Dreamgirl,
Well said...
"Virtual - keep dreaming BIG because spongtech is going to be HUGE!!!!!!!!!!!!!!!!!"
"Just for the fact it's a "green" company. Personnally I hate plastic bottles and will pay more for products to help save the Earth. And the fact our President is all for "going green" can only help us. I've seen stocks fluctuate based on what he speaks about."
Management getting the job done. And I, too, am averse to plastic containers in general. Supportive of a 'green' lifestyle as much as practicable. Additionally supportive of the current Administration. The clear thinking. Future generations being always considered.
Hale, et al….
The simplest reality being that the company's products are out there. In the marketplace. Being well-received. No amount of mindless, self-serving chatter going to alter said reality. Stating it plainly. The other consideration being the stock. The underlying venue. The associated mechanisms/machinations. The fact of our latest Close representing a gross undervaluation situation relative to company true value circumstance.
Time to achieve the senior listing. With SPNG being covered by Reuters Company Research…
'Spongetech Delivery Systems, Inc. (SPNG) 18 Jun 2009'
'Performance Rating: Outperform'
And...
'As used in this report, "Outperform" designates the companies that rank in the top 30% of companies covered by Reuters, "Neutral" designates the middle 40%, and the bottom 30% are designated "Underperform".'
And speaking volumes. Saying all same has to/needs to. The input of worthwhile analysts. And, yes, I've read the entirely of the analysis. Fundamental. Technical. Value. Operational. All of it. With the company's latest annual filing due in late August. My being willing to wager that, shortly thereafter, we'll be seeing 'Buy' and 'Strong Buy' ratings from a number of top-tier ratings services.
With raw share structure numbers telling never the full story. The crux being the freely tradable shares available to hit market level at any particular time/moment. And on that front we're good and getting better. The Authorized increases over time being about future considerations. The senior listing. The possibility of a hostile takeover attempt. SPNG being a choice takeover target. A simple need of room to maneuver. Should, for example, a merger or acquisition be the eventual route to leaving the BB behind. An exchange of stock. Value considerations relative to pps circumstance at the relevant time. The Authorized increases being not about decreasing shareholder value but, rather, about increasing same. In line with ongoing buybacks/retirements/cancelations. None of it being rocket science. Simply ignoring the incessant mindless yammering of our resident peanut gallery on the subject. A management team to be wholly proud of. Getting the job done. In a tough environment. Global economic reality. Trading venue reality.
And no. There came no official response to the recent manipulation. And we do have Mr. Moskowitz referencing market cap. circumstance during the Conference presentation...
(Paraphrasing.)
'$69 million market cap … about a month ago we were only about a $10 million market cap'
Making a distinct point about the earlier run-up to a High of $0.2851. Market level being of obvious great import to the bigger picture. The company being taken seriously by the Conference attendees, et al. And, so, why no formal addressing of the manipulation? Countering the criminality?
Management choosing obviously to simply let the dust settle. Well realizing that with what's in the PR pipeline that our recent High of $0.2851 will, very soon, be far advanced upon. As the SPNG bigger picture becomes ever more clear to all involved/interested parties. And from the Conference additionally...
(Mr. Metter during the initial Q&A.)
1_
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
2_
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ Right now we’re going to go there on the basis of what the stock is going to grow to. ]
The Q&A exchange confirming for us that we were right. When, that is, we earlier reasoned that the recent NASDAQ meeting would see management appealing to the common sense of the relevant Council. With official word on the subject to soon arrive based on word from company IR. What exactly the senior listing plan is. The outcome of the meeting.
But, certainly, management sees truly massive pps appreciation over coming weeks and months. The wholly understandable. And starting with our coming trading week. The technical telling the to-smile-about story. The fundamental additionally. What's, very much, in the PR pipeline. Management having smartly circumvented the manipulation fallout. Holding off on the industrial strength PR front until pre-manipulation trading dynamics returned. As they now have. The right overall sentiment in evidence. Common sense, once again, prevailing. Our coming trading week poised to see our recent High of $0.2851 far advanced upon. Market cap realities indeed.
(Mr. Metter again.)
"The time has come for us to move off the Bulletin Board."
As Dreamgirl so rightly said...
"Virtual - keep dreaming BIG because spongtech is going to be HUGE!!!!!!!!!!!!!!!!!"
And indeed.
None of us able to say it any better.
Targeted gross revenues of $500m plus. Giving P&G a run for its money.
Our coming trading week poised to put smiles on the faces of the clear-thinking.
Plain and simple.
AI
