No problem... everyone here seems to think management isn't dealing with it just because they stopped publicly talking addressing it. If i were in managements position i would keep every move relative to the share structure secret as well. It would be beyond dumb for management to publicly spell out what they are doing to fix the problem... i mean, military leaders don't call up enemy leaders and tell them how they plan to go about winning a war do they? absolutely not... right now misdirection and the element of surprise are imperative to SPNG managements ability to deal with the NSS problem.
Take for example the increase in A/S- people immediately start thinking "dilution". Guess what, so do the people printing air shares. Hedge funds and other unscrupulous look for certain criteria when they target a security to NSS- the best targets are companys which are in the development stage and keep issuing shares to raise capital.
A couple years ago, SPNG probably seemed like the perfect target: it was a small start up with little money, the cleaning industry is one of the most competitive markets in the world, the company kept selling shares to stay afloat, and lastly, the company sold boring old "sponges". I bet hedge funds were licking their lips when they discovered SPNG. To them, it was an "easy kill", especially before RME started internal funding.
Think of it this way- It is much like a big bully (NSS) targeting the weakest geekiest kid on the playground (spng) day after day after day- however unlike all the other "geeks" (startups)that just gave up, this "geek" started working out and took up boxing. As the "geek" gets bigger and bigger, the "bully" starts to feel more and more threatened by the "geeks" growth, so he bullies the "geek" even more because it is all he knows...all the while the "geek" keeps on going to the gym and one day, shows up after school and pounds the hell out of the "bully".
Here's something else- It is interesting to look at the number of FTD's that occurred in the months following Michael Metter's public announcement that SPNG was the target of naked short selling. The number of FTD's WENT THROUGH THE ROOF. IMO, this was the hedge fund or whoever retaliating against the company for putting the spotlight on what they were doing. Unfortunately for the NSS, at this point SPNG now had all the money it needed thanks to RME. In other words SPNG was now "stronger than the bully."
