Pardon my ignorance, but can you please explain what that means to the stock and why it's big?
Pardon my ignorance, but can you please explain what that means to the stock and why it's big?
Eat your heart out football fans! He's all mine!
Hey Bill....can you also word up something to ask him in a "nice" way why the hell they haven't updated the pink sheets to remove the warning. Updating that alone should at least get us over .03 thx
Last edited by billhart22; 08-24-2009 at 06:29 PM.
So today spng retained the accounting firm Deloitte Touche to perform their audits going forward.
This is gigantic news because that should install tons of confidence in investors and possible suitors (buyouts) although spng likely won't seek a buyout as they are outperforming estimates..
the company they retained is Deloitte Touche Tohmatsu (also branded as Deloitte) is one of the largest professional services firms in the world and one of the Big Four... http://www.deloitte.com/view/en_US/u...G8g!-856798973
heeeuge !
The day for Spng finished very very strong upwards and tons of volume...
Last edited by imromo24; 08-24-2009 at 07:10 PM.
hey tree i think i answered this above ^^^
to clarify a little more, there is doubt on how much money the company makes....and they just hired one of the best in the world to audit them....that means they are being honest when they publish their pr's with numbers...and the filings are accurate.
edit: this is something all companies have to do to get on the Nasdaq...so having the best audit means Nasdaq is pretty close and thats incredible for a penny to jump to the Nasdaq...
Todays news for spng's new corporate website means they are serious about getting larger and working hard for investors...
Last edited by imromo24; 08-24-2009 at 07:14 PM.
In case you skipped over above the important thing to get from the new corporate website for spongetech is that they beat estimate by 25% and could have eps of .02 and reduced shares to 500million.
SpongeTech's® Recent Highlights
•The Company's gross revenue for FY2009 ending May 31, 2009 exceeded $50 million, versus $5.633 million in FY2008, an 888% increase.
estimates were $40Million
and new orders...in 11weeks (the above was for all last year $40MM)
•New orders booked for the first 11 weeks of FY2010 (June 1 to August 15, 2009 ) were $55 million.
Romo
I think I figured out the problem with the degreaser scrubber! Picture shows cleaning wheels...not scrubbing tires which I did...So, they get and upgrade from me to outperform(makes me feel important).
so, don't scrub the tires with the degreasing sponge!
The good news keeps pouring in! Can't wait for the market to digest the new info and have the stock climb into .30's and maybe settle there awhile!