Kind words appreciated.
Thank you.
And you're welcome.
Risk…
There are a vast number of valid points routinely posted to this board. An equally vast number of pointless points posted routinely.
The recent Reg. SHO flagging seeing no (ahem) shortage of misguided folks taking the situation and running with it. Extrapolating right through to egregious abuse activities of long ago. Different regulatory environment.
The earlier abuse happened. The phantom shares position being there. Worthless IOU's. The whole of it having introduced that, which it has, into the overall equation. Lying outside of individual control as far as management was concerned at the time.
There being a target of 900m common shares Authorized. An additional target of approx. 500m Issued and Outstanding. And why those particular numbers? And because management knows a little something? Has a particular plan in mind? And the timing?
The situation being what it is. Our having what we have. Criminality. Criminality that management has formally addressed on more than one occasion. Criminality that, at this point, offers itself up ideally. As being the primary springboard to escaping the basement.
What it is we can expect in the way of material company event(s) announcements, from this point forward, being as obvious as we could hope for. There's simply no chance of our being misguided on the reasoning front.
That which simply fits.
Managerial smarts and all.
TFS...
Hello to you.
And the answers you seek?
Available in my posting history.
Been discussed at length.
The current Reg. SHO flagging versus the 'entrenched'. The current regulatory environment versus the lax such of months ago.
And as for management?
From months ago...
'SPNG … is pleased to announce that the SpongeTech(R) Board of Directors is retiring seventy-nine million shares (79,000,000) of SpongeTech(R)'s common restricted (R144) stock from RM Enterprises. This stock will be retired to the Company's Treasury. Upon completion of this transaction, RM will still own approximately 600,000,000 restricted shares. The Board states that further share reductions are being contemplated.
Michael Metter, CEO of SpongeTech(R) comments, 'This initial transaction represents the first step in the restructuring of the corporate capitalization so that the company can place itself in the best possible position for future growth. The Company is exploring other viable options for any and all possible opportunities that may present themselves. It is important to note that this is only the first step of the process and is not the end. The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
And as our good and learned friend Doc can readily attest I haven't always been a steadfast proponent of the phantom shares story. The situation changing for me when, on the private side, a little something irrefutable was kindly shared with me. Convincing me of a likely phantom situation in the 200m area. The turning point for me. And otherwise? Well, check with Doug Furth for one.
As for the guilty averting disaster?
Again, discussed at length. Inclusive of more recently. My posting history being there.
Our having spoken of the short and distort routine. The likely parties footing the associated bill. The fact of certain minions not simply attempting to tank market level but to paint management as criminals themselves. Egregious wrongdoers in need of being formally investigated. Regulatory eyes. To bring the proceedings, in full, to a screeching halt. Issuing company itself.
And an accurate assessment? The involved parties?
Well, as stated, it fits. Like one of those proverbial gloves. Entirely sound reasoning.
Day after day reality. Day and night. Weekends inclusive. On and on. Prolific posting. Ridiculous nonsense such as the Flickr stupidity.
And in closing?
Well, I'll make mention of the fact that we've also recently discussed the possibility of at least some covering having already transpired. Though any such is doubtful in the extreme. Given, that is, that in so proceeding the existence of the referenced position would be revealed in full.
And there I'll leave it.
And you're welcome.
Peter…
You nailed it.
August/September timeframe.
And let's not forget about sales readily converting to cash.
Acceptable, at the very least, A/R turnover rate.
A few more weeks and the whole of it will be revealed.
Patience being a virtue.
FW…
Your attention to detail skills are seriously lacking. Or should we say conveniently lacking?
In America's Cleaning Company we're talking about a massive degree of abuse. From months ago. Coupled with intent to actively force a full buy-in. Specific means/methods to be effectively employed. Criminal behaviors being brought to the attention of regulatory eyes. And on from there.
Time to wake up.
Faustus...
MM's play the spread.
Operating, always, on the basis of order flow circumstance. Dog-eat-dog competitive. The larger fish dominating the action. Playing what's called the hammer role. Said larger fish oftentimes channeling orders for the smaller such. Rapid execution that keeps business rolling in for all involved.
And when it comes to volatility? That which MM's are mandated to keep to a minimum?
Well, it's a matter of going long on the way up. And short on the way down. MM's being empowered to go long or short at will. And isn't such the charm?
And dependent upon overall circumstance?
Well, any particular MM will, at times, be buying/selling for personal accounts. Taking on inventory. Unloading inventory. Seeing the light.
None of it being a particularly difficult concept. Simply a matter of sticking to mandates while profiting maximally. Inclusive of the trademark collars and leashes routine. Taking, now and then, the unsuspecting for a nice little lucrative walk up or down. Depending.
The whole of the middlepersons routine being that which is in desperate need of being done away with in full. In favor of an entirely electronic trading system. An entirely level playing field where the natural market forces of supply and demand take precedence. Reign supreme. Each and every issuer responsible for its own liquidity.
The way it, in the absolute, should be.
The antiquated MM-based telephone trading system being, most assuredly, in desperate need of going the way of the dinosaur. The whole of it being nothing but a massive money grab. Time to terminate the self-serving. The unmitigated greed. The manipulation.
Long past the time.
And if wishes were horses?
And all the best.
AI
