InvestorsHub Logo
Followers 19
Posts 1999
Boards Moderated 1
Alias Born 07/20/2006

Re: crashman post# 133180

Thursday, 07/09/2009 5:02:26 PM

Thursday, July 09, 2009 5:02:26 PM

Post# of 346917
You numbers are way out there. Save your typing and your mathimatical skills for the professionals. There was dilution, there was a new issuance of preferred shares and an increase in the common shares. I don't even know why I'm on this board. This company is going to be flagged by the IRS when it's time to pay them, It looks like this company is cooking there books in my honest opinion (The CFO can show me there account receivables and if there clean, then I'll shut up), another name for cooking the books is by doing the famous lets count the sales anyways even if they don't pay to make it look like a profit(It's easy to see when there A/R gets inflated and there cash decreases or doesn't move). There going to have to write there A/R or profit off some time or another because there paying income taxes on it. Maybe the CFO has a scheme were he issues shares to pay the income taxes, who knows, the books don't look clean to me. When they do write it all off, the share price will collaspe very hard because it looks like the share price as of now is inflated by alot.

The stock price how ever is very volatile which I like. I'd hate to be in this stock when the news comes out on my streamer ::DJ::SPNG: Spongetech vs. the SEC.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.