Pros and Cons
Pros
Real products that work (Product of year at last year car show)
Heavy advertising, mail, newspapers, radio, and TV.
Advertising directly with companies that I have to believe do some background check to allow them to associate their name with
(New York Yankees, Mets, Knicks, Red Sox, Rangers and Nascar).
Have to believe Viacon did some DD before signing and releasing a contract to the public. Viacom has got to believe that SPNG can deliver, and is able to provide a product that will not tarnish Viacom image. As they say, you can alway buy more advertisement but having a world recognized image (Sponge bob) PRICELESS.
All those small time investors that have sampled SPNG products have reported back strong positive feedback that the products do what they say they will do and were satisfied with them.
Sales not limited to US markets. Currently selling in other parts of the world.
A GREEN product in a world that is GREEN conscious.
Not a one hit wonder, many many markets in which to succeed.
Cons
Management constant news with little change of stock price give the impression of a pump and dump.
25,000,000 shares trading a day is around $100,000 dollars changing hands. Not real heavy trading.
Gag order of TA reduces confidence in management.
World market in recession, investment money is hard to come by.
Not afraid to spend spend spend money on advertising.
