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brikk: Will there have to be 8K's filed for the 350m loan and the various deal closings do you think as major events?
Doesn't the company have to file an 8K as the $350m and 4 closings are material events?
I do not understand your reply. Could you explain please. thank you.
Which part of your post are you referring to me?
Interesting. I am not in a position to determine if Warren Buffett is "an intelligent person" or not. I am neither a psychiatrist nor psychologist. If you are and can ascertain from TV interviews how bright he is I am happy for you.
What I do know if that Buffett is the 2d richest man in the World. And IQ or intelligence is not always the determining factor of whether someone is an astute investor. He developed patience and an investment style over a long time frame, and kept adding to his position in some great stocks, such as Amex, Coke, Wells Fargo, and many others. Berkshire Hathaway does not sell for over $100,000 a shares because Wallstreet things he is not an astute investor.
Lastly, I will repeat, I will wait patiently for spng to file whatever it is going to file. Because I accept the things I cannot change; I have the courage to change the things I can, and I have the wisdom to know the difference. I cannot change spng's time schedule!!
I have replied. And with that I will stay off iHub, as I do not like posting here as I just get deleted.
I have been told that some folks have owned shares for over a year or more. I myself have held stocks for a few years waiting for things to happen. The stock market itself, or spng or its mgmt. is not on your schedule or mine or anyone else's but whatever deadlines it has to comply with whatever filings it has to do. And at this point I do not know what dates these are. If you do you can elaborate. But, after the SEC stopped trading, maybe deadlines of whatever were loosened. I do not know. I have no idea what is going on I cannt see.
I do know this. I invested in this company due to its products and its potential, and its sales as reported in its 8/31 extensionh document, and in the Federal Court Pleadings in the trademark infringement case-- which I think are real. Dicon has added an entirely new dimension to this company. Plus spongebob -- just beginnig, and other Nick program items. Other Dicon products. Other retailer outfits to reach 100,000, etc., etc..
I do not know how much fair value is as we do not have any O/S figure other than 722m. But I love its sports ads, which are brillant. I am willing to wait for however long.
I do know this --- WARREN BUFFETT invests for the long term, not just for months, he holds stocks for years and that is why he is where he is. So, Feb, 9 months -- in Warren Buffet timelines is no time at all.
So actually how long have you held shares in spng??
YOu know if you are that tired of it. You can always just sell your shares and move on!!!
The vol. is nil because no one wants to sell at such low prices. Financials should come out when the company sees fit to do so.
BTW thank yoou naysayers for such a low pps as it has allowed me to buy more shares. A company with 200-300m rev. est. for 2010 and 60m profit, selling for 5 cents. What a country!
And I have heard various low estimates for O/S, so am looking forward for the filings.
And I almost forgot the Pike ppurchase of 142m shares. Daniel Pike is former analyst for ESL fund, Eddie Lampert, billed as the 2d coming of Warren Buffet. So, I guess if Pike is good enough to work for Lampert, he know a good deal when he sees it in spng.
SM & MM are still growing the company selling products such as spongebob, opening up new sources of sales. Long and strong.
yoda/stox: What's there not to like!!! spino
I posted correctly. The inference always seems to be negative for volume drying up. I was pointing out the reality and postive reasons, one of which is Pike's HUGE position in the company. Vol is drying up because they would not want to be selling now when Pike has so much confidence in company. IMO
And it is conjecture on your part ore so that no one is buying and that the price will eventually drop off further.
Pike Partners is such a strong vote of confidence for spng,this company, due to the credibility and expertise of Daniel Pike. And none of us on this board can match his expertise. His having worked for the person who is bgilled as the next Warren Buffet gives Daniel Pike's choices in investments GREAT credibility. IMO
Yeah, spng volume drying up. that means NO ONE wants to sell at these prices. Everyone is holding tight. I'm not selling. Others I know are not.
And why would anyone sell at this time? Pike Partners just purchased a 19% position in the company. That is substantial. Daniel Pike is a very astute financial person to have been Eddie Lampert's analyst in the ESL fund. 142 million shares.
That is a strong vote of confidence in spng. THAT is why there is no volume.
IMO
Oh by the way, as it pertains to spng, I noticed you communicating with no_BS. I do not know if you have talked to him or her much, but I do know that he or she has years and years or experience in high corporate financial positions with big companies, regularly works with the Big 4 accounting firms, and know how to read financial statements and analze them better than all of us put together. In My Humble position. And his posts are strictly informative with no axe to grind either way.
what is out there is that their products are just about everywhere. And that where any of the products are sold, that there are the highest satisfaction rates by all reviewers. That their ads are on radio, Nick TV for kids, and that the official roll out of spongebob probably has not even taken place yet, but the Spongebob sponge is selling everywhere.
The July purchase of Dicon for $4m is a goldmine of products, with 40 products of its own, which are now spng's. Also with purchase of Dicon, spng owns all patents to its technology.
It's "not" the sponges or soap, it IS the INFUSION process. Which can be adapted to any and all products. Including medical sponges for bacteria safe environments in hospitals, for kitchens -- sink, dishes,floor, etc; bathroom.
In spng's lawsuit for trademark infringement vs that spongeibles company, spng included included in its allegation filed in US District Court of its financial results for 2009, which coincide the numbers it has discissed. over $50m rev., and $11m profits. I doubt that SM wants to sign the complaint under penalty of perjury and have those numbers be wrong in Federal Court. And apng's attys -- who are the best -- would not allow any pleading to affect its standing with the Federal Court Judges.
I am confident on the outcome of spng. That I at least have to remain patient, wait for the filings to come out, and all this negative posting by those opposed to spng -- day after day, by same posters who have no position in spng whatsoever proves they are here for a reason that is not at all alteristic. These negative posters have their motives to keep hammering spng to force people to have doubts about their investment or get people to sell. IMO
I remain calm, have been a S/H fir quite a while, have not sold one share and will hold until they file whatever they will file. That is my position and comments about spng.
Daniel Pike was an analyst for ESL fund Eddie Lampert fund. THAT is the connection -- and Kmart, that is the connection. Daniel Pike is Managing Partner of Pike Capital Partners. It would mean that Lampert trusted Pike as his analyst., and Lampert swas discussed in the articles as the second coming of Warren Buffet. It's easy to look at it if you put the 2+2 together. In other words, Daniel Pike knows what he is doing, has experience, and his investment in spng was for a definite reason, and that Pike must thing highly of spng.
Hi. I think we who are definitely long get a little frustrated or carried away with our postiveness. Excuse us.
investigation of who or whom?
Maybe you could do that if you are interested.
I am content to wait until they come out. The fins. will come out I guess when the company is ready.
How do you know if any of these peo have anything at all to do with spng?
What are you doing?
sounds good.
Did you get the connection with this Eddie Lampert and Paniel Pike. Pike is Managing Partner of Piike Capital Mgmt., and was also analyst of the ESL fund. Eddis S. Lampert fund. Lampert is suppored to be the next coming of Warren Buffet. Now that would be logocal if Pike chose spng as an investment. that means spng has definitely influential and knowedgelable people investing in it.
Where IS your area?
Of course the products are everywhere. The point you just made is the point I was trying to make. Spng is everywhere in its market penetration. Thank you for your posts.
Thanks for the information. That's good news.
Maybe those who are trying to convince everyone that no spng products are on the market anywhere can travel to idaho and check stores there and report their findings.
Thank you, just asking to determine your reasoning.
I am sorry, but your sentence is unintelligible, not gramatically presented in a manner that I can understand. Please rephrase in simple English
Question: If you think the squeeze will hit the higher numbers you mentioned, then why not just put sell orders at those higher prices and forget about the lower prices?
Apparently spng has its own schedule of releasing its financials, when it deems fit. And we all just have to wait for that, if one has the patience to do so.
Thank you for your post. You are someone who has actually done DD and have come up with actual facts about M&M. These guys are involved in a lot of companies. Are wealthy outside of spng, and would have no reason, motive to do other than to enhance sharehilder value in spng. We all just have to be patient. If you are a long shareholder, that is not a problem. People hold stocks for years until things happen. Look at the exponential growth of this company. Forget about the present pps, as it is being controlled be forces beyond the control of the company. I am hoping that that swituation will change -- I am willing to hold until however long it takes. Again sponge digger great post.
I have replied to your so-called experiment, I have not heard from you to reply to me as to the points I made.
I did not say that. You are twisting my posts and words. Thus, I will not reply to you again, as you are not interested replying in a forthright manner.
I've always been pro spng. I am a S/H still holding all my shares. And I believe that what I said may come to pass. not disingenous if you express your honest opinion. I have no motives other than to see spng SUCCEED, not fail like many of the folks on here, posting untruths. IMO.
Where are you on this hypothetical spng hill? That should be the first question. And why should you care where others are? As long as you are firm in your conviction.
If you are from private industry then I would have to assume that you are astute enough to read others' posts to determine where the vantage point of each is? And what relevance is that anyway to the issues involved with spng? Its present, future, past?
The so-called "widom" of the crowd as you call it, especially on a public stock message board is that there is no wisdom. Anyone can and often is disingenous in their posts or positions on spng, and post with whatever motives thay may have.
Just my honest opinion
The company must have its own schedule of production and distribution of products, and the wait and see what happens approach would seem to be the best. I don't think I nor you nor anyone on this board knows what the company's schedule is. I'm patient just to wait. But, probably if you turn on the TV to the kids channels on cable that you will see the product advertised. You can always order it there, or on many other different retailer websites if you are interested in purchasing.
I guess the supply of spongebob will show up when the company decides to to supply the various stores. I don't think you will find out your answer on this iHub board from longs or anyone else. We do not know any more than you do. Just have to wait and see.
turn on TV channels that kids watch.
One near opus.