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SRV-90

08/28/09 5:23 PM

#177936 RE: harvard homeboy #177935

Is it really relevant at this point? Why does this bother you so much? I'm sure D&T was fully aware of their intentions and probably recommended they use R&H for the interim until the 10-K was done.

Get over it
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xDREWx

08/28/09 5:49 PM

#177946 RE: harvard homeboy #177935

Just a few questions since you are good at reading filings...

What does this mean: "In addition, during the quarter ended February 28, 2009 certain of our affiliates repurchased restricted and non-restricted shares and have returned to treasury and cancelled 149,365,993 shares of our common stock. Although the Company intends to cancel an additional 133,577,066 which one of its affiliates has agreed to return to treasury, to date such shares have not been returned to the Company’s transfer agent for cancellation."

It was on the last Q and makes me think we might have a reduction to the OS of over 133mm

Also...

What does it mean "purchased in cash" where it pertains to spending 4 million to buyout Dicon? Does that mean they had to have 4 million dollars in collected unspent revenue?

Maybe they got it from selling shares...

Which makes me wonder what this means: "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"

Does that mean they have been buying shares off the open market?

If you could please explain these a little further...
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z4lover

08/28/09 6:15 PM

#177955 RE: harvard homeboy #177935

yup they haven't been fired. Clearly you didn't read even the quote you posted...
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OldTymer

08/28/09 6:21 PM

#177959 RE: harvard homeboy #177935

harvard homeboy, dismissed is a synonym for fired...

but it's way down the list for definitions (#31 to be exact in the online dictionary). The word dismissed is not normally used to insinuate that someone has been fired. Being dismissed can be a mutual agreement. It can also mean that a company dismissed their auditor because they made an agreement with Deloitte. Who would you want as your auditor, the past or the present?
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camper9

08/28/09 6:25 PM

#177965 RE: harvard homeboy #177935

SpongeTech dismissing their accountant does not have the severity of firing the accountant.

"Dismissed" is related to "fired" but it is not a synonym.


"Fire" means to dismiss from a job. Rather specific.

"Dismiss" has more subtle and softer meanings, such as allowing or giving permission to depart.




According to Random House Unabridged Dictionary:

dis·miss, v.t.
1. to direct (an assembly of persons) to disperse or go: I dismissed the class early.
2. to bid or allow (a person) to go; give permission or a request to depart.
3. to discharge or remove, as from office or service: to dismiss an employee.
4. to discard or reject: to dismiss a suitor.
5. to put off or away, esp. from consideration; put aside; reject: She dismissed the story as mere rumor.
6. to have done with (a subject) after summary treatment: After a perfunctory discussion, he dismissed the idea.
7. Law. to put out of court, as a complaint or appeal.



fire, n., v., fired, fir·ing.
-v.t.
31. to set on fire.
32. to supply with fuel; attend to the fire of: They fired the boiler.
33. to expose to the action of fire; subject to heat.
34. to apply heat to in a kiln for baking or glazing; burn.
35. to heat very slowly for the purpose of drying, as tea.
36. to inflame, as with passion; fill with ardor.
37. to inspire.
38. to light or cause to glow as if on fire.
39. to discharge (a gun).
40. to project (a bullet or the like) by or as if by discharging from a gun.
41. to subject to explosion or explosive force, as a mine.
42. to hurl; throw: to fire a stone through a window.
43. to dismiss from a job.
44. Vet. Med. to apply a heated iron to (the skin) in order to create a local inflammation of the superficial structures, with the intention of favorably affecting deeper inflammatory processes.
45. to drive out or away by or as by fire.
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BrusselsByNight

08/29/09 1:15 AM

#178166 RE: harvard homeboy #177935

Hmm,

I use this word every time an "employee" leaves my
office. I surely am not firing this person...

> Sir, nothing at your orders ?
< No sergeant, you are dismissed.


In international military environment
it's used as a term to indicate that orders are
executed, the superior is satisfied and the person
who was under kind of contract (executing an order, a work
a mission) can continue other works that were not ordered
or agreed upon.

In this context : milestones achieved, thank you for colla
and moving on with business...