Anyway back to the business. I know this has been discussed many times already today. This conference was a true testament to exactly whats going on with SpongeTech. Obviously this conference and presentation was meant for certain groups that have a lot of money to spend. This video however is applicable to ANYONE who watches it, does some really good DD, and makes a choice to take a position no matter how big or small.
We've already entered a phase where there are a certain number of people who simply aren't going to be happy unless the stock gains multiple pennies every day, week, etc. The goal is to make money and that is pretty much understood. What some people may not realize is this conference, and the actions that management are taking are to ensure the continued growth of the company, and not to make small time daytraders and psuedo longs happy every day.
If you can watch this video and take in all of the things that Steve and Michael are saying, realizing just how huge the potential is for the company, and still not think that this is a stock worthy of holding for a longer period of time ... then you missed the point of the presentation all together.
25 products slated to come online in the next year or so. 100 products by 2011. Steve mentioned that some of the upcoming products they expect to be even better sellers than the ones we already have.
So go ahead and flip the stock if that is your strategy, hold it long if that is your pleasure, but understand that SpongeTech is bigger than our little group of investors here, and they intend to grow this company into a household name.
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