SpongeTech SquarePants, or SpongeBob Delivery Systems?
I swear I’m not making this up. For all you who jokingly referred to the small cap company SpongeTech (SPNG) as the cartoon character SpongeBob (SpongeBob Squarepants), well, you may not have known how right you’d eventually be. As of today, SpongeTech is licensed to create a SpongeBob bath sponge. Like all of SpongeTech’s sponges, these children’s bath sponges are pre-loaded with soap…perfect for kids and easy for parents.
Yes, I promised to drop this company, and I will. I just thought this was too good to not mention. If there was ever a more appropriate product/licensing tie-in, I can’t think of it.
Frankly, I think this is one of the very first marketing venues I would have tried to tap. SpongeBob is huge; the cartoon attracts 70 million viewers every month. (And I admit it…I occasionally get roped into being one of those viewers by my two nephews. It’s not a bad show actually.) The target customer is the same for both the show and the sponge…2 to 5 year olds.
I wonder if this product line could be the one that really puts the company on the map. I can’t wait to see the product - should be pretty hilarious.
There’s also a ‘Dora the Explorer’ and a ‘Go Diego Go!’ sponge on the way, but those clearly don’t have the same brilliantly-ridiculous charm that you get when you turn a talking, cartoon sponge into a real, functional sponge.
I’ll see if I can get a picture.
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SpongeTech “SPNG” Is in a consolidation period for the next 2 days and Has some Huge Press Releases coming out late weds or Thurs Morning.. This stock Short Term will cross .50 for a Reverse Split to Retain its Nasdaq Rating Before July 1st
Editor’s response: If you’re in, I hope for your sake it does. I don’t see it happening though. Good luck.
Comment by PennyHot's! — 6/16/2009 @ 1:55 pm
This Stock is a Gold Mine. I paid .07 for it and Its Ready to Run to $1. Just waiting for the SPONGE BoB Orders to Ship annd they have MERGER Plans for getting on Nasdaq..
EveryBody Should Be a Share Holder..
Comment by StocksRus — 6/16/2009 @ 1:52 pm
Whats up Now? Stocks moved 30% this week. Volume is Nice & Monthly sales ## look good. Somebody said Warrne Buffet had a Tender offer at .25 on this stock for June 15th…
Whats your thoughts on the .0286 value ?
Editor’s response: I’ve heard nothing about a Warren Buffett offer. Sales volume does look good - the company is doing it’s part.
I think it’s a bargain at 2 cents. As I’ve said before, I think the stock is ‘worth’ 20 cents. However, unless the rest of the market agrees, it doesn’t matter. A buyout would be a great thing at this point, though to my knowledge that’s not even on out there as a rumor. Guess we’ll have to do it the hard way…. with patience.
Comment by Fast Sponge Fever — 5/14/2009 @ 2:01 pm
SPNG has been solid in proffits and growth, so why can’t they get a break in the stockmarket.
When can investors expect happier days?
Thanks
Editor’s response: Great question.
The short answer is, “because stocks don’t always trade at what they’re worth.”
The longer answers is “Because as well as the company has done, the market just can’t get past all the dilution. The company has historically issued stock to raise funds in the marketing effort. Though the investment has more than fiscally paid off (the upside is greater than the downside), investors haven’t looked at the math. All the market sees is a 100% increase in the number of shares without seeing the 400% increase in sales and earnings.”
It’s not fair. But, it is the way it is.
Comment by Bro Jeryl — 3/25/2009 @ 6:08 am
is commerceplanet dead? Have not heard anything since SEC began investigation.
Editor’s response: Dead as a doornail. Actually, they still technically function, but effectively they’re dead.
Comment by nicholas Wipond — 11/7/2008 @ 10:23 am