Jeff,
The situation has changed. And changed recently.
We know that Mr. Moskowitz spoke of market cap. circumstance at the Conference. Also spoke of the open market buyback. The pps advancement of the time. We know that Mr. Metter has, earlier, addressed shareholder concerns. Speaking of the Outstanding count, as an example, and of unfounded rumors of no merit regarding same.
The whole of which, and more, cannot be reconciled with the response from IR. From Susan. And speaking of? Relative to a/the NASDAQ application?
And from June 17th…
(Susan)
"Once we have formally submitted the application, I anticipate we will have a release updating everyone."
And, so, okay. We now have conflicting detail. Inability to reconcile. And continuing…
(Susan paraphrased)
"Btw you never want management to get involved in the pps. She stated its a public co and the healthy way is for the public to determine the pps."
And this would be why management PR'd their collective concerns regarding manipulation? Why they formally stated intent to leverage such? To seek a way(s) to enhance shareholder value? Squeeze play?
And yes. Market level would, as we've talked about, find a fitting average trading base were it a case of the natural market forces of supply and demand routinely prevailing. In line with company true value circumstance ongoingly. In the absence of egregious abuse and greedy middlepersons. So on.
And what do we take away from it all?
Well, the value was there. An interim High of $0.2851. That which management was wholly excited about. But now? The squeeze play? To hell with it? To hell with pps circumstance? And the answer that I, personally, arrived at recently was reinforced by Susan...
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ co that is exploding way above anyones expectation ]
The crux.
The fact that management was taken completely by surprise. The initial SKU's finding tremendous appeal. Mass market appeal. Flying off the shelves. And, thus, the Dicon acquisition. M&A activity that cements the reality. Not just of the parent company in and of itself. But the business plan and model. The retail success. That which has management scrambling. Doing a wee bit of rethinking. A level of success that wasn't anticipated even slightly.
Previously, it was about the squeeze play. When pps circumstance was paramount. The obvious connection. But no more. Management choosing to sit on their hands as they have, as market level fades, tells all. Retreating shareholder value ignored.
The whole of it pointing to something truly huge being on the horizon. Something coming to the fore over the next two, or so, weeks. Possibly within days. Can't say what. But there's something. Something going to see market level explode. Skyrocketing. And, yes, we're talking dollar$.
The company, on a true value basis, as of this writing is massive. Current value and future value taken together. The success of the company's business plan and model taking management completely by surprise. The Reuters rating of Outperform, Top 30% reality, being something that management seeks to fully leverage.
And yesterday we saw what we talked about. Capitulation. And there are some in the know regarding what it is is coming. Is on the way. And are loading up accordingly. Loading up big time! There's going to be massive buying, massive accumulation, over coming sessions. The loading the boat hugely!
There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company.
And on the question of promoters?
Yes.
And again…
(From the company's latest Form 10KSB)
'* Michael Metter and Steven Moskowitz are promoters of Spongetech.'
Management are promoters of the company. The company being a public company. Ticker symbol and all. It being about marketing and branding.
America's Cleaning Company
SpongeTech
SPNG
The Smarter Sponge
Getting the job done.
And, so, just hold tight. As something truly earthshaking is on the way. Is in the offing. The way it shapes up as regards management's overall stance. As regards board and grapevine chatter. As regards the recent buying/accumulation. Money flowing in. A material company event(s) going to bring massive tangible shareholder value.
The dollar$ variety.
Don't blink.
AI
