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Whatever floats your boat, but consider owning some SPNG and holding onto them for the fireworks.
I own 1 Million shares, so I would love to see you and many others buying. But in all honesty, I think you will look back 10 years from now and say why on earth didn't I take a position with that stock, or a larger position than you may have? This is set up for a rare happening, watching the MM's bow down and PAY UP! Only 2 or 3 companies in this territory that have the ability and know how to abuse the MM's when all the ducks are in a row. This week or next, the ducks should be in a row, I hope? JMO
I think most of us would tell you the MM's are trading shares that do not exist at this point. Thus making for the fun that is about to begin when the company drops a dime on them. They'll be sucking up shares on the way up and will eventually be negotiating with the powers to be to settle their debt and cover. JMO
Wadi and some other staunch SPNG supporters have posted similar comments as these by Wadi earlier today. Read this, especially #7. GREAT job Wadi, thank you for taking the time to explain to folks.
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Posted by: wadirum1 Date: Sunday, December 07, 2008 8:03:08 AM
In reply to: bigtuna177 who wrote msg# 24840 Post # of 24907
Bigtuna,
Since you are looking at the fundamentals, think about some of these other key points:
1) There was concern in Sept because the accounts receivables ballooned on the 10K. Well, most of the revenue was recorded in the last quarter of fiscal 2008. In Q1 of 2009, they not only collected "every penny" of the A/R on the books from end of 2008 (according to Moskowitz), but then they REDUCED the ratio of A/R to revenues in the explosive Q1 2009. Utterly amazing performance on this key metric for a start-up.
2) Some may worry about RME dilution. However, note that SPNG holds OPTIONS to buy back the RME shares at cost. Thus, if this option is exercised, then 660M of the 800M or maybe 900M shares are essentially an interest free loan. (See recent PRs and the July 8k)
3) The company is guiding for 40M in 2009, with the SAME NET MARGINS as in 2008 (i.e., about 20 percent). But this guidance is solely based on orders shipped or signed orders as of a date prior to the Viacom/NickJr announcement -- and that is explicitly NOT factored into projections. (See PRs and the radio spots)
4) IF the company does 50M in 2009 at 20 percent margins, and if the share count is really 200M, then we are looking at EPS of 5 cents/share (twice the current share price). They are saying that 2010 will "dwarf" 2009... (quoted from PR)
5) They claim to be in talks with a major kitchen/bath company. And they claim to be in talks with 2 pharmaceutical companies. Any of these 3 ventures is apparently going to blow away the kid sponges, which are themselves supposed to blow away the car sponges. And don't rule out rumors in prior IHUB posts that they will be selling the pet sponges in PETCO.
6) Why is this gem selling at 2.5 cents? There are several reasons. First, it is not clear that they can get sufficient funding through RME (we have not seen RME's books) and it is not clear the RME shares will be bought back. Some have alleged or hypothesized that RME is dumping tons of shares into the market despite management's statements and filings suggesting this is incorrect. Second, and probably more importantly, the stock is very heavily shorted.
7) The shorting may prove to be an unbelievable gift. It enabled me to buy millions of shares at an average of 2.4 cents. Plus, it has enabled some MUCH larger positions to form. The BMAS buyer probably has 75M shares, and the Furth group is probably over 100M. The shorts may very well have been CORNERED. Indeed, they may have been cornered TWICE, so that they will need to negotiate with both groups before we find a maximum price.
All we need is a catalyst in the form of a major strategic move of some sort to light the fuse. With this board as GIDDY as it is, I suspect we might be almost there, but I frankly do not mind waiting another year or two if the return is as good as I think it will be. Maybe I got in too soon and maybe I will have to wait a lot longer, but I really think there is no point chasing other stocks when this looks so good. I have therefore put my entire trading portfolio and a good chunk of 2 IRAs into this one stock and will hold it until something very substantial makes me change my mind.
All just my honest opinion.
Wadi Rum
And I'll counter with, WHAT FLOAT?
Do your due diligence as fast as you can. You do what you like, but this is about to be scorching hot, jmo. 99% of pink/otcbb stocks are meant to be flipped off momo, just 2 or 3 of these cheapie stocks are worth holding onto. You run into so many CEO's that are clueless, fortunately we have a GREAT stock on our hands here, at least I do.
I like it, but doubt we will all be on board to see this a few years from now. Why wouldn't someone come and scoop them up since they have so much future growth and income potential? Let's wait and see what the company plan is to force a squeeze this week or next.
Let's hope this is the week for blast off!
Can anyone try and give an educated guess for this National Retailer announcement? We have all been waiting a long long time now. I love the stock & CEO, but the waiting for this announcement is getting very old for me. I know we are going to have a great year ahead, but damn.
I think I'm the only one on this board not speaking with Furth or Steve. Amazing how many people said they spoke with one or the other in the 3 weeks I've been here. I guess I'm a slacker, lmao.
That dump is still there and open. Come on WNBD, we have a bundle riding on you. In all honesty this is a one horse race, so we only need patience, jmo.
OMG, Worldwide WNBD Domination makes me think that hammock in Hawaii is coming sooner then I thought, lmao.
I would like Eric to update his expectations for the company. I mean by year end 2008 which phase are we in? By end of 2009 what phase does he expect WNBD to be in, same with year end 2010. I have my own guess of where we will be at year end for 2008, 2009, 2010, but always nicer to hear from a CEO you trust.
Hey Folks, a lot of us are in spng which is bringing in big big bucks. But don't you see WNBD bringing in at least as much or much higher in warp speed as we get into these national retailers? MM's will never be able to hold WNBD back a year from now, especially after CEO/Eric institutes his buyback.
I can't help but wonder what the MM's can be thinking after watching BMAS buying so many shares all this time without selling. How much has BMAS accumulated to this point, like 70M or something? Seems odd they haven't let go of this a while back and started covering.
If you can't get family friends or neighbors to buy stock, at least get them to buy the detergent and stain removers. Give them one of each for a present and maybe they get hooked after seeing how good they are?
EVERY SINGLE SHAREHOLDER BETTER BE BUYING THESE PRODUCTS TO USE AT HOME, AS SOON AS THEY ARE AT A STORE NEAR YOU.
Same for Wadi & Carpe
I LOVE WNBD and hope you are remotely close with your prediction on national retailer announcement. I don't see that at all, but sure hope so. Ask the MM's what they think and how high they want to let her run. JMO So many factors out of our control no matter how good the news is. The really big thing will be factual numbers, growing profits, buyback to really make this take off. But we will be complaining about MM's and NSS for at least a year or more. They have a way of setting up road blocks in pink land. VERY FEW companies have the ability to break free, fortunately this will be one of the very few. We know Eric is getting us set up in numerous locations, so big sale numbers are coming for all of us, green months and years ahead.
As TJG told me 18 months ago, just buy buy buy. So that's what I've been doing, accumulating shares. Hope to add to my pile after another stock I own pops this week or next week.
Go WNBD & Thank You Eric!
Thank You TJG for telling me about this gem named WNBD 18 months ago, very much appreciated.
My new good buddy Wadirum, you must have had a couple strong cups of coffee for that post, lol.
I THINK alot of people are hurting themselves for naught trying to explain all this and figure out where we are going from here. Just wait for PR this week or next week and that should make our thought process much simpler with SPNG? Am I alluding to a squeeze off a big PR? Yes I am, as the company stated in their PR, that was released recently. A tiny bit more patience and we should all be handsomely rewarded. Any newbies to SPNG better hurry up and get on board while you can, cause this ship is leaving the dock very soon. JMO of course....
That was one big azz nutshell, lmao.
As the economy worsens, we may find more people buying more of our sponges and washing their own cars, compared to $12 drive thru car washes or whatever? Just a thought....although when we get news, hopefully this week, it may alter the future plans depending upon what scenario you believe is going to play out going forward for this company. Buy buy buy
Grandkids are 1 1/2 and 3 1/2 yrs old, I now have an excuse to pop in cartoons when they come, lol. I loved watching cartoons, they need to learn to watch some Tom and Jerry, Wile E Coyote, Foghat Leghorn, lmao. Boy do I miss Foghat/SlowRide, lmao.
Can I ask a dumb question? You guys should be used to that by now, lol.
The companies with sales people that are going to be distributing our product into retailers, do they know about HD or Walmart contracts for any product before the investing public? Just curious, sounds like one of us should get a job with them, lol. I suppose they would make the salesperson sign a confidentiality agreement if you did know impt info ahead of time, before investing public?
lmao, lmao, good one.....
No freebies or bailouts around here! Work hard the old fashion way, "YOU EARN IT". A Lost Art, that's what's wrong with this country.
I owe you a big thank you PS! Soapy told me you really did buy me a gift subscription. That was nice, real nice, does level two come with that? lmao, Boy I'm bad huh? I didn't want you to think the good deed went un-noticed!
You went right to the top of my good list on that one.
You do not own SPNG as of yet Scup?
Would be nice to get past and stay past that dreaded .0070 mark.
I hope I'm saying that about 70 cents in 2009/2010, lmao.
I sent you an email, did you find it yet? I was reminding you about the night I walked in and caught you and Q in bed together. LMAO, sleeping sleeping, nothing else! Quack!
Soapy what will you do if we all get rich and run away? How would you survive without us? If SPNG scores shortly, then we can all move to Winning Brands thread right? lmao....
I guess that was worth repeating MM, lmao.
Well hello neighbor!
Ancient Holiday I agree with all of this except the Barbara part, lol. Your numbers are exactly what I'm thinking also, hope you are correct.
Trusting Him you are always welcome on my hammock lil girl!
That was a great episode, lol. My favorites are the Soup Nazzi, George in the Shrinkage episode and lastly the one where the dog barks to much and they drop him off up in the Catskill Mtns of NY in Monticello NY which is where my office is and go to work everyday.
Cuban?
Hey MoneyMan, meet Klausby, he is a buddy of mine, partner in crime. Just smack him around and say it was Wrinks fault, he'll understand.
Klausby please get back to scrubbing that firetruck so you can buy more sponges. Not the kind from Elaine on Seinfeld either. lol
For real, post away? What did I do? I never hear about joy being spread here, only blood, lol. Well now I stand corrected, I feel special, thank you Premier Stocks. You can have my first born for that, I'm begging you. He is finally out of college, but the debt is still there, you can have that to. lol Poor kid, if only he knew I tried to give him away after I just signed off LOVE DAD in that email 5 minutes ago. lol, lol
PS-you serious about posting away? Crash won't like that, I'll be a pain in his keester, lol.
I hope SPNG change is going to be a whole letter better change than I'm expecting from the new guy coming in. Where is Ross Perot when I need him? Probably searching for Dolly Parton to keep his ears warm this winter. lol
Free gift subscription to what? The parlor with the ladies in the frilly dresses?
I'm really annoyed at you two this morning, you've made me kill 5 of my 15 freebie posts for the day. If you continue on I'll be all out of bullets my noon and then you two can fight in peace.
Wheres the barmaid at, need another whiskey here and a sasparilla for Crash since he is on the job. lol, lol
Wrinks luvs you Crash, he knows you are only doing your job spreading joy to the IHUB family this Christmas Season, ooops Holiday Season. Can't say God Bless you anymore, has to be bless you, can't say Merry Christmas anymore, WTH. This country is going all to hell in a hand basket, where is that whiskey at darnit?