I believe you are right. The whole market is down again today. It doesn't affect penny-land too much, but does have a slight effect. Only real bargains will fall into my portfolio today. Good thinking!Originally Posted by candleman
http://www.streetinsider.com/Press+R...t/4971323.html
wtf omg computer fin slow but check this out for spng, game on!
The sponge is on a run this morning.
Here is a nice note from the company.
SpongeTech(R) Delivery Systems, Inc. Sets The Record Straight
19 minutes ago - Businesswire
Related Companies
Symbol Last %Chg
SPNGE 0.0964 7.23%
As of 11:11 AM ET 9/25/09
SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTCBB: SPNG), makes the following statement:
The recent press reports regarding SpongeTech are inaccurate. The major customers cited in the SpongeTech's financial statements for the fiscal third quarter of 2009 are all current and active customers of the Company. We believe that a number of documents cited in press reports about the Company are Internet forgeries being used by short sellers and stock speculators to undermine the integrity of the Company and profit from the adverse publicity. Statements in the press that SpongeTech must "restate" its financial statements are wrong. As a result of our former auditor's difficulties with the PCAOB (Public Company Accounting Oversight Board), our financial statements for the 2008 and 2009 fiscal years are being re-audited, not restated, by our new auditing firm, Robison & Hill & Co. After the submission of the 10-K for fiscal 2009 year, Deliotte & Touche LLP will assume responsibility for the audit of SpongeTech's financials beginning with the fiscal 2010 year that began June 1, 2009.
I've got a sell in for half of my BCLE at a loss.
I'm going to *try* and flip EESO. Now keep in mind, "flip" to me means owning maybe a week at the longest. They have a conference call next Thursday, and that should provide a boost regardless of what happens in the meantime.
Or...I might sell it in 2 hours (like Candle) and make a few hundred and be happy.
Pick The Bastards' Pockets.
And here is even more good news for the Sponge.
A little national attention on the Showtime Network can't hurt.
I had a sell in today for some of my holdings. I"m canceling that order right now, we'll see where we go from here, hopefully hSeptember 25, 2009 11:15 AM EDT
NEW YORK--(BUSINESS WIRE)-- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTCBB: SPNG - News), announced today that the Company has partnered with DiBella Entertainment ("DiBella"), a full-service sports and entertainment company and New York's leading professional boxing promoter. SpongeTech is teaming up with DiBella to sponsor the October 2, 2009 tripleheader boxing event that will be telecast by Showtime as part of the ShoBox series.
The tripleheader will broadcast live from First Council Casino in Newkirk, Oklahoma. A card of this caliber, and generating this level of interest, made the timing of SpongeTech's leap into the boxing ring a no brainer. For fans of almost any professional sport, the name SpongeTech, has become a part of their watching experience, with ads showing up on TV broadcasts and at the venues of the US Open, MLB, NFL, NBA, NHL games, among many others.
Lou DiBella, the president of DiBella Entertainment, is proud that SpongeTech has decided to use his show as a vehicle for entering yet another pro sport. "SpongeTech is the preeminent sponsor in professional sports at the moment," said DiBella. "I am glad they chose a show of this quality to enter pro boxing, and I am certain this will be the beginning of a long standing relationship between SpongeTech and DiBella Entertainment."
SpongeTech's COO, Steven Moskowitz said, "Teaming up with DiBella on the ShoBox event provides SpongeTech an opportunity to further expand our presence in sporting events that have major media coverage and being in the center of the ring will surely showcase our brand name among boxing fans watching the tripleheader. We look forward to participating in additional events with DiBella."
The October 2 show epitomizes the principle of the ShoBox series: Young Fighters Matched Tough. In the main event, top supper middleweight contender and vicious puncher Allan Green (28-1, 20 KOs) will be match another big puncher in Victor Oganov (28-2, 28 KOs). In the cofeature, Antwone Smith (16-1, 8 KOs), on one of the most impressive winning streaks in boxing, will do battle with Henry Crawford (22-0-1, 9 KOs). Also the telecast will be one of the best young fighters in the sport, super middleweight Marcus Johnson (17-0, 14 KOs) will face the toughest challenge of his career in rugged veteran Victor Villereal (8-3, 4 KOs).
igher!
Greg,
I'm not good at charting....not good at all! But, it does look like EESO might have a way to fall if it follows the same patterns that it's had for the last 6 months.
And now that I've said that, it WILL skyrocket today!
What do you know about this company? I've looked at what I can find on it and it doesn't look bad. What is the conference call about?
Thanks Greg, I'd love to pick this Bastard's pocket....
Greg,
I would wait for EESO to quit falling before buying it. Just from what I can see today.
Not that it matters but did anybody else see that mglg had volume @ 100,000 today??? All I see is red
I agree that's a possibility. And that's why -in case it does fall- we have the conference call double-whammy next Thursday. It should at least hold in the range it's been in lately (.002-.003), if not pop back up.
Short term...I'd buy at .003 or under and sell at .0036 and be happy.
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