So many opinions so few supported facts. So let try and sort out the true facts.
In fiscal 08 company said they do 5 million and 1 million profit. They did better when 10K filed.
In fiscal 08 Q1 and Q2 they raised a/s counts to 960 million. They then issued 100’s of millions of those shares to rme restricted under Sec rule 144 for a year. That is what financed the growth we saw in fiscal 09 to 50 million. The management said since 08 shares restricted never to be sold and would be retired.
In Q3 they raised A/s to 1.250 billion and o/s went up to 1.2 billion in Jan 09.
They said back in 08 plan was to build results, become self funding and retire shares. They are doing what they said per filings not opinions. I go by Sec filings not what people here think with nothing to support it.
Then they told us they where retiring shares. In April 09 when filings came out, we had A/S raised before that to 1.5 and 1.8 billion. Yet filings showed what company said they do with rme shares. They retired over 500 million and o/s in filings 722 million. Therefore, with each a/s increase in 09 guess what filings showed o/s went down big from high of 1.2 billion to 722 million. Now call company still in 720 today. So no increases in O/S this year since high of 1.2 billion. We can all say opinions but this is what filings show.
Now they are reducing O/S again along with A/S. Since no shares where needed to buy Dicon as they said now reducing. 900 million a/s will be back to where is was end of Q2 08. Before calendar 09 A/S increases. Oh they have been working on buying Dicon since 08. Like In April wait for next filings you will see the reductions stated in PR. Just like we saw O/S reduction in April filings as stated in PR’s.
Then they told us starting on 08 they do 35 million sales for 09 and then increased it to 40 million. That profit be 7 million. Well once again they beat projections doing 50 million and 10 million. In June 08 pr they said what fiscal 08 would be and 10K was better. Therefore, they show us they meet numbers they say.
The said new in 08 and 09 new products will come out. Well Pet sponge now in Petco and Spongebob are new. We have over 20 more to come this year and next. How big will sales be with over 20 products in all major stores? Fact it is very early for SPNG and we did 50 million. Fact current run rate per month means over 150 to 200 million in sales for fiscal 2010.
They said plan was for 09 to move into more retail stores. That is ongoing but now in cvs, Walgreens, Cost Co, BJ’s, Petco, Shoprite and many more listed in Ibox. Walmart is coming along with many others like Target etc. Yes Walmart sells 100’s of Spongebob Viacom licensed products and will sell ours to.
Dicon owns the patents. We bought Dicon now own them and all they owned. See 8K filed to prove we own Dicon. Even naysayers told us over the last year Dicon owed patents. So when SPNG didn’t they used it as negative. Now that we own Dicon trying to say Dicon did not have patents and thus we do not have them lol.
They said back in 08 and again in 09 the plan was to move to Nasdaq. Well folks the results are now at levels they can. Just as they have planned for.
Like I said doubt the facts, listen to the nonsense I see on message bds and don’t believe what SPNG tell us is a big mistake. Has been since 08. Many missed out buying cheap doubting SPNG plans.
Not going to in life have many chances to invest in a small company while on OTCBB that is building results to be a big company on Nasdaq. Not when 95% of companies never make money. How many times have any of us ever seen one build results good enough? If you don’t think what SPNG is doing is good enough as they build this company fast as any ever will so be it. I do see how rare this is and invested big knowing that fact. When this rare it is chance of a lifetime.
Try taking emotions out of this and not listen to all the unsupported opinions telling us all they are doing wrong. When you grow a company to 10 million and one of the few that does you are doing things right.
AI
