ill jump in here too, penny stock chaser......Quote:
Originally Posted by GoHerdGreg
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ill jump in here too, penny stock chaser......Quote:
Originally Posted by GoHerdGreg
alright everyone here's the deal, picking up 7000 shares by dropping 1k on spng tomorrow at .147, then watching it for a while....looking to turn it around soon at .30. $1,000 gets me the same shares i had in siri for 1/5th the price and i can see spng at .50 soon.
I think they have an annual report coming out this month
heres the summary from the top of my head not official numbers
51k revenue in 2007
6MM revenue in 2008
18mm june 09, 23mm july 09
original estimates were for 40MM in 09, they did it in two months.
if you've been reading my other posts you will see the ridiculous media blitz they have going and the stores they are getting in.
ps. they are buying back shares and they are cancelling A/S shares and...they are trying to get listed on Nasdaq. SpongeTech(R) Delivery Systems, Inc. to Seek Listing on NASDAQ Capital Market you know that means $1 a share right? http://www.irw-press.com/en/news_7052.html
GN & GLTA
the big thing about the spng revenue is its 20% profit. they had 800k in debt in 2007, then made 6mm of which 1.3mm was profit.
here actual numbers from there 10k
you can read this or not
Quote:
From
our
inception in 1999 through the fiscal year ended May 31, 2003, we had sales
of
$342,019. Between June 1, 2004 and the fiscal year ended May 31, 2006, we had
minimal sales (an aggregate of $15,768) and instead focused on product
development. For the fiscal year ended May 31, 2007, we had sales of $55,112
and
incurred net losses of $817,217. For the fiscal year ending May 31, 2008 we
had
sales of $5,633,084 and net income of $1,244,455.
Romo,Quote:
Originally Posted by imromo24
I think you have your head screwed on correctly with SPNG. I can see the logic in that, especially wanting to get listed on the NASDAQ.
phew, that was one of those compliments you have to think about :DQuote:
Originally Posted by billhart22
Ya, it was pretty "Heavy", man.....lolQuote:
Originally Posted by imromo24
Bill
kinda quiet in here tonight...everyone probably wornout by Siri today. Dont know if you saw my post earlier...my plan for siri today worker perfectly...well not exactly...actually F%^k it all up!LOL The run to .60 had me pissing my pants...screaming at my blackberry...run you F*&&in blue dog run! as the Lady in the next car looked on in horror! Changed my plan about 10 times...finally...when it looked like a take down coming EOD...sold 50% at
.565! Will probably wait for the retrace and buy back if retrace is in the .10+ neighboorhood! Plan on keeping some powder to play with!
One thing I learned over the last year + being invested in Siri is patience! I like Romo's thoughts on spng! Sounds like a hold and accumulate at these levels! Also, bass pointed out that the upside potential on MGLG outweighs the downside at this point in time. Sh%t it is only money! I plan on accumulating another 1-2M shares if the price remains at .0006-.0007!
Jeff that was a smart move! You have been waiting on .50 for so long. It is very hard to get the very top money, like .60, because by the time the volume is going nuts trying to keep the price up and it is really ready to fall. I haven't looked at the chart yet, but I can just imagine, pretty accurately what it looks like. I just looked at the chart. It is very typical of a (don't take this literally) pump and dump chart. (Listen before anybody throws rocks). It had a little wave, then climbed like crazy. When it reached .60 it was fighting to stay where it was and others tried to make it gain. Then it fell and rebounded to just about as high as the intial plateau on the gaining side. Now continuing on, people were convinced that it would climb again and they repeated this thought over and over again as the stock sank slowly but surely to .54. This is typical thought among traders that a stock is going to shoot right back up. When you look at the initial climb, the initial plateau and then the slight fall back, it is a sure indicator (90% of the time) that the price is going to go tits up. The second indication is on the fall and it rebounds close to the initial plateau on the way up. It is almost certain to fall again. In this case it just kept repeating itself on the way down because of belief by people that it was going to go back up. I will post a level II and everybody can see what I am talking about.Quote:
Originally Posted by just sirius
So you did good, Jeff! Congratulations! :)
Bass is a smart man! Both Dave and he never did pennies before and thought we were crazy here...now they are two of the biggest and most loyal contributors on the board, lol. :DQuote:
Originally Posted by just sirius
They have seen the light!
Don't anybody take me wrong or get pissed, but this is a perfect P&D chart. If you don't know what they look like, then study them. Here is the link for them:
http://www.youtube.com/watch?v=cDpPlrHgquM
http://www.coloradohandyman.com/siri.jpg
MNGA
Can one of you TA guys take a look and see what you think?
Basically- they turn sh%t into natural gas alternative that is cleaner burning!
Why the hell didn't I think of that!
sp- .20
O/S 101M
Bill
How do you post a link or full article?
Bill
You nailed the description of Sirius! Read the posts in the Siri thread...exactly as you stated...it'll climb back to .60...profit takers, good, now stock can run...taking out the stops, now free blah...blah...blah!
So far, got you a case of labels for makers bottles...and three bottle tops!
I just copy and paste it. I like the full copied articles, myself, because very few will follow a link. Some do, but not all.Quote:
Originally Posted by just sirius
I highlight the article with my left key on the mouse and then right click and copy, then post on my new post here.
Thanks..thought there was more too it!
That is funny! Check out the video on the link I provided above the chart. It will explain the whole enchilada. ;)Quote:
Originally Posted by just sirius
MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas(TM), a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented technology Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas(TM) can be used for metal cutting, cooking, heating or powering bi-fuel automobiles. The metal cutting market provides immediate sales opportunities. The technology is based in flowing the liquid waste through a submerged electric arc between coal electrodes. The arc decomposes the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000° F to create MagneGas and other useful byproducts. Preliminary analysis has shown that the power generated from Wind Turbines has the ability to create a fuel through the Plasma Arc Flow refinery. MagneGas Corporation is currently seeking to form partnerships with existing Wind power companies to further explore the synergies of the two processes. MagneGas Corporation also recently announced that it had received a request from the city of Dunedin, Florida to conduct on site plant scale testing to convert municipal bio-solids into fuel. A preliminary test converted city sludge to MagneGas(TM) fuel. As a result, the city has requested plant scale testing which will provide the template for a national roll-out upon completion. MagneGas Corporation has taken an important commercial step forward with the signing of its first manufacturer's rep agreement. The agreement with Pennsylvania-based George KELSO Company, LLC immediately opens an equipment sales channel to much of the Mid-Atlantic Region, including southern New Jersey, eastern Pennsylvania, Maryland, Delaware, Washington D.C. and its five surrounding counties. KELSO Company's first goal is to locate grant funding to establish a MagneGas demonstration center in their territory converting Sewage or Sludge to MagneGas. MagneGas Corporation consists of Nobel Prize-nominated scientific leadership that is coupled with decades of industrial/specialty gas distribution expertise. MagneGas Corporation is poised to become a significant player in the $680 million metal cutting market! MNGA just had excellent news out in a press release before today's opening bell announcing that it has received its most significant independent media attention to date in the form of a feature article in Welding Journal -- perhaps the metal working industry's most respected publication and one with more than 55,000 loyal subscribers! Investors should be watching this one closely!
MagneGas Corporation (OTCBB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has received its most significant independent media attention to date, in the form of a feature article in Welding Journal -- perhaps the metal working industry's most respected publication and one with more than 55,000 loyal subscribers. Even more so than previous MagneGas media mentions, the Welding Journal feature goes into detail on the Company, the technology and the product's tangible benefits to metal working professionals.
MagneGas Corporation, formerly 4307, Inc. is a development-stage company. The Company is focused on providing services in cleaning and converting contaminated waste. A process has been developed, which transforms contaminated waste through a incandescent machine. The result of the product is to carbonize waste for normal disposal. A by product of this process produces an alternative biogas source. The Company builds recyclers to the specification of its customers. Products range from a 50 kilowatt unit that produces MagneGas for a metal cutting shop up to a one megawatt plant capable of processing various liquid wastes. Total mode recyclers for the processing of oil based liquid waste and the maximization of fuel production is available in various configurations. In May 2009, the Company acquired 20% interest in MagneGas Israel, LLC.
Bill- you've created a monster!hahahahaha
Now check out the correlation between volume and pps.
The highest volume of the day and it is going in reverse.
http://www.coloradohandyman.com/siri2.jpg