Thank you.
Fast...
For the perusing pleasure of all involved the financials will be available early in our coming trading week.
Aaron...
Thank you.
And no.
When the recent grapevine chatter grew to the point of crescendo I shared with the board. Based on the track record. Confident in that which was being bandied about. The imminent arrival, that is, of formal word to get excited about. A fire being lit under market level. And when that formal word did arrive I knew immediately what the excitement was all about. Reading between the lines. The continued setting of the stage for the uplisting.
1_
New corporate website launched. A telling window into America's Cleaning Company.
(Mr. Moskowitz)
“We have created an easy-to-navigate site loaded with pertinent information including important financial filings, breaking news and videos, comprehensive stock data and recent Company milestones.”
And...
'The launch of www.spongetechinc.com gives investors instant access to SpongeTech’s current marketing and sales activities in addition to relevant facts, figures and statistics.'
Complete with a homepage 'attention grabber' in the form of a telling 3D vertical bar graph.
2_
The retaining of Deloitte Touche LLP.
And...
"We are very pleased to have retained one of the world’s top accounting firms,” commented Michael Metter, CEO of SpongeTech. “We feel this is inline with the growth and direction of our Company and we look forward to having Deloitte as our auditors so that we may utilize their many professional services to enhance the infrastructure of SpongeTech.”
[ growth and direction of our Company ]
[ enhance the infrastructure of SpongeTech ]
Reading between the lines. The continued setting of the stage for the uplisting.
Our having spoken at length of the August/September timeframe. All that same equates to. And almost home. The fiscal '09 financials to be soon posted to the relevant database. The Q1/'10 gross revenues detail to be soon available. The rest of it.
May 7...
'SPNG … announced today that its Board of Directors has voted to seek a listing for SpongeTech(R)'s common stock on the NASDAQ Capital Market. As part of this process, SpongeTech(R) will prepare and submit an application for a NASDAQ Capital Market listing.'
June 8/9...
The NFE Conference. A presentation by management. America's Cleaning Company introduced to an institutional level audience.
June 11...
The meeting with NASDAQ.
August/September timeframe...
The culmination. Listing Application prepared and submitted. No time being wasted. New corporate website launched. Deloitte Touche LLP retained. Numbers available for crunching. The rest of it.
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
Company IR having recently confirmed for us the waiver intent. Conditional listing sought. A likely period of 90 days in which to bring market level into line with stated requirements. With the simple reality being that once America's Cleaning Company is positioned as an NCM component market level will take care of itself. Four of four achieved with $4.00 being the least of it. A permanent end to being grossly undervalued. An end to egregious abuse practices. A fitting valuation in place. Effect of applicable multiples factored in. Institutional level monies flooding in. The MOASS precipitated. If not sooner.
A simple matter of sitting back and relaxing. Watching it all unfold.
Senior listing achieved. The called-for level of attention. The called-for valuation. Company long-term success.
Annual gross revenues target of $500m plus.
A shareholder base grinning ear-to-ear.
Steven…
Any other company would simply implement a reverse split. Four of four requirements met. The USAT example amounting to food for thought. The uplist green light in light of the far from stellar financials. The $6.00 area pps lacking a sound basis. The fading over time. Food for thought.
The Listing Application will succeed. Meeting with acceptance. The NASDAQ folks understandably jumping at the opportunity to gain America's Cleaning Company as an NCM component. Mutual benefit. The strengthening of the tier. All involved parties gaining/winning. The seeing of the pps light. The impact that the uplisting, in and of itself, will have at market level. And on from there.
As close to graven in stone as one can get.
The Listing Application PR to soon arrive.
Market level reacting accordingly.
Waiting for it.
Bill...
The certificate exchange will be mandatory. Largely a matter of working with NASDAQ. Outstanding certificates surrendered to company TA. Canceled in full thereafter. CUSIP number retired. New certificates issued. New CUSIP number assigned.
A clean start. No baggage. Phantom float exposed. The MOASS precipitated. If not sooner.
Mike, et al….
The coming financials to paint a telling picture. With our being focused on two considerations above and beyond raw share structure numbers and raw fundamental and operational numbers.
1_
Ready conversion of sales to cash. Acceptable, at the very least, A/R turnover rate.
2_
Quality of earnings. Clear evidence of the following…
(Mr. Metter from March 5, 2009)
'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 fact of the involvement of RM Enterprises drawing to a close. With none of us expecting miracles. And particularly in light of the ramping up of the fiscal '10 marketing budget to the $20m area. Coming detail. Our simply looking for advancement in the right direction as raw operational numbers seriously accrete. As the effect of synergies and economies of scale kick in. Gross margins accretion additionally considered.
The capacity to dismiss all obligations via operationally derived cash flows would be a truly amazing achievement considering the operational timeline. Would be incredible considering raw operational numbers. The rate of accretion. Our looking for clear evidence of just such progress. No longer a need of equity application.
The coming financials to paint a telling picture. But a limited such in light of Q1/'10 detail. The raw operational numbers accretion of said period painting a far more telling picture. The Form 10-Q a few weeks distant. Just in time for the uplisting celebrations.
Management not forging ahead on the Listing Application front in the absence of good reason.
Audited numbers to smile about. Numbers otherwise to smile about.
The getting of the job done.
Smile time.
Carol…
The downside having been tested and rejected.
Had Friday's late session liquidation occurred earlier in the session we'd have seen a full recovery and then some. The sell-side volume being far less than was the case during Thursday's liquidation. The difference being the timing. No chance for a recovery.
The underlying strength being more than apparent.
An understandable week of solid green ahead. The $0.40 plus we earlier spoke of. And on from there.
Senior listing and dollar$.
A matter of a few weeks.
And taking care.
You and the rest.
AI
