March represented the turning point. Market level coming off the bottom in concert with the PR parade. Starting with the March 5th Letter to Shareholders. And on to actual numbers presentment. Revenues. Cash flow from operations. Net earnings. So on. And from that Letter to Shareholders…
1_
Despite what many consider today's environment to be a worldwide economic slowdown, the sales momentum of SpongeTech(R)'s products has continued to remain strong.
2_
We anticipate meeting or exceeding our previously announced projected revenues and earnings for the current fiscal year ending May 31, 2009.
3_
We last updated the Company's capital structure to you on February 2, 2009 and at that time we had approximately 700,000,000 issued and outstanding shares of which RM Enterprises held approximately 480,000,000 shares. These shares held by RM Enterprises are (R144) restricted common shares of stock which legally can be bought back by only the Company itself. We have and will continue to retire as needed the remaining restricted shares held by RM Enterprises.
4_
We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within.
And on May 7th came the formal word of NASDAQ intent. Clearly stated intent that transformed SPNG. Whole new ballgame in evidence. With market level reflecting accordingly. No longer a case of the OTC typical. Of ongoing shareholders' deficit. Of empty revenues. Of cash burn. Of loss carryovers. So on. Trader's paradise reality.
It being now a matter of the operationally self-sustaining. Of fully operating status. A matter of value/valuation. And, thus, the reason why the sustained upside from the March lows. SPNG having transitioned in the most welcome of ways. No longer a matter of trading. A matter, now, of an actual investment. Full managerial intent being an easy enough read. NASDAQ ascension inclusive.
SPNG is no longer in the hands of the day traders. The company's registered MM's positioned for the long side. Not the short side. No looking back as management continues the obvious. A permanent end to being grossly undervalued at market level. A matter of value/valuation. Of true value. Current value and future value taken together. And from the May 7th PR…
'There can be no assurance that SpongeTech(R) will meet the NASDAQ Capital Market initial listing requirements, including, but not limited to a minimum bid price for SpongeTech(R)'s common stock.'
[ including, but not limited to a minimum bid price ]
It being patently obvious what exactly the market level objective is. The means. Not a matter of a consolidation. A matter, instead, of share structure and operational realities. Achieving a senior listing the right way. Making every effort. And kudos.
Going to be no shortage of SPNG millionaires.
The company being no longer a technical/trader's paradise play. Now it's all about fundamentals. A full and welcome transitioning with additional numbers presentment on the way.
Numbers building upon those that brought us off our March lows. Numbers presentment being the always answer. That which routinely drives the serious buy-side. Forward periods realties. That which truly counts. Revenues. Cash flows from operations. Net earnings. The related rest. All that it took to light a serious fire under market level.
Management poised to precipitate a pps commensurate with company true value circumstance. Achieving a senior listing. Making every effort.
Certain parties in attendance among us needing to get with the program. Seeing what it is that's transpired. Welcome transformation. Whole new ballgame. Time to go long. Making an actual investment. A fitting venue on the way. The welcome attention of worthwhile analysts. Much welcome else.
Continued accumulation yielding breakout with no looking back. Value/valuation reality. Shareholder respectful management getting the market level job done the right way.
When trading fits. It fits. When an actual investment fits. It fits.
Long perspective.
Plain and simple.
This one's headed to near-term trading levels far in advance of our latest Close of approx. $0.10. No two ways about it.
A little number crunching. A little close attention to detail. The big picture emerges.
Management continuing to step up to the plate.
Seriously green trading week ahead.
And on from there.
AI
