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No, what I am stating is you guys think the 10K is a moot point. The 10K will answer almost all of the concerns of the investigation. Maybe you should read my post again.
I know the facts. The 10K answers almost all of those questions.
1. Misleading PRs - well, if sales are correct in 10K then they werent misleading
2. Insider trading - 10K will reveal ownership structure and reveal any washed trades
3. Real customers - 10K will reveal customers and sales so if sales figures are accurate who really cares about who the customers are
4. If SEC allows them to resume trading on greys or any market, then it is not all that bad
5. Know your facts before you make yourself look like another uneducated basher
6. I reign Supreme
I agree, but I believe it will. If SPNG knew they were done, and the stock is frozen anyway, they wouldnt bother putting out a PR stating that they were confident the 10K will be in by the 16th.
First of all, if the 10K comes out and looks good, SPNG will get sponsored by a MM and get off greys in due time
Secondly, look at MGLG which just came of suspension yesterday. It is seeing trades at the same price it was before suspension. SPNG has much more support and revenue recognition than MGLG.
Bottom line, SPNG will be perfectly fine if 10K turns out half way decent
Those are the facts.
ctp93, i understand and agree with the private message you sent me
I am tired of the revenue argument. If you dont feel comfortable investing in a pre-rev company then dont.
Bottom line, ALL companies are start-up and pre-rev at some point. It is the investors that spot those companies at that stage that stand to make the most profit.
Invest in google or microsoft now and see how long it takes to make a 100% gain, let alone 1000%.
Bigger risk, bigger reward. If you cant understand or agree with that philosophy, you are on the wrong boards.
All basic information is gathered from somewhere but they have exponentially supplemented the knowledge base and technology. That is the difference and 3 years in doing so is not out of the ordinary.
I agree. I must have misread or replied to the wrong person. My apologies.
I dont know where you guys get your information but 6 months is not the barometer for start up companies. Many start up companies go years without making substantial revenues. Especially companies such in the alternative energy and pharmaceutical industries. It is called R&D(research and development). This is not odd one bit.
Let me clear this up....
BEHL doesnt need to have the capital OR materials on hand to build the 300 acre plant
Do you think contractors have all the cash or materials to engage in some of the large projects they take on? Of course not, it is not efficient to hold large stocks of raw materials.
It is called 'purchase order financing'
There are a lot of financial institutions, including most banks that will loan money with a deposit and proof of purchase order.
Therefore, they can get the loan in order to purchase the raw materials to build the 300 acre plant and the loan is paid back when payment is made by customer.
Do you really think junkies care where they dispose of their needles?
These same elderly people you speak of which you say will be the majority of users are going to travel to their local fire dept every week to drop off a bag of needles? ReallY?
Did everyone so easily forget why we are in this in the first place?
Longs are in because of the bright future of the products and company.
'
Shorts are in bc of a bill signing within 3 days!
You guys are acting like the SEC just put a suspension on them. When dealing in pink, the transparency was quite refreshing in my opinion
Look at this consolidation.... Somebody is buying up all the weak hands
Use your heads. They host a last minute conference call which tanks the stock price a few days before SB 486 gets signed. Read between the lines. Somebody is getting some cheap shares.
Call me Rose.
Which is why I only post facts. So, until you do your fact-finding and PROVE otherwise, you should do the same.
I have not and dont plan on trying. But in SPNG defense, especially given the fact they are such a young company, I would want to protect my client list too. To most companies, client lists are proprietary information that could have a detrimental effect on the company if released to the public/competition.
I am not on a huge fact-finding mission. It was a 2 minute google street view search which lists the names of the business in the building. Besides, have you ever tried to get a hold of a lawyer? Especially one that you are not even a client of? Good luck! I will leave the fact finding to the SEC.
Actually, I am from Illinois and these companies arent in the land of OZ. Secondly, nobody has been able to prove or DISPROVE anything so until then everybody needs to stick to posting facts and not just speculation or even downright lies.
No, I havent. That is part of the investigation. I only state facts though and was just combating the lies surrounding the fact that the companies and/or owners didnt even exist.
Which they should because any young company trying to grow aggressively will require outside funding. That funding will come from outside investments which are as readily available to SPNG as they would be to Coke or Pepsi.
Well, there were more buys than sells yesterday but was miniscule in the grand scheme of things considering the overall volume of the day. In case you forgot, the stock did rise 15%. Not too shabby. Right now, given the facts available to shareholders, they have created a base between .065 and .075. This is where both buyers and sellers feel safe until more facts are released. Until something more substantial is release to the public, I believe we will be in a waiting place. Something is going to give one way or another and when it does, it will be big.
If you read my post correctly, I did state the affiliation. Loss and Pavone, are listed as the OWNERS of New Century Media. Clear now?
And my point is that companies like Coke and Pepsi who already have years of worldwide name recognition dont have to. Besides, how did SPNG marketing turn into them pushing their stock? So, every company that mass advertises is pushing their stock?
LOL. You are comparing apples and oranges. You are comparing billion dollar blue chip companies with SPNG. Get real.
The only people who would actually believe what you are saying in this post would be people that have absolutely no knowledge of the securities industry. I hold my series 7 and 63 amongst others. Your bs is simply that. BS.
For you second post:
New Century Media Group
I just checked and the address: 1920 S. Highland Ave in Lombard is a huge office building. Within that building is Louis Pavone and Joseph Loss. Is called Pavone & Loss which is a law office. They are listed as the owners of New Century Media Group.
So, not only are you stating that if Spongetech is a scam that Metter and Mosk are risking going to jail but two well established lawyers are risking jail as well???? I doubt it.
Do your own DD. Here is the # phone Pavone and Loss: 630-424-1100
Most young, aggressive growth companies do advertise their company as oppose to just products. Its called name recognition and BRANDING. This is business 101. I dont see any red flags. I see very intelligent marketing steps taken by a company that intends to be a major market player. A scam company puts out massive PR to penny stock blogs in order to promote the stock, scam companies dont put out massive nationwide advertising campaigns to draw substantial attention to themselves if they were in fact illegitimate. C'mon, use some common sense!
What a smart trader realizes is at this point, it is not about charts, it is about pure speculation. Once you are able to differentiate between when to trade on speculation and when to utilize technical indicators, you will learn a great lesson...
That makes absolutely 0 sense. Why would the shorts want to cover now if they KNEW there was a suspension coming? If suspension came and SPNG gets halted or ends up on grey sheets, they would be able to cover MUCH cheaper. I cant stand all of this non sense...
"Security Law Violations" is general and standard terminology. Being investigated for a possible legal violation isnt designed to sound attractive. But cooking the books or publicly stating revenue that isnt real would be considered a "security law violation" so I still disagree with you. The investigation and audit are more closely linked than you may believe. I still do not find this to be a big deal. I hope the shorters and bashers had their day because it will be coming to an end soon.
Hey guys, just want to clear something up. The SEC investigation, although it has a bad ring to it, isnt all that bad. They are simply investigating the financials due to the fact their last accounting firm lost their accreditation. That is standard procedure. It has nothing to do with SPNG doing anything wrong. They are simply just requesting a re-audit and overseeing it. That is why it hasnt been made a big deal by the SEC. If for some reason they find that their old accounting firm was cooking the books, then it will be trouble. But, I dont think that is the case seeing as the hired 2 prestigious firms for the future. Once they come out clean by SEC and further release financials supporting the statements, SPNG is going to the moon!
Does anyone know what is happening with the legal disagreement that EESO and WOW Green are currently having? All of this partnership talk could be irrelevant if they do not settle this dispute.