Another day, another disappointment. I remain fully committed, I still think the company is not only a huge success, but will continue to be. When they come out with the kitchen sponge, that does not collect bacteria, its going to be huge, and set the standard in kitchen sponges. Sponges that collect bacteria will seem barbaric. The sales numbers will continue to be huge and grow, and this company is on its way to having a market cap it excess of a billion dollars, that is not speculation, that is the truth, just look at the sales numbers leading up to the point where the company stopped issuing PR’s, thanks to well planed attacks by the naked shorts. Fair value for spongetech remains about $3. Yes, OS is 350M, that is also a fact, look at RME’s holdings of 66M vs what they had before, that along with the sharebuybacks ect, gives you OS of 350M. Yes, there is also a very large short position, in excess of 1B, that will be blown out as soon as the 10k comes.
So like I said, I remain behind this company and fully support it, however tomorrow I need to sell a little, less than 10%, because in the mean time I need to pay some bills and would like some capital to trade some other things. I hope the 10k comes out soon, but its nothing more than a guess, when that day comes.
Goodluck to the other longs, hopefully our day is near, however something tells me it could be some time before we see anything. Think for yourself, do your own homework, and disregard any rumors.
Mingy
AI
