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Karmasaur

02/15/10 1:54 AM

#294651 RE: stoxmagic #294649

Stoxmagic, another interesting point I've been trying to get through:::


In the absolute, worst case scenario regarding the O/S ( 3 billion in line with the A/S),......the ENTIRE O/S could be "re-purchased" for $90 million at current levels,..........




PROFOUND, don't ya think!



The urge to prove that all "Wrongdoing" was in the best interest of the little guys, must be pretty strong when the SEC is watching.


$90 million for every single share.



Taking on a considerable debt would be absolutely ideal right now, (and perhaps even easy for a company with walmart distribution, etc.) if any "capital" issues are abound, and assuming it was for repurchase programs.


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cowtown jay

02/15/10 1:55 AM

#294652 RE: stoxmagic #294649

stox, good to see you!

your recent postings giving much to be considered. my reply to you last evening evidently deemed "not spongeworthy."

but for now, a quick question.

does it still appear that there is a problem with a timely 211 approval by FINRA? or is the delay due to management manueverings to remain in control? or both?

more later.

thanks,
jay
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awesomebummer

02/15/10 4:54 AM

#294661 RE: stoxmagic #294649

In other words...


"Roll Over Mos-ko-witz,
Roll Over Mos-ko-witz,
Roll Over Mos-ko-witz,
and Tell Po-pov-sky the News..."


'Bummer.


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Arnold25764

02/15/10 5:30 AM

#294662 RE: stoxmagic #294649

SPNG could be at 1.00 PPS or more if all this crap didn't go down.
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upper11

02/15/10 7:56 AM

#294664 RE: stoxmagic #294649

i can go back thru your post and much of what you wrote was how great management is .....now its step aside wtf gives here...i for one hope they do step aside but as for knowing whats goin on behind the scene i dont think {i know}you have about just as much information as i do which is jack sheet....pump on stox pump on
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dalessan

02/15/10 3:11 PM

#294773 RE: stoxmagic #294649

Good to hear from you Stox,

The duality of management doing a great job and succumbing to the violative, and both wanting them to stay and be a part of the rewarding course they have set, yet to step down and/or endure due process for their indiscretions for the good of the shareholders/company.

In a recent post of yours, you quoted (paraphrased) Susan in the IR dept: '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.'

If I interpret correctly, the "They haven't reduced as of now" referring to the O/S...could we be in for a surprise when the O/S is finally revealed, or do you think they've reduced it as advertised?

Also, what do you make of the new man on board, James Reilly. Is he there to support the auditing process, or is he the heir apparent to Mr. Moskowitz in the event of his stepping down/forced resignation?

SpongeTech has retained James Reilly as an internal consultant to assist in these efforts. Robison & Hill remains our public accounting firm. Reilly is a licensed Certified Public Accountant (CPA) who spent 8 years with Ernst & Young LLP providing audit, accounting and tax services to publicly and privately held companies and more recently has served as CFO and/or Controller of medium sized private and public companies

BTW, No problem about the email, fully understandable.

Here's to hoping more news and good news is imminent.

Best Regards to you and yours,

dalessan

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igotthemojo

02/15/10 6:11 PM

#294804 RE: stoxmagic #294649

lol..so now you think MAYBE someone in management did something wrong..
whew!...that was a long time in coming...do try to catch up...you are lagging way behind..
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Stock Stallion

02/15/10 6:23 PM

#294807 RE: stoxmagic #294649

boy stox, things must really be bad when you are talking the doom. no more talk of the MOASS, the 211, back to the OTCBB and such.
As for Mosky stepping down or new management, nah, M&M have SPNG locked up with the "B shares" no one is getting SPNG away from them. IMO they will just let this one die on the vine and move over to vanity and start the game again. AMERICA'S NEW CLEANING COMPANY. but JMO
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alien42

02/16/10 12:16 AM

#294896 RE: stoxmagic #294649

There's been wrongdoing. That much being obvious.

finally, something stox posts is accurate.
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vd8828

03/23/10 4:14 AM

#303391 RE: stoxmagic #294649

Stoxmagic's new post on March 22,10 at Yahoo. Thanks. Here is the copy:

Part 1:

Thank you to all.

Constructive comments appreciated.

Hunt...

In the case of The Smarter Sponge Company we have a constant need of remaining focused on the grander picture.

On just and exactly that which management is overall attempting to achieve. The longer-term consideration. And getting the job done. Business plan implementation. Business model implementation. Global reality. The very strong likelihood that in ongoingly meeting the need for scaled up production capacity we'll see a return of M&A activity. The filling of voids as they arise.

It being rarely a matter of organic growth alone or even in large part. External growth/expansion being a routine approach. M&A activity. Inclusive of simply establishing a base of operations. Starting, for The Smarter Sponge Company, with Dicon. A more than astute move that, on a truly huge scale, expedited the retail success seen to date. Having advantaged/leveraged pre-existing channels of retail distribution.

And recalling…

(Mr. Moskowitz)

"The growth of the Company has given us the ability to acquire Dicon without dilution."

"We believe that this acquisition places SpongeTech® in an excellent position to maximize the value of our Company and its future."

And indeed. No argument. Acquiring Dicon, as a wholly owned subsidiary, being a hugely smart move. A prime example of just and exactly how forward-thinking management actually is. The reason why kudos are called for. It being, very much, a matter of our being in good hands. Capable/competent such. The best. Getting the job done. Thinking clearly.

With the beauty of the situation being that the parent company's various product offerings have staying power. The primary reason behind the retail success seen to date. The involved technology viewable as a carrier. As a container. A carrier/container and applicator in one. Volume, weight, cost, convenience, environmental, etc. considerations.

Small wonder as to why the outstanding level of success seen to date.

Products selling themselves.

The grander picture being what it very obviously is. Long-term success consideration. Complete with the welcome effect of synergies and economies of scale having kicked in and continuing to do so. Of gross margins accretion. So on. All that same, together, equate to.

While at market level the primary point being the big money folks. Institutional level interest. The Pike maneuverings. The otherwise nascent involvement. That which the faithful longs kept close track of until the twisting of reality routine seriously emerged all those months ago.

Part 2:

The retail hurdle having been cleared as talked about. Fundamentally and operationally the issuing company being well on its way. Long-term success again consideration. Global reality. And we want, and need, market level to reflect accordingly as the issuing company cannot overall succeed/long-term succeed under current pps circumstance. Massive, that is, gross undervaluation circumstance in persistent evidence.

Management has been, and is, literally champing at that proverbial bit to release the numbers. Audited and unaudited. Delinquent filings situation cleared up in full. Ending the speculation. Offsetting litigation pressures. Setting the record as straight as one could ask for. Empowering the issuing company as again earlier talked about. An any time/moment proposition. Our coming trading week being realistically an excellent candidate for the arrival of a PR setting the stage. The smartest way to proceed. All involved/to-be-involved being on the same page. Ready and waiting.

A flood of numbers to get excited about. All of past, present and future. Inviting the understandable attention of worthwhile analysts. The big money following. Well aware of Pike's maneuverings and the nascent otherwise. The Smarter Sponge Company being a company that, again, simply belongs upstairs. The reason why the months ago intent to become an NCM component. Management seeking to bring the issuing company to the attention of those who do count the most.

And such will be. And in the welcome absence of a consolidation of the Outstanding stock. To any degree. The shareholder respectful. The way it was back in early June of last year. Market level free, that is, to ascend in the welcome absence of egregious manipulative practices.

And with that said we need consider the very real possibility that management's overall objective is to coordinate the currently outstanding. To settle the Wells notices situation and remedy in full the delinquent filings situation and regain the OTCBB quotation on a concurrent basis. Close thereto. Leaving no room for doubt. For second-guessing and such. To any degree.

And whether or not such is an accurate assessment isn't the crux. The crux being the numbers presentment in and of itself. The Wells notices situation remaining outstanding carrying little to no weight. And same as regards current trading venue status being the reality.

The Drakeford & Drakeford revocation happened. The involved time penalty rapidly coming to an end While as for the violative we have a matter of nothing earthshaking. Of no material impact whatsoever on the issuing company itself. The big guns being on the job on behalf of management.

While the regaining of the OTCBB quotation (if not a matter of the concurrent) will see a building upon the massive breakout that will most assuredly evince itself in line with the numbers presentment in full. In line with a little fitting number crunching. The undeniable. The fact of massive gross undervaluation circumstance at current trading levels. Propelling market level hugely!

Massive entering/adding just as in early June of last year.

A matter of completion of due diligence. Institutional level interest. Forward periods detail factored in.

A matter of watching and learning for some.

The Smarter Sponge Company

Part 3:

And recalling from just a few months back…

'Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Repurchased stock will soon be returned to treasury and removed from the trading float. The Board of Directors has convened a meeting to discuss additional positive measures to reduce the total outstanding shares in SpongeTech's(R) stock.'

'The management team feels that these mechanical steps to reduce the outstanding number of shares will be a positive step in changing the current trading pattern of our stock.'

'This initial transaction represents the first step in the restructuring of the corporate capitalization so that the company can place itself in the best possible position for future growth.'

'The Company is exploring other viable options for any and all possible opportunities that may present themselves. It is important to note that this is only the first step of the process and is not the end.'

'COO, Steven Moskowitz adds, "The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock."'

[ maintain the fundamental value of our common stock ]

That which, again, is vital for overall success/long-term success. The inside understandably striving mightily to remedy in full the delinquent filings situation as anything less amounts to utter self-defeat. Market level must, and will, reflect as it should. As befits. And ongoingly so.

Our being in good hands. Capable/competent such. The best.

Money in the bank!

Jay…

Thank you.

And 14 hour shifts?

"Ouch!"

Getting rich quick I hope.

;-)

Not to mention our budding empire about to bloom big time!

And Pike once again?

An interesting presentment for sure.

Speculation can be indeed fun.

But far more fun, and profitable, is having the facts clearly spelled out.

Almost home indeed!

All the best.


Sentiment : Strong Buy


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MorningLightMountain

08/18/11 8:14 PM

#336311 RE: stoxmagic #294649

mosko pleads GUILTY........