Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

You're welcome.

And thank you.

PM...

A tad confusing? And, no, not really. Going back to the 2005/2006 area we're talking…

NASDAQ National Market
NASDAQ Small Cap Market

What I use to call (respectively)…

NAZ Senior
NAZ Junior

And today we're talking…

NASDAQ Global Market (Senior)
NASDAQ Capital Market (Junior)
NASDAQ Global Select Market (formed to host top-tier companies)

Albus...

Charts don't lie. Only self-serving miscreants such as 'The Dean' and T. Sykes do. And out-of-the-gate we did see another walk-down. Followed by what the technical signaled. The solid upside to a High of $0.1650.

The trading dynamics having changed. The day traders back in the picture. Many folks just generally skittish. The Friday antics serving to undermine. And any of the folks directly involved in the manipulation could very well be the next person any of us meets on the street. Friendly smile and all. And a hell of a world, hmm?

The market level aftermath will wash out as our trading week progresses. Back to the pre-Friday dynamics. Out of the clutches of the day traders once again. The underlying fundamentals ever-strengthening. Operational reality. With the market level crux at this juncture being the listing. Attaining the NCM. With our knowing that, fundamentally, SPNG would be well-received by the relevant Listing Council. The meeting. Coming as no surprise. Management having painted the picture. Only pps circumstance standing in the way. Being the primary roadblock.

The gist of the situation being that said Council, despite SPNG's resistance to the global economic downturn, isn't willing to bend the rules/regs. regarding pps requirement. Management coming away from the meeting with M&A in mind. A merger or an acquisition. And it would be interesting to know management's stance regarding a possible buyout. Should the P&G folks, for example, make an offer. One that fits. Would management be for or against? Shareholder value considerations? Such an overture, after all, sending market level skyrocketing. And being far from out of the question. Entirely realistic as discussed.

SPNG = choice takeover target.

Current managerial focus being M&A. Merger or acquisition. One or the other. The likeliest scenario being as earlier discussed. Approaching an NCM component going to be open to a mutually beneficial deal. A 'creative' merger or acquisition. Quick, simple, cost-effective. And were we, let's say, to very soon be on the receiving end of a PR telling of discussions/negotiations having been entered into relative to M&A with an NCM component? And market level, again, would skyrocket. Green and more green.

The overall situation better now than previously. Achieving the NCM via uplisting being a long, drawn-out process. Necessary pps and all. But the M&A approach? And a far different story. An entirely welcome story. Time being of the essence. Escaping the BB. The manipulation. Successfully achieving longer-term goals.

Management needing/having to wait for the meeting with the NASDAQ folks. Seeing what came of it. Being not focused on M&A considerations prior. But now? Different indeed. Post-meeting reality. Now focused on M&A considerations. And in light of the distinct need of the listing? Successfully achieving longer-term goals? Being essential? Urgent?

There being no moss growing on management whatsoever. Being not about to procrastinate. To waste time. The meeting over and done with. SPNG well-received but with no concessions. A pps roadblock.

The reality being that an M&A discussions/negotiations PR could hit the wires at any time/moment. Management's way of countering the Friday criminality. No time being wasted. And the ideal time, it is, to be getting on with the M&A show given the economic downturn. Numerous NCM components being entirely open to listening. Entirely receptive to any such overture. Mutual benefit. SPNG having a lot to offer. Being no fly-by-night outfit.

Buying and holding.

Time for a listing. Plain and simple. All that same has to offer. Essential. Urgent. Market level skyrocketing.

Previously, the push from the inside relative to a permanent end to the grossly undervalued situation. A supra-$1.00 pps circumstance in line with achieving the NCM via uplisting. But no more. It striking that the Friday antics changed all. Management intending to counter via the discussed M&A. Releasing a bomb of a PR('s) and on to the definitive. Listing. Successful deal. Happy management. Happy shareholder base.

While on the technical/candlesticks front we have a case of a lot to learn. But in (ahem) short it has to do with volume and the Close relative to the Low and High of the day. It being a lengthy, time-consuming task to explain in detail via a post and so I'll take the liberty of providing you, instead, a couple of fitting links…

http://stockcharts.com/school/doku.php?id=chart_school

http://en.wikipedia.org/wiki/Candlestick_chart

It paying to learn.

Bearing in mind that what the technical signals can see little follow-through as a session progresses. As in today's case. The Friday fallout to consider. Day traders. Skittishness. Choppiness. Major markets/exchanges lackluster. So on.

Management, doubtless, has formulated a plan. To counter the Friday antics. The fallout. Overcoming/transitioning via a bomb of a PR('s). M&A discussions/negotiations. Followed by the definitive. Successful deal.

Onward and upward big time!

Buying and holding indeed.

Shareholder value indeed.

And on the TA question?

Any public company being entirely at liberty to hire/fire same at will. Or to entirely forgo. A public company acting as its own TA. Maintaining the necessary records. The relevant department. TA services being a dime a dozen. Nothing special.

The central point being the relevant SoS (Secretary of State). With whom the necessary documents must be filed. Stock consolidations. Changes to the Authorized. Articles of Incorporation amendments. Retirements/cancelations. So on. The TA updated down the line. A need of understanding. A gagged TA, in SPNG's case, being a no-brainer. Discussed at length.

And being "new" you need be cautious of this board and similar others. The misinformation. The disinformation. And how many folks offered up a unique viewpoint/'opinion' relative to the Friday goings-on? And can all be accurate? How many of same making it clear that what was posted was indeed personal viewpoint/opinion? How many others being far more convinced? And yet misguided?

And massive abusive shorting?

And dreaming on.

The ongoing trading pattern, inclusive of volume, spelling out the reality.

And, so, treading indeed carefully. Educating one's self. Taking little at face value. Thinking clearly. Being not lazy. Winning in the end. Money in the bank.

With some interesting PR's in the offing. What the overall picture does paint.

Buying and holding indeed.

Money in the bank.

Indeed.

Young…

NHGI/PROT (Azurel, Ltd. by charter)…

'MICHAEL METTER was appointed President of Azurel in October 2002, a position he held until the appointment of Mr. O'Grady in February 2003. Mr. Metter was the Chief Operating Officer for Azurel until his resignation on June 28, 2003.'

And noting how well market level did during Mr. Metter's tenures. Collapsing only after others took his place...

http://www.nasdaq.com/aspx/chartingbasics.aspx?intraday=off&timeframe=10y&charttype=ohlc&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&symbol=PROT&selected=PROT

And speaking volumes?

Hmm?

WPEC…

'Mr. Metter has served as director since February 11, 2003.'

[ director ]

And...

'Our Company's board of directors has determined that at least two audit committee financial experts are serving on our audit committee. Mr. Metter and Mr. Fisher, are financial experts and are independent as that term is used,,, .'

Nice try.

But no cigar.