AI
Tuesday, August 18, 2009 2:21:33 AM
Lou,
The grapevine having had much to say from early June onward. And an example from mid-July…
"There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company."
And by July 28th market level had more than doubled, to an interim High of $0.1650, from the point of capitulation.
And on the 20th there arrived the following PR...
'SPNG ... is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing.'
(Mr. Metter)
"I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value."
(Mr. Moskowitz)
"We believe that our shares represent an attractive investment especially at its current market value. We are very confident with the continued strong demand for our product lines, along with our future anticipated sales growth and market penetration across the world."
And on the 22nd came...
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.'
'Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float.'
The grapevine chatter was accurate.
And a similar situation in early June. The grapevine chatter being accurate. Right up to our interim High of $0.2851. When certain parties among us grew so stressed/desperate as to resort to that which they did. Short and distort routine.
As for the grapevine latest?
There's been no mention of the specifics. As usual. Only the general. That formal word to get excited about is coming. And such certainly fits. Given proximity to the August/September timeframe. All that same equates to.
We wait.
We find out.
Spinosaurus…
I've got it bass ackwards? That it?
And you're welcome.
And thank you.
With quality of management being the always crux. And in America's Cleaning Company we couldn't ask for better. The finest of leadership. The honoring of fiduciary duty. The shareholder respectful. The bringing of value.
The seriously bankable variety.
Simply doesn't get any better at basement level.
And thanks again.
Spongeboy…
The specifics I have no knowledge of. Only the general. That formal word to get excited about is on the way.
And such does fit.
We shall see.
Z…
The Authorized?
The recent increases representing earlier thinking. That the Dicon acquisition would call for a common stock issuance or two. And that additional M&A activity would result in the same. With, when all was said and done, the Dicon acquisition structured as an all-cash deal. The inside having obviously since arrived at a meeting of the minds such that any/all additional M&A activity (if) can also be successfully accomplished on a cash basis. A largely cash basis. Not to mention pps circumstance. The higher the pps? The less stock need be applied re M&A goings-on. Equity application. And we're headed for 900m Authorized and the 500m Issued and Outstanding area. Room to maneuver if need be.
The talk of a connection between the Authorized increases and abusive shorting goings-on being fanciful at best. The reality being what it is. Company growth/expansion. The external variety. The coming reduction to 900m speaking to both cash flows strength and near-term pps appreciation. The steadfast determination to maintain the parent company as debt-free.
No dilution. No debt. Cash cow reality. Near-term pps appreciation. With the month-over-month gross revenues picture spelling out the reality.
Golden ground floor opportunity as far as an investment is concerned. Risk/reward nirvana. A buy and hold special.
A matter of achieving the senior listing.
The ROI of a lifetime!
As for a 100% common stock dividend?
For every share currently Issued and Outstanding one new share would be issued. And referencing shares that are legally owned.
The point of such a dividend, for America's Cleaning Company, being to force a reconciling. To force settlement. A full buy-in. And management need proceed as earlier outlined. Bringing in all of the SEC, FINRA and the DTCC. And for extremely good reason. Maintaining a close association with all three entities. And because there could very well be collusion among all of a hedge fund and a particular broker-dealer and the DTCC in having created the phantom shares position and keeping same hidden.
And if so?
Well, in declaring a significant stock dividend the DTCC, and its affiliates, could attempt to create and distribute a phantom dividend (IOU) for each phantom share (IOU). Rather than calling on the referenced broker-dealer and client to settle. To buy-in.
Declaring a significant stock dividend, as talked about, can get the buy-in job done in full. Precipitate the MOASS. But only via proceeding carefully/cautiously. In close association with all of the SEC, FINRA and the DTCC. Seeing to it that there is no stepping out of line. That the primary goal is achieved.
And you're welcome.
Peter…
Thank you.
And a buyout?
A fitting offer could come at any time/moment. The fiscal '09 audited about to arrive. The June and July gross revenue numbers known. The mid-August detail additionally. And bearing in mind the 'promoters' nature of management. And the fact of maintaining the parent company as debt-free. My personal take, from the get-go, being that the targeting of a buyout carries great weight. That management will readily accept a fitting offer. Company true value circumstance.
The senior listing angle introducing much into the equation. Fitting valuation and all. A buyout getting major league expensive.
Interesting for sure.
Rommel…
Relative to what comes my way via the grapevine I always share with the board. Sharing what I can. But at no time have any specifics been part of the goings-on. And such fits. Is in line with SEC rules/regs. The grapevine having proved up over time. Having been accurate. With the chatter being always of a general nature. Never any specifics.
On the latest?
We wait.
We find out.
Kevin...
On the subject of a friendly 100% buyout?
A matter of fairly valuing the target. Of sitting down at the negotiating table and arriving at a meeting of the minds. A fitting offer in line with company true value circumstance. A fitting pps as per the Issued and Outstanding of the time.
And, certainly, few of the faithful longs would be upset should a fitting offer come management's way in the near-term.
Entirely possible.
Jason…
In the absolute.
As always.
And thank you.
Onward and upward.
The grapevine having had much to say from early June onward. And an example from mid-July…
"There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company."
And by July 28th market level had more than doubled, to an interim High of $0.1650, from the point of capitulation.
And on the 20th there arrived the following PR...
'SPNG ... is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing.'
(Mr. Metter)
"I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value."
(Mr. Moskowitz)
"We believe that our shares represent an attractive investment especially at its current market value. We are very confident with the continued strong demand for our product lines, along with our future anticipated sales growth and market penetration across the world."
And on the 22nd came...
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.'
'Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float.'
The grapevine chatter was accurate.
And a similar situation in early June. The grapevine chatter being accurate. Right up to our interim High of $0.2851. When certain parties among us grew so stressed/desperate as to resort to that which they did. Short and distort routine.
As for the grapevine latest?
There's been no mention of the specifics. As usual. Only the general. That formal word to get excited about is coming. And such certainly fits. Given proximity to the August/September timeframe. All that same equates to.
We wait.
We find out.
Spinosaurus…
I've got it bass ackwards? That it?
And you're welcome.
And thank you.
With quality of management being the always crux. And in America's Cleaning Company we couldn't ask for better. The finest of leadership. The honoring of fiduciary duty. The shareholder respectful. The bringing of value.
The seriously bankable variety.
Simply doesn't get any better at basement level.
And thanks again.
Spongeboy…
The specifics I have no knowledge of. Only the general. That formal word to get excited about is on the way.
And such does fit.
We shall see.
Z…
The Authorized?
The recent increases representing earlier thinking. That the Dicon acquisition would call for a common stock issuance or two. And that additional M&A activity would result in the same. With, when all was said and done, the Dicon acquisition structured as an all-cash deal. The inside having obviously since arrived at a meeting of the minds such that any/all additional M&A activity (if) can also be successfully accomplished on a cash basis. A largely cash basis. Not to mention pps circumstance. The higher the pps? The less stock need be applied re M&A goings-on. Equity application. And we're headed for 900m Authorized and the 500m Issued and Outstanding area. Room to maneuver if need be.
The talk of a connection between the Authorized increases and abusive shorting goings-on being fanciful at best. The reality being what it is. Company growth/expansion. The external variety. The coming reduction to 900m speaking to both cash flows strength and near-term pps appreciation. The steadfast determination to maintain the parent company as debt-free.
No dilution. No debt. Cash cow reality. Near-term pps appreciation. With the month-over-month gross revenues picture spelling out the reality.
Golden ground floor opportunity as far as an investment is concerned. Risk/reward nirvana. A buy and hold special.
A matter of achieving the senior listing.
The ROI of a lifetime!
As for a 100% common stock dividend?
For every share currently Issued and Outstanding one new share would be issued. And referencing shares that are legally owned.
The point of such a dividend, for America's Cleaning Company, being to force a reconciling. To force settlement. A full buy-in. And management need proceed as earlier outlined. Bringing in all of the SEC, FINRA and the DTCC. And for extremely good reason. Maintaining a close association with all three entities. And because there could very well be collusion among all of a hedge fund and a particular broker-dealer and the DTCC in having created the phantom shares position and keeping same hidden.
And if so?
Well, in declaring a significant stock dividend the DTCC, and its affiliates, could attempt to create and distribute a phantom dividend (IOU) for each phantom share (IOU). Rather than calling on the referenced broker-dealer and client to settle. To buy-in.
Declaring a significant stock dividend, as talked about, can get the buy-in job done in full. Precipitate the MOASS. But only via proceeding carefully/cautiously. In close association with all of the SEC, FINRA and the DTCC. Seeing to it that there is no stepping out of line. That the primary goal is achieved.
And you're welcome.
Peter…
Thank you.
And a buyout?
A fitting offer could come at any time/moment. The fiscal '09 audited about to arrive. The June and July gross revenue numbers known. The mid-August detail additionally. And bearing in mind the 'promoters' nature of management. And the fact of maintaining the parent company as debt-free. My personal take, from the get-go, being that the targeting of a buyout carries great weight. That management will readily accept a fitting offer. Company true value circumstance.
The senior listing angle introducing much into the equation. Fitting valuation and all. A buyout getting major league expensive.
Interesting for sure.
Rommel…
Relative to what comes my way via the grapevine I always share with the board. Sharing what I can. But at no time have any specifics been part of the goings-on. And such fits. Is in line with SEC rules/regs. The grapevine having proved up over time. Having been accurate. With the chatter being always of a general nature. Never any specifics.
On the latest?
We wait.
We find out.
Kevin...
On the subject of a friendly 100% buyout?
A matter of fairly valuing the target. Of sitting down at the negotiating table and arriving at a meeting of the minds. A fitting offer in line with company true value circumstance. A fitting pps as per the Issued and Outstanding of the time.
And, certainly, few of the faithful longs would be upset should a fitting offer come management's way in the near-term.
Entirely possible.
Jason…
In the absolute.
As always.
And thank you.
Onward and upward.
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