Thanks for the replies.
The kind words.
The answers being always in the details. It paying, always, to remain calm and rational. Thinking clearly.
VD…
Time to calm down. Getting a grip. Focusing a wee bit. And we'll start with the fact of the recent NASDAQ meeting. The uplisting connection. And, with same in mind, we'll recall a little something shared with the board as of June 19th...
From: James Stone [mailto:jstone@mycvc.net]
Sent: Wednesday, June 17, 2009 10:44 AM
To: susanu@corporateevolutions.com
Subject: James L. Stone-Concerned Investor
Susan:
My name is James Stone and I am currently an investor in SpongeTech. I know you must very busy so I will get right to question. Last week SpongeTech was supposed to have a meeting with NASDAQ about SpongeTech moving to a higher market. I haven’t seen any news about this meeting and was wondering if you could perhaps enlighten me on what you could?
----------
James,
Once we have formally submitted the application, I anticipate we will have a release updating everyone.
Susan U
Corporate Evolutions, Inc.
111 Great Neck Road
Suite 300
Great Neck, New York 11021
ph: 516-482-0155
fx: 516-482-6099
You really do need to calm down. Thinking clearly. The following of the SPNG bouncing ball being none too difficult. The answers being always in the details. And, yes, I remain steadfastly convinced that M&A will be the answer to the senior listing. And if an acquisition? And, indeed, SPNG won't be doing the acquiring. SPNG will be the 'target'. A little 'creative' thinking. As talked about. And if a merger? And, again, the 'creative' variety.
And yes. The listing is essential. Urgent. We need leave the BB behind ASAP. The constant abuses at market level. And management will succeed. One way or another because the long-term success of the company depends upon it. And, most assuredly, management hasn't invested as they have, to date, only to let the Bulletin Board's ever-present gutter trash crowd win in the 'end'. Undermining all.
Any material company event, such as discussions/negotiations relative to M&A having been entered into, and we would know. SEC rules/regs. Regarding full and fair and timely disclosure. Of the material. So we know that, as of this writing, there is nothing formalized re M&A.
Not yet.
(A material company event being defined as an event likely to directly impact market level in either a negative or positive manner.)
While application of equity, as earlier discussed, adds up. Fits the proceedings precisely. Leveraging as called for. As opposed to jeopardizing the company's asset base as an example. Our well knowing that RM Enterprises has played a significant role in SPNG meeting obligations over time. Knowing, additionally, that management has personally financially sacrificed in light of the associated cancelations/retirements. Sacrificed for the long-term good of the company. And kudos.
With RM Enterprises fading, eventually, from the picture. As SPNG's cash flows situation continues to strengthen. The coming audited numbers going to be an interesting read. The quality of earnings issue fading. Earnings solidified as the effect of synergies and economies of scale kick in. Self-sustaining operations achieved. Sufficient cash flows from ongoing operations to dismiss all obligations. No more a need of RM Enterprises. Of application of equity.
Our knowing that the fiscal '10 marketing budget has been increased to the $20m area. A new agreement coming as of today. The marketing variety. That which is proving up so hugely in getting the company's products out the door. Speaking for itself. The marketing success. ROI. The reason behind the increase.
And a bomb of a PR in the offing?
And my vote says yes. Major league material company event (pun intended). With market level soaring.
With our coming session to see green. The shorts getting hammered. As, once again, the SPNG truth emerges. Cooler heads prevailing.
And do try to calm down. Some folks simply lacking the temperament necessary for successfully dabbling in the flighty world of equities. The shark-infested waters.
An investment in SPNG being a no-brainer.
The building of a very real company.
The making of an empire.
The longer-term goals achieved in line with a senior listing.
And Mr. Metter...
"The time has come for us to move off the Bulletin Board."
To put it mildly.
Do indeed calm down. Do indeed stay tuned.
All is well.
AI
