Getting the NASDAQ nod will send market level into orbit. Getting the listing application approved.
And once official word is provided, the process includes symbol reservation, three business days' notice prior to trading commencement desires, provision of certain documentation involving registration of securities, etc. Happens quickly since SPNG is already a fully reporting entity.
And what an entity.
Cash cow situation. Business model of the century. Our talking not only massive revenues but massive cash flows and net earnings. Plus the expectation of gross margin expanding in line with revenues and earnings accretion. The impact of synergies and economies of scale realities. We're talking the opportunity of a lifetime. Golden ground floor opportunity. Second to none. As good as it ever gets.
Empty revenues being the OTC usual. And where the value in, say, $10m in period gross revenues relative to $15m in expenses in generating same?
A little perspective going a long way.
Revenues of worth being one thing but in the case of SPNG we're talking truly huge cash flows and net earnings additionally. Not just a 'squeaking by' situation.
Management succeeds in getting the NASDAQ nod and market level, courtesy of en masse institutional interest, will be $6.00 plus. Applicable earnings multiple inclusive.
Only, indeed, a complete fool would exit at this point. Or, if not yet a shareholder, continue to sit on the fence.
And, certainly, management hosts extraordinary salesmanship skills. Very impressive. Small wonder that the company has grown/expanded as it has. Is as successful as it is. Retail space and all.
Products with mass appeal. From discount shops to the biggest retail chains.
Huge ground floor opportunity.
Before all hell breaks loose. The market level breakout we've referenced.
One way or another management will see the company listed. And this Thursday?
Well, here it is again…
(May 7th, 2009)
'SPNG ..., announced today that its Board of Directors has voted to seek a listing for SpongeTech(R)'s common stock on the NASDAQ Capital Market. As part of this process, SpongeTech(R) will prepare and submit an application for a NASDAQ Capital Market listing. In addition, SpongeTech(R) will undertake the corporate actions necessary for SpongeTech(R) to meet the quantitative and qualitative requirements for the listing application to be approved. SpongeTech(R) currently meets most of the financial listing requirements with the exception of stock price.'
[ meets most of the financial listing requirements with the exception of stock price ]
And management? The salesmanship? The ability/capacity to get the job done? Approval, in and of itself, getting the pps appreciation job done?
Well, we talked about it.
Little more patience and we'll know.
But it WILL happen. One way or another. And when it does?
Smiles all around.
Massive ROI.
AI
