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$EVRY
I say up we go on Monday. Everyone should read this article about ongoing developments at Anchor Hocking:
http://stks.co/q0V7X
Gotta live the tone in first couple of pages... :)
Expect positive press release and article on BIEL and BMGP from prestigious Biomedreports newsletter tomorrow AM-they moves stocks higher-Joe
http://twitter.com/jnoel701
SpongeTech Sponsored Dinara Safina Autograph Session @ US Open Pictures...
http://www.usopen.org/en_US/news/photos/2009-09-04/200909041252092169222.html?glryid=2009-09-04%2F200909041252043508703#photo_start
They are "Introducing IntelliTech DRYZ..."
New Product, More Revenue, More Profit = HIGHER PPS
Go SPNG GO!!!
P.S. SpongeTech banner is all over the center court @ US Open 2009 (Sharapova vs. Oudin)
Get your free Stain Remover Pain from Green Bridge...
http://greenbridgeindustries.com/shop/index.php
NXGen Holdings, Inc.'s Subsidiary Green Bridge Industries to Launch SpongeTech
http://www.reuters.com/article/pressRelease/idUS202796+29-Jul-2009+PRN20090729
I assume spongetech will get something out of each sale (its free now, but it won't in future).
NBP, think it this way. If 11M is pre tax profit, then why company explicitly mentioned "net profit" instead of "pre tax income"(pre-tax income was referred in last PR i suppose)?
But like you said, 11M is a solid number :) Nothing to argue over. We have no where to go but way upp!!! Only thing missing now is the "Outstanding Share Count". Once it reduced, we will skyrocket. No doubt.
Go SPNG!!!
I think PPS should move up tomorrow. Only missing information now is the outstanding share count. From profit point of view, we got a pleasant surprise today (11M Net).
If you have any extra cash, get in now before it;s too late. I am all in with 124K position.
Long and Strong!!! Go SPNG!!!
It's not just 10M to 11M net profit, its more like 10M PRE-TAX profit to 11M NET PROFIT (I assume its after paying taxes)...
Go SPNG!!!
few "random" responses from "Moskowitz"...
1). "Actually not most e mails were about us open on espn 2 tonight that people saw our sign most people know you have till 9 8 2009"
2). "Its not late till 9 9 2008 but it will be filed this week"
3). "that's the earliest it could be put out"
These responses raises lot of concerns over the authenticity of the email address "symoskowitz@msn.com"...
ohh well, time will tell.
Go SPNG!!!
Email response from Moskowitz....
"Its not late till 9 9 2009 but it will be filed this week"
Sent from my Verizon Wireless BlackBerry
-----Original Message-----
From: ***** ****<**@**.com>
Date: Tue, 1 Sep 2009 02:00:18
To: <symoskowitz@msn.com>
Subject: Update on 10K Filing?
Mr. Moskowitz
I am a proud shareholder of SpongeTech and holding roughly around 124K position. I am sure you might have got the emails from many investors like me to inquire about the 10K that suppose to be filed TODAY. It's neither been filed nor any press release from the company regarding the DELAY as mentioned in the PR from July 20, 2009 (..."The Fiscal Year 2009 and the 4th Quarter numbers are expected to be released in its Annual Report on Form 10-K at the end of August 2009."...).
Here is the link of PR: http://studio-5.financialcontent.com/ir/?Module=MediaViewer&GUID=9472837&Ticker=SPNG <http://studio-5.financialcontent.com/ir/?Module=MediaViewer&GUID=9472837&Ticker=SPNG>
Don't you think that company should atleast notify the shareholders if there is any delay in the filing? Can you please inform me on the actual filing date (if not already filed today)?
Thank you.
What are the implications on short term PPS if 10K is delayed?
I think 10K will hit the wire any moment now. If there was any DELAY in the filing, company would drop the word on extension etc... but since there is no communication from company, i would bet on 10K will come TODAY!!!
Go SPNG!!! Long and Strong!!!
Add my 124K to the list... long and strong :)
SPONGETECH WONDER: Sarah Fisher Beats The Cold By Climbing Five Positions At Chicagoland
JOLIET, IL Aug 29, 2009 — Sarah Fisher Racing’s (SFR) Sarah Fisher finished in the 14th position under the stars at Chicagoland Speedway tonight, after beginning the race in the 19th spot. It was a chilly night at Chicagoland Speedway in Joliet, Ill., as Fisher raced her No. 67 Dollar General car across the finish line, with new sponsor SpongeTech.com.
http://www.catchfence.com/2009/press/08/30/sarah-fisher-beats-the-cold-by-climbing-five-positions-at-chicagoland/
Last 10K was on Aug 29, 2008 (Friday - was last working day of august). This time also it should be on Aug 31, 2009 (Monday - last working day of august).
Question is when on monday? Premarket, Market hours or After market?
OT, If you follow the volume pattern and compare current trend with the spike we had in June its preety much identical. If all goes as per plan, Monday we should have a huge spike in volume. Lets hope that we don't have to deal with panic selling on monday. Holding my 124K position long and strong!!!
I'm epxecting a huge spike around .30 ranage and if 10K fulfills the promises made by company, sky is the limit.
God bless all!!! Go SPNG!!!
Tomorrow we go up around 0.21-0.22 range since we yet to get the momentum in terms of volume (comparing with June run). But i would say, Monday will be a day to start celebrating. We might test 0.25-0.35 ranage on Monday.
Upon the content on 10K on monday, we will run up/down next week. But till Monday we should be safe.
Go SPNG!!!
Instead of 0.1(911)... we need 0.(911)
Break that 100Mil mark...and up we go!!!
Where is the volume? I guess it will come in last couple of hours to drive the price up to 0.20+
(Still way under valued at this PPS)
we need a POP now...
Facts and Valuation Guesstimate!!!
(1) SPNG announced they will be purchasing Dicon, which according to the company supplied them with roughly half of their products. By purchasing their supplier, not only have they gained control of important patented technology, but they will be able to reduce their cost structure by being the supplier of their own goods.
Assuming SPNG was previously purchasing half of their products from Dicon and their projected revenues are $190 Million in FY 2010 and assuming a 54% gross margin, they would have paid roughly $44 Million to Dicon in CGS. Assuming Dicon operates at 50% Gross Margins, this means SPNG will save $22 Million in CGS.
However, we need to also add in plant and overhead costs from Dicon, which I estimate to be $18 Million. The net result is an increase in net income of $4 Million through the purchase of Dicon.
(2) Mgmt intends to buy back stock such that o/s shares drops to 500 Million.
As a result of these two events, here are my updates using the same projected revenues of $190 Million:
Revenues: $190 Million
CGS: $65 Million
Gross Profit: $125 Million
EXPENSES:
Salaries: $27 Million
Advertising: $27 Million
Other (Dicon Overhead): $18 Million
Total Exp: $72 Million
Net Income: $53 Million
Income Tax Exp: $18 Million
Net Income: $35 Million
Shares Outstanding: 500 Million
Diluted EPS: $0.07/share
Assuming a valuation of 12 to 18 times earnings: PPS Ranage is $0.84 to $1.26
Shares Outstanding: 722 Million (As of April 2009)
Diluted EPS: $0.048/share
Assuming a valuation of 12 to 18 times earnings: PPS Ranage is $0.57 to $0.86
Shares Outstanding: 1.5B
Diluted EPS: $0.023/share
Assuming a valuation of 12 to 18 times earnings: PPS Ranage is $0.27 to $0.41
Shares Outstanding: 2B
Diluted EPS: $0.0175/share
Assuming a valuation of 12 to 18 times earnings: PPS Ranage is $0.21 to $0.315
where is the volume?
@50 cents now.... up we go!!!
10Q is finally filed!!!! Monday will go back up without a doubt.
Where is REBOUND?
Bid size 999900 @ 0.0003 vs. Ask size 999900 @ 0.0004.
Battle Begins!!!
2009 Bio International Convention
Cell Therapeutics, Inc. Presentation @ 10:40am
http://convention.bio.org/templates/default_page_template_8.aspx?id=1435
Hang on folks!!! Great NEWS on the way.
I am not selling my POS evenif it hit $4 tomorrow. Waiting for atleast $10.00 before i change my mind.
Just hold your position till you hear buy out!!!
Guys....Get in for the space shuttle tomorrow morning...
Pixantrone Data Leaked!!!
http://74.125.155.132/search?sourceid=navclient-ff&ie=UTF-8&q=cache%3Ahttp%3A%2F%2Fwww.iguanabio.com%2Fpixantrone-databy-popular-demand%2F
0.024 just printed... up we go.
0.0236 just printed... up we go.
Here comes the NITE...
0.0275 just printed... SPNG heading up north!!! I have no doubt this will hit 0.03 and above (in next couple of days if not today).
UPDATE 1-NY Fed says bought $10.2 billion in MBS Jan 5-7
UP WE GO!!! BIG GREEN DAY TOMORROW!!!
http://uk.biz.yahoo.com/08012009/323/update-1-ny-fed-says-bought-10-2-billion-mbs.html
NEW YORK, Jan 8 (Reuters) - The Federal Reserve Bank of New York said
it bought $10.2 billion in mortgage-backed securities this week as it
launched a program to lower home borrowing costs.
The purchases are part of a $500 billion program announced by the central bank in November as a way to
help stabilize the U.S. housing market, which has entered its third
year of a downturn. The MBS -- issued by Fannie Mae (NYSE: FNM -
news) , Freddie Mac (NYSE: FRE - news) and Ginnie Mae -- have rallied
since the Fed announcement, sending yields that influence consumer
rates sharply lower.
The average fixed 30-year mortgage rate dropped for a 10th consecutive
week as of Thursday, to 5.01 percent, the lowest since at least 1971,
according to a Freddie Mac survey.
The total purchase was in line with market expectations, which were
for an amount slightly below the $4 billion per day average if the
full $500 billion were to be deployed, said Matthew Peterson, a trader
at RBC Capital Markets in New York.
'We always thought they would start slower,' said Peterson, who added
the MBS market held steady after the announcement. 'They don't have to
spend the entire $500 billion, but it's there to be spent.'
Freddie Mac mortgage bonds accounted for $6.9 billion of the
purchases, the New York Fed said on its Website. The Fed also bought
$2.9 billion of Fannie Mae's MBS and $450 million in Ginnie Mae
securities.
Yield spread premiums on bonds in the $5 trillion 'agency' MBS market
have plummeted on the Fed buying and expectations the central bank
will sustain the program. The Fed is also buying up to $100 billion in
unsecured debt of Fannie Mae, Freddie Mac and the Federal Home Loan
Banks, which may also boost demand for MBS or boost direct lending to
banks.
Yields on Fannie Mae MBS paying 4.5 percent interest have dropped to
3.82 percent from near 6 percent in early November, according to
Reuters Pricing Service. The premium to benchmark 10-year Treasury
notes has collapsed to 1.37 percentage points, the lowest in four
months, from 2.26 percentage points in mid-December.
(Reporting by Al Yoon; Additional reporting by Chris Reese; Editing by
James Dalgleish) Keywords: USA FED/MBS
what is happening here? am i missing something here?
bid - 0.15
ask - 0.38
what's going on with the ASK here? Its 0.0006?
I am watching the forum regularly, its just nothing encouraging is happening with WRNW since quite some time. To me good production numbers will be better option for pps to go up rather than team/cementers deals.
We been hearing since months about the deals and nothing is happening with those. Very disappointing.
Just hoping for the best to see if something is still left in WRNW.
So today's PR means we are done with DVFI? And all we did is "wasted 6months for nothing".
And yeah, what about the financial from past six months for those leases?
No mention of any of the deals, is added bonus
WOW!!!
Great Job WRNW Management.