Marketing Geniuses. The Street & Smith,s SPORTSBUSINESS JOURNAL - 2009 YEAR IN REVIEW-www.sportsbusinessjournal.com rated SPNG : as the best brand with the most successful year in sprots? 1.) SPNG 2.) Gatorade 3.) Under Armour 4.) Nike 5.) Bud/Bud Light
nice post .. excellent info and thanks for taking the time to post that in this venue ~
there were a few things that caught my attn at the noble conference
one of them was metter talking about how it was far easier for spongetech to get a foothold into markets *outside* of the U.S. for their products .. which is why (i believe) mgmt focused efforts there inititally
that is why i've been convinced since i first did DD on spongetech back in august ~ that dicon is a multi layered gold mine ~ that not only provided r&d and production facilities ~ but i have always suspected that their customers (international) were one aspect of how spongetech's products gained a foothold overseas .. all it takes is one connection
i certainly wouldn't presume to say that mgmt doesn't have it ~
imo that is the missing link that will be revealed with the filings .. that are due
it's the timing now i'm very curious about since this is all being done under the watchful eye of the SEC
Great post yes Pike gets it and so does the person who posted this view of SPNG. Not many times will we ever fine undervalued penny stocks with growing results. Usually we find penny stocks with no results and little future that run. They end up being way overvalued. If SPNG was just like them we be subpenny by now on greys and never recover. Yet SPNG being the rare co that is building a big co we see a Pike invest big. We see they have not sold the shares per recent 13 filing. Even when many told us how they Pike after Sept 13 filing must have sold by now. We see SPNG up 200 to 300% over Dec 08 even after all the attack they have endured.
Folks we can invest in penny stocks for years. We will see runs and crashes. What we will rarely see is a real co that is selling worldwide and making millions. The crooks who try hard to take down this stock will never win. As I have said since 08 when you build big results SPNG will win the war with crooks who manipulate penny stocks. We see there hired guns who attack and tell us how this is a scam and it is over 24/7 since 08. Same people IMO using different names. Yet same attacking 24/7 by non shareholders. Why the bosses are short and have a lot of air shares to cover. A very common thing I have learned over the years with penny stocks. We see them in every bd where a penny stock has interest. The problem they have with SPNG is its making money unlike most they short which never do. So they have been attacking SPNG since Spring 08 when it first started making profits.
You either recognize this is a very rare undervalued co stock and invest for inevitable big gains. The results will eventually bring once again even higher then June or miss out on chance of a lifetime.
Know this before June run we where undervalued just as much. We sat under 4 to 5 for many months even hitting .006 in March 09. How happy I am to have never listen to people telling us SPNG was dead before this went about old 52 week 5 cent high since May 09. A lot made money who saw how undervalued and invested. Some here think few made money but many did.
In over 15 years it is very rare to be able to say a penny stock is so undervalued vs results. So few have any is why. Most are way overvalued.
Understand Pike did not just look one day and buy. They did real dd met with SPNG etc. Then they loaded up 145 million shares since Sept after that dd. SPNG offers a real investment in a very undervalued co with big future. That is why Pike invested after doing their dd.
I've been accumulating lots of shares on the cheap. This NY POST/SEC/Grey sheets fiasco is ...to me...a blessing in disguise as I never thought I would be buying SpongeTech in the .045 range per share. I'm hoping we have a few more weeks in this range. I've a nice chunky profit from another stock that I will swing into SPNG. I think 2010 is going to be a fine year for me :-) 2009 is ending on a great run...
The big SPNG players have held tight and also added. I follow the $ and this as well as a few other investments/swing trades is a place to be.