Thanks all.
And you're welcome.
TWF...
Agreed.
And, earlier, I presented a personal perspective regarding the 'NASDAQ puzzle' such that it would be a case of M&A. My personal take of the situation. That management would leverage the M&A route. And I'm still of that particular viewpoint. And for numerous reasons. Inclusive of what IR has told us about M&A being 'always on the table'. And because a 'creative' approach to same could keep things quick, simple and cost-effective. Mutual benefit. With America's Cleaning Company retaining all intellectual properties rights in full. Where the value is. Branding. And, certainly, we shall see.
I'm certainly no seer of kind, type or sort. But there's something about the whole of it that has me firmly of the opinion that we'll be playing welcome witness to a bomb of a PR. Telling of M&A discussions/negotiations having been entered into with an NCM component.
And doesn't mean that the 'fundamental-operational-squeeze play' route is out the window. Only that management is (ahem) covering all the bases. Looking at every available option. Simply the smart thing to do. And as our good friend 'no_BS_plz' wisely states as regards management…
"These guys are no dummies… ."
And indeed.
Not even slightly.
As capable/competent as they come. Not to mention shareholder respectful.
The 'NASDAQ puzzle'?
And we shall see.
Lupientr…
The increasing Authorized situation is all about increasing shareholder value. It's not the OTC typical situation. Dilution. Toxic financing. The ugly rest of it. The beauty of the situation being that management is applying their own money in bringing value to shareholders. Putting their own money on the line. And, very much, bringing value to shareholders. Themselves, very much, inclusive. With the best, by far, yet to come. A need of bearing in mind that market level, not so long ago, was at sub-$0.01 levels. Multi-bagger ROI. So no complaints. Serious paper gain.
And, additionally, the Authorized bit of business lends itself to an M&A push.
And Mr. Metter…
'It should be noted that on March 10 we petitioned the State of Delaware to increase the 'authorized' common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.'
[ future acquisitions, shareholder dividends, or other corporate purposes ]
[ shareholder dividends ]
And Mr. Metter on May 8th…
'Our balance sheet and cash positions have greatly improved due to the increased sales of our products. We do not expect to have any dilutive financing in the near future.'
[ We do not expect to have any dilutive financing in the near future. ]
The Authorized situation being, again, about enhancing shareholder value. Not negatively impacting such.
All being well.
The bunch of us couldn't be in better hands.
Holding tight.
William...
The OTC is what it is. Hosting the myriad companies it does. With it being a very tough row to hoe to take a startup to fully operating status. A need of applying equity in doing so/attempting to do so. A vicious cycle of issuances and consolidations. Standard operating procedure. The OTC typical.
But not here. Not the typical but the atypical. Nothing self-defeating. Nothing toxic. And if it does come down to a reverse split? Well, by the time all was said and done America's Cleaning Company would be an NCM component. Trading at $4.00 or above.
The post-split reality wouldn't be about the BB.
The split would be the final step in ascendance.
NASDAQ listing.
There's none of us can say exactly how management will proceed in the 'end'. And many posters to this board have presented compelling viewpoints on the subject. The agile-minded at work.
But, simply enough, we'll know when we know. And one thing we can say is that relative to the original plan of the 'fundamental-operational-squeeze play' we've heard nothing formal about any intent to deviate from same.
Having to wait and see.
The M&A approach and all.
It being all about long-term success however one looks at it.
America's Cleaning Company.
SpongeTech
SPNG
A target of one hundred SKU's by EOY 2011. Knowing that the best is yet to come.
And Mr. Moskowitz from the NFE Conerence…
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. Basically, we have about twenty-five products now. We should have one hundred by the end of 2011. The better products are still yet to come. Because we wanted to make sure, before we got into the cleaning of the kitchen and the bath ... we tested it out in cars and we tested it out on dogs before we started dealing with human beings and people in the house. So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
[ The better products are still yet to come. ]
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
The best is, indeed, yet to come.
And as for market level…
'Michael Metter, CEO of SpongeTech(R) comments, 'The management team feels that these mechanical steps to reduce the outstanding number of shares will be a positive step in changing the current trading pattern of our stock.'
'COO, Steven Moskowitz adds, 'The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock.'
There being a distinct need of a significantly higher base from which to launch. Not to mention the distinct advantages associated with a fitting pps relative to an M&A push. So on.
The PR parade to continue. The impetus from the inside. The faithful longs continuing fighting the good fight. The bottom having been hit as of the 29th. The tide having unequivocally turned. The technical signaling strength.
Our coming trading week to be one to smile about.
Back to earlier dynamics.
On to a fitting value/valuation.
Far in advance of the $0.12 area.
[ The better products are still yet to come. ]
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
Holding indeed tight.
AI
