Thanks, as always, for the positive comments.
Together, we win.
Many agile minds acting as one. Getting the job done. Overcoming all of that which is routinely posted and routinely misguided. Be it a matter of the self-serving deliberate or simple ignorance.
Alex…
True story.
In the beginning I was by no means convinced of the existence of the phantom shares position. Having read the posts on the subject but being wholly unconvinced and posting in opposition accordingly. Noting that neither the current regulatory environment nor the trading pattern were supportive of any such. Latter day goings-on. The turning point coming when a little something irrefutable was shared with me on the private side. A little something pointing to the very strong likelihood of a phantom shares position in the 200m area. With any additional such shares being unsubstantiated at this point. The details to soon come.
An 'entrenched' position being what we're talking about. Created long ago. Prior to the current regulatory environment being fully in place. The point at which management became serious on the buyback front. The involved parties, very seemingly, so outrageously audacious as to have contacted said management in a brazen attempt to 'legitimize' their criminal activities. And is there an MM('s) directly involved? Or simply acting as a conduit(s)? And we can't say.
What we can say is that management is determined to fight back. To not tolerate criminal behaviors. And kudos. With the crux being to reduce the Outstanding count to a/the level that clearly exposes the reality to both the DTCC and SEC. And an expensive proposition same is. Not to mention the general expense otherwise. The legal costs, for example, in getting the job done. Not going to come cheap. The DTCC and SEC involvement and all. We're talking significant overall expense. But well worth it when all is said and done.
And earlier we said/asked…
"And whether management turns to M&A as the means of achieving the senior listing, we can't say. But does relying on the MOASS, in concert with operational and fundamental realities, as the means of achieving the needed initial listing pps represent a truly sound approach?"
And all we can say is that there has come no formal word telling of management having abandoned their original thinking.
And, so, a great expense. And we acquired Dicon in an all-cash deal. Big bucks. And we talked about no associated debt or dilution for the parent company. And is same entirely accurate?
Well, relative to no dilution we have the clearly stated (see below) in the relevant PR. But as for debt? Well, no, we can't say with absolute certainty. Our not knowing the actual source(s) of the involved cash. But what we can say is that had management entered into, as an example, a debt-based financing arrangement with a third party/parties, we would know. As any such would represent a material company event. Calling for full and fair and timely disclosure. SEC rules/regs. And additionally we have…
(Mr. Moskowitz)
"The growth of the Company has given us the ability to acquire Dicon without dilution."
[ growth of the Company ]
And additionally...
"We believe that this acquisition places SpongeTech® in an excellent position to maximize the value of our Company and its future."
[ maximize the value of our Company ]
And, so, is management thinking buyout? And my money says yes. Management maneuvering to attract a fitting buyout offer(s). NASDAQ intent and all. Providing all involved a major league serious return. NASDAQ and buyout. Management, after all, are promoters. Promoters who hit upon a golden opportunity and are making the most of that opportunity. Doing a more than admirable job. Cash cow bliss and all.
Building a successful public company and then selling same. Megabucks. Massive rapid return. And why is it, do you suppose, that those startup operations that Microsoft routinely targets are so eager to comply?
True value circumstance. Price premium.
The ramping up of the fiscal '10 budget to the $20m area amounts, after all, to getting seriously in the face of certain closely watching multinationals.
And, so, the involved cash. The Dicon acquisition. With the ongoing buyback activity placed on the back burner as a result? A paucity of ready cash? The $4.00 plan pushed back? Or a matter of cash flows ever-strengthening?
Well, Mr. Moskowitz has recently confirmed for us that the RM Enterprises holdings situation will be completed by late August. The buyback. Which tells us that RM Enterprises' time as an ongoing source of operating and growth/expansion capital has likely drawn to a close.
The whole idea, after all, being about achieving the senior listing. Being positioned to raise needed capital on the most favorable of terms from a third party/parties. Leveraging receivables and all. The relevant PR being there. No more a need of management putting their own money on the line in the absence of a direct return from same. Though, of course, the indirect return speaking for itself.
With the fact of having applied one's own money in getting America's Cleaning Company on that proverbial map speaking additionally to a buyout goal. The fact of being debt-free. Dilution-free. With Dicon now in the fold. Attractiveness to a fitting suitor(s).
NASDAQ and buyout.
Promoters extraordinaire.
The whole of it being an easy enough read.
And where would market level currently be had the 'short and distort' routine never emerged? Had the natural market forces of supply and demand been allowed to ongoingly prevail?
Will the $4.00 plan succeed?
Well, let's say that, as of this writing, the stage is set in full. The MOASS underway. A position of 500m we'll call it. Phantom shares reality. Massive buy-in afoot. A flood of orders to the buy-side. One hell of a breakout! And where the top?
And how about the same scenario but for the sole exception of a higher launch base? The $0.50 to $0.70 range let's say?
Recalling, of course, that the Outstanding count has been reduced to the 200m area.
And an eye-opener?
Just a few more weeks?
Market level has been under siege for one month as of today. From June 12th. The company's registered MM's no longer consistently playing the long-side. The day traders introduced into the equation. Miscreant shortists in abundance.
One month of no end of lies and deceit/distortion.
Management being hard at work to overcome. The faithful longs no less so. Routinely setting the record straight. Doing a fine job.
And we played welcome witness to the PR's we were seeking. The bomb variety. Early July numbers. Dicon acquisition.
With much more of such to come. Sparks/catalysts in abundance. The July and August factual. The stage set for a massive breakout. For the past month of miscreant behaviors to be wholly overcome. Market level finally reflecting in line with the true value reality of America's Cleaning Company.
On the way.
The green we seek.
Higher launch base achieved in large part.
Neither management nor the faithful longs about to cave-in to a self-indulgent mob of the depraved. Spewing their constant vileness. Taking obvious sick pleasure in the perceived financial misfortune of others.
The serious upside on the way. With no looking back. Miscreant (and worse) shortists in for a seriously rude awakening. Adding to the momentum. That which simply fits.
America's Cleaning Company.
Rating of Outperform.
Top 30%.
Worthwhile analysts at work. Seeing the light.
The truth.
That which always prevails in the 'end'.
The green we seek. The green that simply fits.
On the way.
Major markets/exchanges inclusive.
A permanent end to being ridiculously grossly undervalued.
The factual, the truth, prevailing.
AI
