PM's,
Thank you.
And you're welcome.
And yes, A 'black' Thursday of sorts. A party/parties, yesterday, becoming aware of the latest Authorized increase and leveraging same as per 'black' Friday. Short positioning coupled with the standard FUD routine. But, this time, a far greater degree of clear thinking afoot. Not (ahem) falling for the manipulation.
On Thursday, June 11th we closed at $0.2350.
On 'black' Friday, June 12th we closed at $0.1700.
A change of ( 27.66% ).
Yesterday we closed at $0.1464.
Today we closed at $0.1295.
A change of ( 11.54% ).
And, no, we can't seem to catch a break. The 'black' Friday antics coming at precisely the worst moment and 'black' Thursday the same. Just as the major markets/exchanges emerge from their recent funk. Would've been a green day if not for the games, as usual, routine.
But not to worry. As cooler heads will continue to prevail. Tomorrow's session seeing green. Shorts forced to cover. With our latest PR's telling the story. Being entirely complementary. A, seemingly, record month for new orders. A welcome push into Canada. A new marketing agreement entered into. The type of partnership contractual that underlies 'record' months.
None of it being rocket science.
And speaking of?
Well, the Authorized increase/increases. With the mentioned "mistake" being a reference to an earlier Authorized increase which involved a clerical error of sorts and a whole host of confusion additionally. The posting shenanigans getting seriously underway following the sharing of an e-mail reply from Mr. Moskowitz...
'Steven Moskowitz Email
"were getting it corrected sorry for any confusion"
Thank you,
Steven Y. Moskowitz'
The whole of it being a nonissue.
And ever ask yourselves why -- if it was management's intent to ongoingly directly hugely apply equity -- said management doesn't simply massively increase the Authorized in one fell swoop? As opposed to multiple smaller increases over time? Saving time and money. Why not simply raise the Authorized to, say, 5b and be done with it?
There being a number of fitting reasons behind the Authorized increases, yes. Those talked about. Takeover attempt. Merger. Acquisition. So on. But the overriding consideration is that said increases relate primarily to what's legally called for. Maintaining, that is, a ready pool of equity in line with agreements entered into over time. What are generally referred to as 'reservation of shares' considerations and 'contingencies'.
And following the SPNG bouncing ball, via the company's filings, one notes that the ongoing increases to the Authorized come in concert with new agreements being entered into over time. A variety of such. Marketing, so on. With no shortage of associated NDA's (Nondisclosure Agreements) in evidence.
And, were the associated full detail available to us, we would note that equity is part of the picture. But indirectly. Not directly. Equity underlying said agreements in the form of potential compensation should a default(s) occur relative to called-for monies changing hands.
A number of understandable reasons behind the ongoing Authorized increases but, primarily, a matter of what's legally called for. A ready pool of equity in line with the full potential of issuances underlying agreements entered into. Should such be called for. And inclusive of employee stock incentive plans and such. The full issuances potential. A situation in constant flux. And, certainly, it's understandable that equity is being leveraged in achieving the longer-term growth/expansion goals.
It being not about direct application of equity i.e., massive dilution. As, any such, and average daily volume stats. would be far greater than is the case and market level would collapse. And remain collapsed. Having never seen the prior run-up.
Simple common sense, and the empirical, speaking (ahem) volumes.
And let bail whomever wishes to. More power to them. May they succeed elsewhere. In SPNG management we have, in the absolute, the capable/competent getting the job done. Bringing value. Building a very real company. An empire in the making.
The Authorized increasing in line with legalities. The contractual, etc. The Outstanding count decreasing in line with urgency in leaving the BB behind. Achieving the senior listing.
None of it being rocket science.
All being well.
The longer-term reality being what it is. Senior listing. Massive ROI.
Management having made it clear, some time back, that the Authorized situation relates to what's called for legally. And there are, in fact, no shortage of OTC startups proceeding in a similar fashion. Or, otherwise, being in a default circumstance. Covenants breached and such.
SPNG = the real deal.
Holding tight being a no-brainer.
And thanks again.
General…
Subpoena?
Sure. But no need.
All being well.
Green tomorrow. Shorts getting hammered.
Onward and upward.
Jack...
Supposedly, we have massive quantities of phantom shares having entered the picture. Some 500m and counting. With no associated empirical evidence whatsoever in support of any such. None. Not so much as even a single response to my earlier challenge regarding the graphical. And no mystery there.
With the company's new TA being an 'opt-in' vs. 'opt-out' situation. Many TA's liberal with detail unless a client 'opts-out' via a gag issuance.
Not a major concern. The Authorized increasing as talked about. The Outstanding decreasing as talked about.
With my personal perspective being unchanged. That the senior listing will be achieved via M&A. A bomb of a PR to soon arrive.
Market level soaring.
No shortage of SPNG millionaire$-to-be.
Onward and upward indeed,
And thanks.
AI
