo can be seem as more jokers..
does anyone know anything about this or what it means? or if it is legal?
Has anyone ever heard of Mazuma Holding and why is RM selling shares... I am going to assume this is a fake... can anyone confirm? I've never heard of Mazuma.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=63817&tid=36353&mid=36353&tof=1&frt=1#36353
I am long, but I am not sure what to make of this.. I would guess management might want to clarify what's going on.
Any thoughts... Someone posted this on yahoo... this doesn't look legal... but who knows what's going on.
release date... basically whatever they want to accomplish, they would have to disclose in that report, hence, they would need to have it done before the report is released... that's what I took from the conversation..
Turner, I also spoke to Bill yesterday.... He must tell people alot of different things... because the time frame I heard was before then... Basically from what I got out of the conversation was, they needed to do something before they released next quarterly report... Please note, he didn't give me any specific date nor specific information, I am just saying that from our conversation, my take was before next quarterly report. I personally don't put much weight into what an IR person tells me, its his job to make me feel good about my investment. I have yet to talk to an IR that said, man, you are probably going to lose money or the stock is going to stand still for 1 year, you might as well collect interest on your money and come back in one year and reinvest.. LOL...
Food for thought... Anyone think the company is allowing the price to trade this low for a reason? Did anyone see BMAS backing off the bid today? It appears to me, more waiting games are being played... Like, ok MM's bring it down, I am waiting to buy these cheap shares... LOL... How long are the NSS's going to keep selling fake shares when they know there are buyers waiting... LOL... this is pretty funny...
GG, I spoke with Bill Young today, the gag order was to blind the shorts from what steps the company is taking to solve the NSS problem. Yes, Bill stated they believe there is Naked shorting, we had a long discussion about this. I wasn't given any information that anyone else couldn't get by picking up the phone and giving him a call. He claims the shorts want the information I have been asking for...
Good luck... Once again... Company is stating through their IR that naked shorting is occuring...
I wish the tally of IHUB shares had total... and how many people have cert's... I would venture to guess the number of cert's being held is quite low.... just a guess, I haven't asked for mine.