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Re: None

Wednesday, 06/17/2009 12:27:03 AM

Wednesday, June 17, 2009 12:27:03 AM

Post# of 346919
PM's,

Thank you.

And you're welcome.

And thanks to the rest.

On the valuation question...

We need bear in mind that we're talking about a proprietary technology...

http://www.spongetechs.com/v/vspfiles/technology.asp

It being the patents, pending patents, trademarks and the related where the company's value lies. Intellectual properties. The popularity of the products based on the company's technology.

And should a multinational corporation show interest? Buyout overture? SPNG will be valued in terms of intellectual properties realities and, operationally, in future terms. Rate of growth/expansion.

A buyout offer at a massive premium to market level.

The company having developed valuable relationships at both the wholesale and retail levels. Relationships relative to production additionally. Meeting demand. Some plants to soon be in operation 24/7. The company's asset base growing/expanding. Gross margin anticipated to grow exponentially. Cash flows and net earnings accretion. So on.

SPNG heading rapidly toward fully operating status. Being operationally self-sustaining. Cash flows from operations.

A choice takeover target.

The NASDAQ folks understandably impressed. Audited numbers reality. The latest operational, etc. detail. But unwilling to bend the rules/regs. And same is understandable. And we were on our way. Market level ascending in line with company true value circumstance. Until the bottom fell out. Criminal behaviors. And I know how I would feel were I running the show. How management feels.

The Thursday meeting having come and gone. Well-received but no concessions. M&A time it being. Managerial focus on gaining a NASDAQ listing in the absence of wasted time..

All the bits and pieces -- all the relevant detail -- painting a clear picture.

The talked about PR('s) in the offing. M&A discussions/negotiations having been entered into with an NCM component. SPNG vaulted to listed status. A worthy NASDAQ component growing/expanding rapidly. All the advantages that being listed offers.

A mutually beneficial bit of 'creative' clear thinking getting the job done. Quick, simple, cost-effective. All involved parties winning. Longer-term goals achievable with market level soaring. The eventual effect of applicable multiples inclusive. As the definitive is achieved.

And recalling from the Conference presentation...

(Mr. Moskowitz regarding the buyback.)

"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."

And with no end of counterfeit shares being created? Abusive shorting behaviors? A buyback? Simply throwing money away? Were the claimed NSS abuse factual? Market level would be in the cellar. Unable to escape. Boxing routine.

SPNG NSS = pure fantasy.

Trading pattern simply doesn't support it. Not even close.

All the way to $0.2851 with a Ten-Day Average Volume well under 200m.

And no worries on the TA front. All being well.

This board, unfortunately, having devolved to gutter level. The Friday fallout having far-reaching consequences/effects. A once pleasant read but no more. Too much mindless drivel to wade through. The gutter trash of the world having, sadly enough, arrived in droves.

Time to call it a day.

Simply holding tight while awaiting the arrival of the mentioned PR('s). The follow-up definitive. SPNG well on its way to long-term success. Going concern reality.

Market level soaring.

The sought-after ROI.

And nice to know that our misguided friend DarkLady reads my posts.

wink

All the best to all.

May we all of us, and ours, live long and prosper.
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