Thank you to all.
PM's, et al….
Doing just fine, thank you. Me and mine. Having just returned from a little backcountry outing. A little well-deserved R&R. Good for the body. Good for the mind. Good for the soul. Most enjoyable.
As for our budding empire?
Increased my overall position this day by 13%. And based on that which I was anxiously awaiting the arrival of i.e., the July detail.
And…
'SPNG … is pleased to announced that the Company has booked a record month in new orders at approximately $23.5 million, surpassing June's orders of $18 million.
The coming audited numbers will facilitate much. No argument. Inclusive of completion of called-for due diligence at the institutional level. Inclusive of telling Accounts Receivable detail. Actual cash flowing in. Etc.
And recalling…
'Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts.'
And all to the good. But with confirmation required. A need of knowing that sales are readily converting to cash. An acceptable A/R turnover rate at the very least. And, certainly, the extending of credit is understandable given the extremely rapid pace of growth/expansion. The newness of operational focus i.e., product development. The recent refocusing.
And, so, it all does fit. Inclusive of the all-cash Dicon acquisition. Wholly owned subsidiary reality. Inclusive of the open market buyback increase. Inclusive of favorable share structure adjustments intent. The recently PR'd detail. With telling filing detail to come.
And recalling…
(Mr. Metter)
'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.'
The cash flow picture being not a difficult read in the overall. The big picture. But with an understandable need of confirmation. The formalized.
And the July detail?
The coming audited numbers will be a telling read in the absolute. No argument. Spelling out much. But representing, very largely, historical detail. The past. And that which feeds the proverbial bull dog? The future. Not the past. Not the present. Forward periods' detail being what it's all about. Future earnings. Projections. Guidance. That which always drives the buy-side. Institutional level interest and all.
The July detail having smilingly arrived. An approx. 31% gross revenues increase over June's record. Month-over-month. Increasing rate. Wholly to smile about. The telling impact of marketing/branding as... The Smarter Sponge. That which we, very much, anticipated. Smart indeed. A management team to be truly proud of.
And, so, two primary considerations:
1_
Mounting sales. Gross revenues reality. Month-over-month. Increasing rate.
2_
Sales readily converting to cash. Acceptable A/R turnover rate. Strong positive cash flows from ongoing operations.
The first being clearly evident. The second being no less so as outlined above. The circumstantial. The obvious availability of significant cash in the absence of equity application. Cash from ongoing operations. It not taking a rocket scientist to figure that, at the current cost of admission, an investment in America's Cleaning Company amounts to the no-brainer of the century. And, sure, there was opportunity, earlier, to add at a lower level(s). But with a need of the July detail as talked about. Smart investing. Risk/reward. Proceeding intelligently.
The big picture continuing to shape up ever so nicely. Budding empire. Massive ROI in the making. The Reuters folks having called it right. Rating of Outperform. Top 30%. Institutional level interest/involvement understandably increasing. With the best, by far, yet to come.
The Smarter Sponge.
A management team to be truly proud of.
The early August detail to be soon with us. Continued telling detail. The big picture.
And yes. The SR (Short Restriction) being still in place. The outstanding FTD's, as yet, unresolved. The involved parties sending out their minions to do their bidding. As twisted as all of such is. And an uphill battle they laughably fight. And who among the faithful longs isn't loving it?
Our having seen a huge number of the day traders out and gone as of the 27th and 28th. As talked about. Daily average volume having understandably dropped off since. The shorts laughably hopeful of that which has no chance. The longer-term trend firmly reestablished. Management on a mission to bring about a permanent end to being ridiculously grossly undervalued.
The no-brainer of the century.
Sales mounting. Cash flowing in.
The sore thumb obvious with August upon us.
And Mr. Moskowitz from the NFE Conference...
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. 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. Because we wanted to make sure, before we got into the cleaning of the kitchen and the bath ... we tested it out in cars and we tested it out on dogs before we started dealing with human beings and people in the house. 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 best, by far, yet to come.
Market level poised to soar.
New monies. Big money.
Budding empire.
Massive ROI in the making.
Holding understandably tight.
And all the best to all.
And thanks again.
AI
