Comments on: SpongeTech Pump and Dump? Not so Fast

By: Dragon

Dragon — Tue, 16 Feb 2010 15:28:28 +0000

Tom, I was wondering if you still had doubts about SPNG as a company, given all the facts to date? BTW, I’m long. I don’t have the personality to do trades.

I think this company is going to have a very good run after the wells notice is answered, and after the SEC does whatever they are going to do.

By: whodunit

whodunit — Fri, 31 Jul 2009 16:01:17 +0000

You have obviously missed out on the allegations of forged opinion letters and that there are over 2 billion shares outstanding. There will be SEC litigation releases about SPNG and people will go to jail, it is just a matter of time.

By: tomallinder

tomallinder — Mon, 06 Jul 2009 04:38:16 +0000

This site is free; not quite sure what I would charge for… ? LOL

By: Michael S

Michael S — Sun, 05 Jul 2009 04:29:39 +0000

Hi Tom,

Let me first say how much I enjoy your websites and content. Your technical analysis is rock solid and unbiased. That is critical to all investors, especially shareholders of the stock you are discussing.

I am a long-term investor in SpongeTech. I enjoyed this article and believe you have discussed some very important points.

I would like to add that this company is currently only selling “sponges” as you point out. And despite the company’s intent to grow their product offerings from over 20 to 100 (words from the CEO, CFO, not mine) the tipping point for this company to explode will be the licensing of the technology (“Delivery System”) to producers of existing water-based solutions, cleaners and other liquids.

Imagine walking down the isle at your local supermarket or hardware store and looking at all the cleaning solutions that could potentially be put inside a SpongeTech sponge and marketed by the original company. As CEO Michael Metter says “That’s the grand slam.” Mr. Clean, Scrubbing Bubbles, Dawn… The list goes on.

This really makes this company look different in 3 to 5 years. SpongeTech’s product line will continue to grow. But the leveraging they will get from licensing to other companies is an explosion of revenue that maybe only 3M could really identify with. And (if I may speculate) could be a potential suitor if Proctor & Gamble doesn’t scoop them up first.

Please keep up the great work!

By: tomallinder

tomallinder — Sat, 27 Jun 2009 20:40:47 +0000

Tom,

I have been trading/investing in microcaps for 12 years now. Very rarely is a microcap worth investing in long term. Even a lot of listed companies are not worth investing in.

Now, SpongeTech could, possibly be a good long term investment. But, I would be careful with it as I would any company I was invested in.

I am a technical trader, I will hold a stock as long as it doesn’t violate any of my rules. That means I may hold a few days or even a few months.

I hear the big experts out there saying “You can’t time the market”… I believe that is NOT true at all. My methodology is simply to ride uptrends, not downtrends…