AI
Sunday, July 19, 2009 5:51:58 AM
Thanks for the replies.
Positive feedback appreciated.
Kind words appreciated.
CM...
Clear away the fog and the true picture emerges. The early June run-up to an interim High of $0.2851. The thriving upside that was stopped in its tracks not by anything from the inside. Not courtesy of managerial misdeed. Not incompetence. Nor any other such. Stopped in its tracks courtesy of an onslaught of lies and deceit/distortion. The twisting of reality. That which continues to this day. Running rampant.
Our having heard talk of a scam. Of pump and dump. SEC investigation. Trading halt. Reverse split. Litigation connections and issues. Massive dilution. Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. Mysterious new issuances. On and on and on.
With any/all direct challenges to same going unanswered to this day.
And can any of the company's greatest detractors explain the recent run-up to an interim High of $0.2851? The associated average daily volume circumstance? The highest in company history? The empirical?
Do you suppose there'll come a well thought-out reply or two? Or just more of the sourcing of things from thin air routine? Grasping at straws? Baseless blanket statements? The path of least resistance?
The naysayers among us claiming almost always to be so right. And, yet, when cornered have absolutely nothing substantive to offer. No recourse but to continue to mindlessly yammer.
Purported massive new issuances. Direct from the inside. And the associated source(s)? An imaginary filing, or two, perchance? Thin air?
Thin air and hot air.
An ever-so-delightful combination.
Some people's kids.
The Authorized count has advanced. And so has market level. The empirical. Ever-advancing until the scum of the earth showed up in characteristic droves. Spewing no end of lies and deceit/distortion. Twisting reality.
One month. The time it took to set the record straight. To reverse MM positioning. To regain interest. To bring in new monies. To return to a state of favorable dynamics.
Our coming trading week to see steady advancement. Back to the $0.25 area and far beyond. The upside gaining momentum as our trading week progresses. Just as previously. Our registered MM's continuing the upside collars and leashes routine. Profiting maximally from a long perspective. The holding of inventory. The good word from the inside to continue.
And recalling…
(Mr. Metter from May 8th)
'We are also in negotiations with a major supplier of Brand Name household cleaning products. Our discussions focus on SpongeTech using its patented technology to produce various household cleaning products using the Brand Name of our prospective client. Let me again say, while we are hopeful, there is no assurance of our entering into a final agreement with this client.'
Stay tuned.
Lex…
Thank you.
And trust that you're as much a part of those of who routinely add value to this thread as is the one you reference. Supporting one's own investing/trading interest, in the absence of inarguable reason to proceed otherwise, being only common sense.
US...
And thank you.
And a bomb, or two, indeed.
Jim…
Thank you.
And that which would be truly eventful?
A full outlining. The whole of it. Phantom shares position and all. All that is known to date. Exactly how management intends to proceed.
Would go a long way.
As for the day traders?
Can't win as previously. MM positioning has solidified to the upside. The necessary inventory in hand. Our coming Open to be a gap up situation and advancement from there. No looking back.
As for number crunching?
The crux being that which we earlier talked about. Quality of earnings.
And recalling...
(Q1/'09)
Issuance of common stock for fees, payments, advertising, etc… $3.3m.
(Q2/'09)
Issuance of common stock for fees, payments, advertising, etc… $4.8m.
(Q3/'09)
Issuance of common stock for fees, payments, advertising, etc… $1.6m.
Total of $9.7m.
The earnings picture somewhat skewed courtesy of application of equity. The coming annual filing to tell us a lot. Painting a picture. With it being understandable that externally-sourced capital (RM Enterprises) has been required over time. The entirety of the current operating focus is, after all, very new. Product development. Business plan and model realities. America's Cleaning Company doing extremely well given overall circumstance. But we do want to know that operational soundness is advancing to the point of the self-sustaining. Sufficient cash flows from ongoing operations to dismiss all obligations.
And with that said...
(Mr. Metter from March 5th)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
[ that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally ]
[ product development, marketing, production, and financing of inventories and receivables ]
[ marketing ]
Marketing. The greatest single expense to date. And the associated fiscal '10 budget has been ramped up to the $20m area. And, certainly, for good reason. A stellar level of return on investment. Approx. $9m applied over Q1/'09 through Q3/'09 with fiscal '09 gross revenues projected to well exceed $50m. Stellar indeed.
The coming audited numbers will tell us a lot. As will the July and August gross revenues totals. The overriding consideration being synergies and economies of scale kicking in. With it being, again, understandable that equity has been applied. Externally-sourced capital. And the faithful longs can truly jump for joy come the achieving of operational nirvana. Self-sustaining reality. Ongoing operations feeding themselves. Cash flows sufficient to dismiss all obligations. The situation relative to longer-term growth/expansion goals being different. The associated capital being externally-sourced coming as no surprise. Standard operating procedure.
And we have, again, the fiscal '10 budget. Marketing ramp up to the approx. $20m area. It remaining to be seen just how said expense will be met. Synergies. Economies of scale. Gross revenues continuing to climb. Gross margins expected to climb.
And...
(Mr. Moskowitz from the NFE Conference)
"Basically, we have about twenty-five products now."
"We should have one hundred by the end of 2011."
"The better products are still yet to come."
"So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
The big picture shaping up more than admirably. Long-term success. Much in the way of continued good word to come.
Serious green.
Chris…
Very kind.
Thank you.
And you're welcome.
John…
You approach enough people on the subject and you'll find those who are wholly supportive of the telephone-based MM trading system. Folks generally connected in some money-making way or another. The reality being that the volatility argument is lame. The liquidity argument no less so. The rest of it. Inclusive of the laughable 'protecting folks from themselves' argument. Simply the means of keeping the money machine going. With the greed being so unbounded, so rampant for decades, as to see an eventual groundswell of complaints from all corners about egregious abuses. Forcing the SEC to finally act. To honor its own primary mandate. The agency for decades being entirely loathe to bite the hands that feed it.
Shameful behavior, as more than 7,000 startup/development stage companies were pushed out of existence. Literally trillion$ in investing/trading principle stolen. Blatant daylight robbery of monumental proportions. Massive fraud. And there would have been no such were it an ongoing case of the natural market forces of supply and demand reigning supreme. Each and every issuer responsible for its own liquidity. The way it should be. All arguments to the contrary being dismissible.
And taking another look at the graphical…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
With what happened Friday amounting to the precise opposite of that which we previously discussed. When money flow was trending north while the pps was trending south. The result of self-serving middlepersons being positioned largely short. Seeking to cover at maximum gain. Collars and leashes routine to the downside. With Friday's session being choppy. In line with the goings-on upstairs. Money flow trending south while the pps was trending north.
And why so?
And, again, self-serving middlepersons seeking maximum gain. Positioned, this time, largely long. Collars and leashes routine to the upside. The reason why a rapid return to the $0.25 area and far beyond is imminent. New and welcome 'analytical coverage'. New and welcome monies flowing in. The rest of it. Continuing good word from the inside. With the Dicon acquisition announcement clearly demonstrating for us that our registered MM's are very much running the show.
And, yes, such a situation can be overcome. In the form of a little something called a breakout. The overwhelming buy-side. A flood of orders forcing upticking. With a forced retrace soon thereafter emerging. Short positions closed at maximum gain.
Our having market level right where we want it. Favorable dynamics reestablished. The technical signaling strength. The rest of it. Our coming Open representing the ideal time/moment for a bomb, or two, of a PR. Collars and leashes routine to the upside.
Would be huge.
And it is painful to think about what was lost. Had the Dicon acquisition announcement emerged under current market level circumstances. Self-serving middlepersons not manipulating the goings-on for maximum personal gain from the downside.
But not to worry. As management is poised to come through big time as talked about.
The dollar$ variety.
Just a matter of continuing to hold tight.
Breakout city!
No retrace.
Kij…
lol
It's very simple. No more complicated than the ex-clearing bit of business.
And...
The '33 Act regulates original issuances. The primary market (acquiring directly/indirectly from an issuer).
The '34 Act being an extension of the '33 Act. Regulating transactions in the secondary market (trading the previously issued ... you to me ... me to you ... so on).
Simple.
Mike…
The primary consideration being shareholder value that's tangible. Reflected at market level. Anything less? It's a wash.
As for the company's greatest detractors, again?
Market level soon advancing will serve to quell the uproar. Shutting constantly yammering mouths for good. Back to the $0.25 area and far beyond.
It's coming.
Silence, after all, being golden.
Hmm?
And sure. And here it is...
"UPDATE-We now have hard confirmation that Spongtech, despite claims of a share buyback, has outstanding shares in excess of 2.2 billion, several hundred million of them newly minted in June and distributed to insiders and promoters."
[ We now have hard confirmation ]
And hard confirmation from thin air?
I can hardly wait.
Any such and the authors would be falling all over themselves to provide the associated substantive. The undeniable. Leaving no room for doubt.
And rocket science, it ain't?
What's wrong with this picture?
Too funny.
Some people's kids indeed.
Headed back to the $0.25 area and far beyond. And in concert with same certain constantly yammering mouths will be shut. For good. Never to be heard from again. Doubtless, not so much as even a single example hosting the necessary intestinal fortitude to stand up and admit the truth. The truth of America's Cleaning Company. Golden ground floor opportunity.
And I know I'm having a great weekend knowing what's coming. The winning of a one month battle. Back to favorable dynamics. New and welcome 'analytical coverage'. New and welcome monies coming in. All that July and August hold in the way of industrial strength formal word. The rest of it. Big monies entering. Gaining strength as management gets on with getting on. The coming audited numbers amounting to the completion of called-for due diligence. In concert with the July and August numbers. Forward periods' detail additionally. July poised to yield another gross revenues record.
And one hell of an achievement for a "scam".
Hmm?
With July and August very likely coming in at record levels being hardly a surprise...
'The Smarter Sponge'
A management team hosting brainpower in abundance.
Redoubtable leaders to be truly proud of.
Golden ground floor opportunity.
Next trading week on the way.
The welcome and understandable continued upside.
The welcome and understandable shutting of constantly yammering mouths.
For good.
Positive feedback appreciated.
Kind words appreciated.
CM...
Clear away the fog and the true picture emerges. The early June run-up to an interim High of $0.2851. The thriving upside that was stopped in its tracks not by anything from the inside. Not courtesy of managerial misdeed. Not incompetence. Nor any other such. Stopped in its tracks courtesy of an onslaught of lies and deceit/distortion. The twisting of reality. That which continues to this day. Running rampant.
Our having heard talk of a scam. Of pump and dump. SEC investigation. Trading halt. Reverse split. Litigation connections and issues. Massive dilution. Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. Mysterious new issuances. On and on and on.
With any/all direct challenges to same going unanswered to this day.
And can any of the company's greatest detractors explain the recent run-up to an interim High of $0.2851? The associated average daily volume circumstance? The highest in company history? The empirical?
Do you suppose there'll come a well thought-out reply or two? Or just more of the sourcing of things from thin air routine? Grasping at straws? Baseless blanket statements? The path of least resistance?
The naysayers among us claiming almost always to be so right. And, yet, when cornered have absolutely nothing substantive to offer. No recourse but to continue to mindlessly yammer.
Purported massive new issuances. Direct from the inside. And the associated source(s)? An imaginary filing, or two, perchance? Thin air?
Thin air and hot air.
An ever-so-delightful combination.
Some people's kids.
The Authorized count has advanced. And so has market level. The empirical. Ever-advancing until the scum of the earth showed up in characteristic droves. Spewing no end of lies and deceit/distortion. Twisting reality.
One month. The time it took to set the record straight. To reverse MM positioning. To regain interest. To bring in new monies. To return to a state of favorable dynamics.
Our coming trading week to see steady advancement. Back to the $0.25 area and far beyond. The upside gaining momentum as our trading week progresses. Just as previously. Our registered MM's continuing the upside collars and leashes routine. Profiting maximally from a long perspective. The holding of inventory. The good word from the inside to continue.
And recalling…
(Mr. Metter from May 8th)
'We are also in negotiations with a major supplier of Brand Name household cleaning products. Our discussions focus on SpongeTech using its patented technology to produce various household cleaning products using the Brand Name of our prospective client. Let me again say, while we are hopeful, there is no assurance of our entering into a final agreement with this client.'
Stay tuned.
Lex…
Thank you.
And trust that you're as much a part of those of who routinely add value to this thread as is the one you reference. Supporting one's own investing/trading interest, in the absence of inarguable reason to proceed otherwise, being only common sense.
US...
And thank you.
And a bomb, or two, indeed.
Jim…
Thank you.
And that which would be truly eventful?
A full outlining. The whole of it. Phantom shares position and all. All that is known to date. Exactly how management intends to proceed.
Would go a long way.
As for the day traders?
Can't win as previously. MM positioning has solidified to the upside. The necessary inventory in hand. Our coming Open to be a gap up situation and advancement from there. No looking back.
As for number crunching?
The crux being that which we earlier talked about. Quality of earnings.
And recalling...
(Q1/'09)
Issuance of common stock for fees, payments, advertising, etc… $3.3m.
(Q2/'09)
Issuance of common stock for fees, payments, advertising, etc… $4.8m.
(Q3/'09)
Issuance of common stock for fees, payments, advertising, etc… $1.6m.
Total of $9.7m.
The earnings picture somewhat skewed courtesy of application of equity. The coming annual filing to tell us a lot. Painting a picture. With it being understandable that externally-sourced capital (RM Enterprises) has been required over time. The entirety of the current operating focus is, after all, very new. Product development. Business plan and model realities. America's Cleaning Company doing extremely well given overall circumstance. But we do want to know that operational soundness is advancing to the point of the self-sustaining. Sufficient cash flows from ongoing operations to dismiss all obligations.
And with that said...
(Mr. Metter from March 5th)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
[ that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally ]
[ product development, marketing, production, and financing of inventories and receivables ]
[ marketing ]
Marketing. The greatest single expense to date. And the associated fiscal '10 budget has been ramped up to the $20m area. And, certainly, for good reason. A stellar level of return on investment. Approx. $9m applied over Q1/'09 through Q3/'09 with fiscal '09 gross revenues projected to well exceed $50m. Stellar indeed.
The coming audited numbers will tell us a lot. As will the July and August gross revenues totals. The overriding consideration being synergies and economies of scale kicking in. With it being, again, understandable that equity has been applied. Externally-sourced capital. And the faithful longs can truly jump for joy come the achieving of operational nirvana. Self-sustaining reality. Ongoing operations feeding themselves. Cash flows sufficient to dismiss all obligations. The situation relative to longer-term growth/expansion goals being different. The associated capital being externally-sourced coming as no surprise. Standard operating procedure.
And we have, again, the fiscal '10 budget. Marketing ramp up to the approx. $20m area. It remaining to be seen just how said expense will be met. Synergies. Economies of scale. Gross revenues continuing to climb. Gross margins expected to climb.
And...
(Mr. Moskowitz from the NFE Conference)
"Basically, we have about twenty-five products now."
"We should have one hundred by the end of 2011."
"The better products are still yet to come."
"So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
The big picture shaping up more than admirably. Long-term success. Much in the way of continued good word to come.
Serious green.
Chris…
Very kind.
Thank you.
And you're welcome.
John…
You approach enough people on the subject and you'll find those who are wholly supportive of the telephone-based MM trading system. Folks generally connected in some money-making way or another. The reality being that the volatility argument is lame. The liquidity argument no less so. The rest of it. Inclusive of the laughable 'protecting folks from themselves' argument. Simply the means of keeping the money machine going. With the greed being so unbounded, so rampant for decades, as to see an eventual groundswell of complaints from all corners about egregious abuses. Forcing the SEC to finally act. To honor its own primary mandate. The agency for decades being entirely loathe to bite the hands that feed it.
Shameful behavior, as more than 7,000 startup/development stage companies were pushed out of existence. Literally trillion$ in investing/trading principle stolen. Blatant daylight robbery of monumental proportions. Massive fraud. And there would have been no such were it an ongoing case of the natural market forces of supply and demand reigning supreme. Each and every issuer responsible for its own liquidity. The way it should be. All arguments to the contrary being dismissible.
And taking another look at the graphical…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
With what happened Friday amounting to the precise opposite of that which we previously discussed. When money flow was trending north while the pps was trending south. The result of self-serving middlepersons being positioned largely short. Seeking to cover at maximum gain. Collars and leashes routine to the downside. With Friday's session being choppy. In line with the goings-on upstairs. Money flow trending south while the pps was trending north.
And why so?
And, again, self-serving middlepersons seeking maximum gain. Positioned, this time, largely long. Collars and leashes routine to the upside. The reason why a rapid return to the $0.25 area and far beyond is imminent. New and welcome 'analytical coverage'. New and welcome monies flowing in. The rest of it. Continuing good word from the inside. With the Dicon acquisition announcement clearly demonstrating for us that our registered MM's are very much running the show.
And, yes, such a situation can be overcome. In the form of a little something called a breakout. The overwhelming buy-side. A flood of orders forcing upticking. With a forced retrace soon thereafter emerging. Short positions closed at maximum gain.
Our having market level right where we want it. Favorable dynamics reestablished. The technical signaling strength. The rest of it. Our coming Open representing the ideal time/moment for a bomb, or two, of a PR. Collars and leashes routine to the upside.
Would be huge.
And it is painful to think about what was lost. Had the Dicon acquisition announcement emerged under current market level circumstances. Self-serving middlepersons not manipulating the goings-on for maximum personal gain from the downside.
But not to worry. As management is poised to come through big time as talked about.
The dollar$ variety.
Just a matter of continuing to hold tight.
Breakout city!
No retrace.
Kij…
lol
It's very simple. No more complicated than the ex-clearing bit of business.
And...
The '33 Act regulates original issuances. The primary market (acquiring directly/indirectly from an issuer).
The '34 Act being an extension of the '33 Act. Regulating transactions in the secondary market (trading the previously issued ... you to me ... me to you ... so on).
Simple.
Mike…
The primary consideration being shareholder value that's tangible. Reflected at market level. Anything less? It's a wash.
As for the company's greatest detractors, again?
Market level soon advancing will serve to quell the uproar. Shutting constantly yammering mouths for good. Back to the $0.25 area and far beyond.
It's coming.
Silence, after all, being golden.
Hmm?
And sure. And here it is...
"UPDATE-We now have hard confirmation that Spongtech, despite claims of a share buyback, has outstanding shares in excess of 2.2 billion, several hundred million of them newly minted in June and distributed to insiders and promoters."
[ We now have hard confirmation ]
And hard confirmation from thin air?
I can hardly wait.
Any such and the authors would be falling all over themselves to provide the associated substantive. The undeniable. Leaving no room for doubt.
And rocket science, it ain't?
What's wrong with this picture?
Too funny.
Some people's kids indeed.
Headed back to the $0.25 area and far beyond. And in concert with same certain constantly yammering mouths will be shut. For good. Never to be heard from again. Doubtless, not so much as even a single example hosting the necessary intestinal fortitude to stand up and admit the truth. The truth of America's Cleaning Company. Golden ground floor opportunity.
And I know I'm having a great weekend knowing what's coming. The winning of a one month battle. Back to favorable dynamics. New and welcome 'analytical coverage'. New and welcome monies coming in. All that July and August hold in the way of industrial strength formal word. The rest of it. Big monies entering. Gaining strength as management gets on with getting on. The coming audited numbers amounting to the completion of called-for due diligence. In concert with the July and August numbers. Forward periods' detail additionally. July poised to yield another gross revenues record.
And one hell of an achievement for a "scam".
Hmm?
With July and August very likely coming in at record levels being hardly a surprise...
'The Smarter Sponge'
A management team hosting brainpower in abundance.
Redoubtable leaders to be truly proud of.
Golden ground floor opportunity.
Next trading week on the way.
The welcome and understandable continued upside.
The welcome and understandable shutting of constantly yammering mouths.
For good.
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