CM,
We'll take a little look-see. See if we can't, yet again, set the record straight.
And so...
(October 16, 2008 … Referencing Q1/'09)
'Net income for the three months ended August 31, 2008, was $1,076,053, as compared to a net loss of $10,261 for the three months ended August 31, 2007, an increase of $1,086,314.'
[ was $1,076,053 ]
And from the relevant filing…
Net income (loss) … $1,076,053.
(January 15, 2009 … Referencing Q2/'09)
'Net income for the second quarter of 2009 was $2,320,985, compared to $8,668 for the second quarter of 2008, and reflected significant growth over the same period last year.'
[ was $2,320,985 ]
And from the relevant filing…
Net income (loss) … $2,320,985.
(April 15, 2009 … Referencing Q3/'09)
'Net income for the third quarter of 2009 was over $2,250,000, compared to a net loss of $188,482 for the comparative 2008 quarter; reflecting exponential growth over the same period last year.'
[ was over $2,250,000 ]
And from the relevant filing…
Net income (loss) … $1,513,422.
Noticing that, unlike the prior periods referenced, management wasn't able to nail down an exact number. And again...
Q1...
[ was $1,076,053 ]
Q2...
[ was $2,320,985 ]
Q3...
[ was over $2,250,000 ]
Nothing deliberately misleading even slightly. Nothing untoward. Simply a matter of inability to state an exact number. With management's PR'd estimate simply proving up to have been a tad on the high side. And for any number of fitting reasons.
As simple as that. And will the grasping at straws never cease? The twisting of reality?
And not likely?
Onward and upward.
Carol, et al...
To-date we have the fact of a multi-bagger from the bottom.
From sub-$0.01 trading levels to a recent High of $0.2851.
The glaring truth readily escaping the notice of only those hosting no interest in seeing.
Saying all same has to/needs to.
It being in one's own financial best interest to maintain a balanced perspective. Seeing the big picture. Not getting too far ahead of one's self. Seeing things clearly.
And, so it is, we know just what to look for in the coming audited numbers. And relative to the talked about collateral we have a case of issuances complete with restrictive legend attached. Not a case of freely tradable. Not to mention the ongoing buybacks. The, thereafter, cancelations/retirements.
And, again, what we want is to know that the company's current approx. twenty-five SKU's continue to be well-received. Continue to be snatched up. And then factoring in additional SKU's coming on line. About to be released.
And again…
[ 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. ]
And from June 12th…
'SPNG ... is pleased to announced that the Company has secured approximately $6.4 million in new orders for the month of June to date. More and more retailers are beginning to order and carry various SpongeTech® products as the Company continues to nationally brand itself as America’s Cleaning Company™. SpongeTech® products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores.'
[ More and more retailers are beginning to order and carry various SpongeTech® products ]
“This is such an exciting time for the Company,” comments SpongeTech®’s COO, Steven Moskowitz. "Consumers across the country have been voicing their demand for our products; as a result we have been receiving new purchase orders from numerous new retailers.”
[ Consumers across the country have been voicing their demand for our products ]
'Moskowitz continues, “Our R&D team has been working on developing over 20 additional new products including a suntan lotion applicator, household cleaning mop, kitchen sponges, adult bath sponges and additional “character” children’s bath sponges. Now that we are being recognized as America’s Cleaning Company™, we look forward to introducing new and exciting products to our loyal customers in the near future.”
[ we look forward to introducing new and exciting products to our loyal customers in the near future ]
So we can expect to hear about the July numbers. Just as with the June such. Early in the proceedings. And ongoingly, as fits. With an additional twenty plus SKU's to be soon added to the company's product offerings. And then factoring in the recent penetration into Canada. Plus the recent Latin America marketing campaign.
And...
'The widespread acceptance of SpongeTech(R)'s products in the U.S. marketplace and the exceptionally high reorder rate from existing customers and new customers has resulted in the expanding of SpongeTech(R)'s marketing efforts into Latin America.'
Plus, of course, the recent marketing focus on the more than ten million members of Military dot com.
The coming audited numbers poised to be an exciting read. The Q4/'09 reality. With Q1/'10 poised to be truly eye-opening.
The tide having turned in more ways than one. As ongoing operations advance significantly toward self-sustaining realities and market level returns to fitting trading dynamics. Our coming trading week to see significant advancement upon the $0.12 area, as talked about. The bottom having been hit. With subsequent such weeks to see no less. To see continued advancement in line with the entirety of the aforementioned. Ever-strengthening numbers.
A pps in the $0.50 to $0.70 range by the time the coming audited numbers become available for the perusing pleasure of all.
The truth of America's Cleaning Company having emerged.
No shortage of SPNG millionaire$ by the time all is said and done.
Bidding a welcome goodbye to the BB. The mechanisms. The machinations.
A capable, competent management team getting the job done. In the absolute.
The bringing of value in line with having rightly changed company operational focus to product development.
From sub-$0.01 trading levels to $4.00 plus.
The shareholder respectful way.
Millionaire$ indeed.
Chatting with you later.
AI
