AI
Monday, February 01, 2010 5:08:11 PM
BL,
Thank you.
As for that other matter…
Any particular reason as to why?
Or just the usual venue madness?
Mike...
Perhaps you recall some of my postings from the July '09 area.
And an example…
"The period over which the shorts did reign supreme having also seen the buy-side. But in the form of low-ball orders. That which didn't much help any but the shorts. And, so, small wonder why the trading pattern of the time. With now a far different story in welcome evidence. The steady understandable hitting of the Inside Ask. No more low-balling. The shorts no longer reigning supreme. Our registered MM's motivated to profit from a long perspective. The advent of a breakout being very real."
One reaping what one sows.
Low-ball Buy orders yielding the expected outcome.
None of it amounting to rocket science.
Never does.
Karmasaur…
We'll start with the fact that managerial intent as of July 27/'09 was to reduce the Authorized common count to 900m and the Outstanding count to the 500m area. The primary means of doing so being a combination of open market buyback and RM Enterprises holdings cancelations.
And from the, let's say, 1.75b level the stated targets seem achievable?
Even allowing for a targeted farfetched 1b restricted shares held by RM Enterprises and minimalist average trading levels of $0.05 we're still talking approx. $12.5m being required to achieve the Outstanding count target.
And recalling…
'Subsequent to the date of the financial statements, the Company cancelled an aggregate of 526,585,544 shares of common stock. The shares originated from the repurchase of common stock of RM Enterprises. This reduces the number of outstanding shares of common stock from 1,249,451,605to 722,866,061 shares.'
The numbers, as stated, simply don't add up. Not with respect to that which you again "believe".
The only way around it all is to ludicrously suggest that materially misleading PR's and filings, etc. absolutely abound. That management would mind-bendingly opt for criminal personal enrichment, and the myriad associated serious risks, vs. proceeding in line with a legitimate virtual gold mine having emerged. Right in their very laps.
And recalling…
(Susan at company IR)
(Mid-July of '09)
(Paraphrasing)
'They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyone's expectation.'
[ way above anyone's expectation ]
Noting, again, that in the matter of the Wells notices there is no mention of the materially misleading, of a retraction(s) being called for, of disgorgement, of a lawsuit(s) being launched. So on.
The bottom line being that in the matter of the 'forged' opinion letters we have that which has been reasoned. A viable attempt at an answer. Just and exactly where the violative arose. Our not knowing the precise detail. But entirely able to reason as we have. Generalizing. Inclusive of the extremely strong likelihood, as evinced, that the full extent of any distribution was, in relative terms, minor.
Perhaps 150m shares at the most.
It being a matter of reasoning. As opposed to known fact.
We wait.
We find out.
Just and exactly what went on and why. And what's been/being/to be done about it.
Jason…
Full agreement.
Noting, additionally, the point of operations. The need, that is, of scaled up production capacity in order to meet ever-growing demand. And what does such suggest relative to the month-over-month raw numbers picture? Record after record being set?
And recalling from June 29/'09…
'SPNG … is pleased to announced that the Company has booked approximately $18 million in new orders for the entire month of June. This is SpongeTech®’s highest recorded monthly booked orders in the Company’s history.'
'We are experiencing an incredible response to all of our products and we continue to increase our national retail footprint daily. We anticipate additional new products to come on line and we strongly believe that our sales growth will continue at this pace.'
[ We are experiencing an incredible response to all of our products ]
And fact?
Or fiction?
[ we continue to increase our national retail footprint daily ]
And fact?
Or fiction?
[ We anticipate additional new products to come on line ]
And fact?
Or fiction?
[ we strongly believe that our sales growth will continue at this pace ]
And fact?
Or fiction?
From June 29/'09.
With now a need of scaled up production capacity in order to meet ever-growing demand.
Einstein needing to not apply. Not even slightly. A management team getting the job done.
Walking the walk.
And most assuredly there have been bumps in the road. The peanut gallery crowd hard at work accordingly. Twisting madly. Spinning wildly. The comic relief rest of it.
An investment in America's Cleaning Company amounting to a golden ground floor opportunity. Institutional level monies waiting to flood in.
Market level soaring!
Massive ROI.
The plain and simple reality.
Seen as clearly by Daniel Pike as by all the rest of the triple digit IQ's among us.
Holding tight.
Thank you.
As for that other matter…
Any particular reason as to why?
Or just the usual venue madness?
Mike...
Perhaps you recall some of my postings from the July '09 area.
And an example…
"The period over which the shorts did reign supreme having also seen the buy-side. But in the form of low-ball orders. That which didn't much help any but the shorts. And, so, small wonder why the trading pattern of the time. With now a far different story in welcome evidence. The steady understandable hitting of the Inside Ask. No more low-balling. The shorts no longer reigning supreme. Our registered MM's motivated to profit from a long perspective. The advent of a breakout being very real."
One reaping what one sows.
Low-ball Buy orders yielding the expected outcome.
None of it amounting to rocket science.
Never does.
Karmasaur…
We'll start with the fact that managerial intent as of July 27/'09 was to reduce the Authorized common count to 900m and the Outstanding count to the 500m area. The primary means of doing so being a combination of open market buyback and RM Enterprises holdings cancelations.
And from the, let's say, 1.75b level the stated targets seem achievable?
Even allowing for a targeted farfetched 1b restricted shares held by RM Enterprises and minimalist average trading levels of $0.05 we're still talking approx. $12.5m being required to achieve the Outstanding count target.
And recalling…
'Subsequent to the date of the financial statements, the Company cancelled an aggregate of 526,585,544 shares of common stock. The shares originated from the repurchase of common stock of RM Enterprises. This reduces the number of outstanding shares of common stock from 1,249,451,605to 722,866,061 shares.'
The numbers, as stated, simply don't add up. Not with respect to that which you again "believe".
The only way around it all is to ludicrously suggest that materially misleading PR's and filings, etc. absolutely abound. That management would mind-bendingly opt for criminal personal enrichment, and the myriad associated serious risks, vs. proceeding in line with a legitimate virtual gold mine having emerged. Right in their very laps.
And recalling…
(Susan at company IR)
(Mid-July of '09)
(Paraphrasing)
'They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyone's expectation.'
[ way above anyone's expectation ]
Noting, again, that in the matter of the Wells notices there is no mention of the materially misleading, of a retraction(s) being called for, of disgorgement, of a lawsuit(s) being launched. So on.
The bottom line being that in the matter of the 'forged' opinion letters we have that which has been reasoned. A viable attempt at an answer. Just and exactly where the violative arose. Our not knowing the precise detail. But entirely able to reason as we have. Generalizing. Inclusive of the extremely strong likelihood, as evinced, that the full extent of any distribution was, in relative terms, minor.
Perhaps 150m shares at the most.
It being a matter of reasoning. As opposed to known fact.
We wait.
We find out.
Just and exactly what went on and why. And what's been/being/to be done about it.
Jason…
Full agreement.
Noting, additionally, the point of operations. The need, that is, of scaled up production capacity in order to meet ever-growing demand. And what does such suggest relative to the month-over-month raw numbers picture? Record after record being set?
And recalling from June 29/'09…
'SPNG … is pleased to announced that the Company has booked approximately $18 million in new orders for the entire month of June. This is SpongeTech®’s highest recorded monthly booked orders in the Company’s history.'
'We are experiencing an incredible response to all of our products and we continue to increase our national retail footprint daily. We anticipate additional new products to come on line and we strongly believe that our sales growth will continue at this pace.'
[ We are experiencing an incredible response to all of our products ]
And fact?
Or fiction?
[ we continue to increase our national retail footprint daily ]
And fact?
Or fiction?
[ We anticipate additional new products to come on line ]
And fact?
Or fiction?
[ we strongly believe that our sales growth will continue at this pace ]
And fact?
Or fiction?
From June 29/'09.
With now a need of scaled up production capacity in order to meet ever-growing demand.
Einstein needing to not apply. Not even slightly. A management team getting the job done.
Walking the walk.
And most assuredly there have been bumps in the road. The peanut gallery crowd hard at work accordingly. Twisting madly. Spinning wildly. The comic relief rest of it.
An investment in America's Cleaning Company amounting to a golden ground floor opportunity. Institutional level monies waiting to flood in.
Market level soaring!
Massive ROI.
The plain and simple reality.
Seen as clearly by Daniel Pike as by all the rest of the triple digit IQ's among us.
Holding tight.
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