I was reading “Ridiculous-Ideas-That-Made-People-Millions” today and I found it very interesting. This article automatically lead my mind to my favorite company (at least for right now), SpongeTech (SPNG). Is it possible that this silly company with and innovative idea like soap-infused-sponges, can make me a millionaire?Probably…if I have enough patience to wait that long, but I only have about 140K shares and will need it to be worth over $7 per share for me to be a millionaire.
One thing I am sure about though, is that this company will surely make me a six-figure-naire, which I will then parlay into millions. For this to happen, this stock just has to be worth a least $0.75 (which is very very possible). The company’s fiscal year ends this month (May) and they predicted to make $4o million in revenue. They already have that under their belt and the month is not even over yet. On Friday the company put out a press release about how they had more than $10 million in new orders in the last 15 days.
All of this action and SpongeBob has not even hit the retail stores yet!Lol. Wow, this only gets better because Dora Explorer and Go, Diego, Go(and I am guessing more in the works) will be following SpongeBob into retail store for more revenue for this penny stock company (not for long). SpongeTech’s marketing team is the best because this company is everywhere.
SpongeTech banners at MLB games
Commercial on CNBC (How many penny stocks can do this?)
Anyways…I was sitting at work on Friday after the stock market closed thinking ” I just made $1,400 in the market today and I made roughly $140 at work today (that’s 10 days or 2 working weeks of working at the job).” Something about that thought didn’t make sense to me, how can I make more more money by spending no time (passive income) compared to me spending time at work? Come on SpongeTech! Take me closer to FREEDOM.
SpongeTech Will Make Me A Millionaire: Part 2
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Hey Chiko
Do you think it’s too late to obtain shares from Spongetech? I have about 1500 dollars and I was looking into purchasing some penny stocks.
Be safe and happy investing!
Comment by Mike — May 17, 2009 @ 12:32 AM
Mike I don’t think it’s too late. Think about it….SpongeBob has not even hit the stores yet, the company is planning on moving to NASDAQ, the company has more product lines in the works, and the share price is extremely undervalued at this point.
There is no doubt in my mind that this is a $1 company waiting to happen and if you get it at this point you will not think it was too late later on.
Comment by chiko777 — May 17, 2009 @ 1:16 PM
That’s another $2,000 gain today! I’ll take it, how about you?
Comment by chiko777 — May 18, 2009 @ 11:20 PM
Chiko,
I’ll take it! I’m getting in on this during the week. Even at .05 a share, there’s money to be made I’m sure!
Comment by Mike — May 18, 2009 @ 11:34 PM
Hey Mike,
Welcome to the team of Spongetechers! lol. This company seems to amaze me every step of the way. This is a penny stock company that has the heart and stats of a big company.
Comment by chiko777 — May 19, 2009 @ 5:21 AM
Hey Chiko,
Down by to .04 today….hopefully she continues to climb to 1.00!
When are you starting your MVP picks for penny stocks?
Be safe,
Mike
Comment by Mike — May 19, 2009 @ 8:23 PM
Hey Mike,
Did you get a chance to buy some shares of SPNG? Today was just a little profit taking by traders, but we will be back on the up rise. The M.N.S.P. (Monday Night Stock Picks) will be coming once we reach 50 subscribers.
This should be happening in the next couple of weeks, I expect to start posting the picks in June.
I kind of like MVP (Most Valuable Picks), I might change the name to this or do something with it.
Comment by chiko777 — May 20, 2009 @ 4:50 AM
Hey Chiko,
I have 12,500 shares so far. Not much, but I want to see how things go. I may purchase another 12,500 – 15,000 shares in a few days as well.
When do you think Spongetech will take off?
-Mike
Comment by Mike — May 22, 2009 @ 10:33 AM
Chiko,
HSN is hosting Sponge Tech on May 26th! That’s a great opportunity for them to explode. Hopefully they do…
-Mike
Comment by Mike — May 22, 2009 @ 1:37 PM
Good job Mike! Spongetech is already taking off and continues to do so. But once results from their fiscal year comes out and spongebob gets into a major retailer…you can forget trying to chase this one. That is when we will see $1 per share.
Shortly there after, large investors will start buying in and push this company over $5 per share. At this point I will stacking dough (making money) hand over fist!
I will be watching HSN come Tuesday next week.
Comment by chiko777 — May 22, 2009 @ 7:45 PM
Hey Chiko
OK—so the Spongetech on HSN wasn’t as successful as I thought it would be….lol
I got the hint when they wouldn’t show the amount of units sold as they did with other products. Made me think they didn’t sell enough to boast about it on TV. I could be wrong, and for our sake I hope I am.
The stock has gone down to .03 today…..you think the turn around is coming? HSN had to do SOMETHING for their sales. You just don’t go on HSN and *not* make money.
I’m hoping this is sort of the last drop before it begins to take off. Another stock I’m watching is MDOR. It started at .33 cents and is now at .91!
I have a few others to watch….I’ll fill you in when I’m sure.
Be safe
Comment by Mike — May 27, 2009 @ 1:09 PM
I agree, I think they could have done a lot better than they did….but their retail sales are up and that’s all that matters.
The car washing sponge is good, but nothing is better for this company than the spongbob bath sponges that will be hitting retail stores by the end of June.
The price has pulled back a little to consolidate….but don’t mistake it as adowntrend.
The fiscal year is coming to an end this month and they will announce record sales and net profit and that will push the share price of this BABY TO RECORD HIGHS!!!! Sorry….I am a little excited…can’t you tell?
Comment by chiko777 — May 27, 2009 @ 2:43 PM
Chiko,
Up .10 on Spongetech!! I’m tempted to sell…since I’ve more than doubled my initial investment..but something tells me to hold on just a bit more. The profits are continuing to roll in and I feel the best is yet to come.
Any other news?
-Mike
Comment by Mike — June 5, 2009 @ 4:08 PM
Congrats Mike!
We are making money on this baby! I know exactly how you fill right now, I am up more than $10,000 on this stock alone. But something….something tells me to hold. I’ve never seen a company like this one before and I don’t plan on missing out on whatever this company plans to do.
This company plans to move to the NASDAQ, they plan to roll out products from their other divisions (Medical, Cosmetics, etc.), they plan to be a 500 million dollar company (right now at 70 million…that’s another 400% increase at least, which equals .40 at these levels (.10 x 4)).
What an amazing ride this has been thus far. Let’s hope that this company continues to deliver….My millionair status depends on it. lol.
Comment by Chiko777 — June 6, 2009 @ 9:17 AM
[...] wasn’t too long ago when I started thinking about the possibilities of SpongeTech bringing me closer to my goal of financial freedom by the age of 25. Since then, I’ve come to see that vision clearer and have made some money [...]
Pingback by MyBarnabas : SpongeTech Will Make Me A Millionaire: Part 2 — June 6, 2009 @ 12:05 PM
Chiko, I like your enthusiasm over this stock. I got in on it on a whim 2 weeks ago after going to a Mets game and wondering what the hell is spongetech.com?? is it birthcontrol?
After looking it up, I decided to buy 50,000 shares and see what a 3 cent stock could do with in Stadium placement and HSN commercials and a 3rd Qtr Sales record that blew away ALL other Qtrs.. Needless to say.. Today ROCKED. 40% Gains each day for the last 3 days is un-heard of and when the Q4 report comes out in a week, I am hoping it hits 50cents….
Comment by JMan — June 8, 2009 @ 6:17 PM
Welcome Jman! This is got to be one of my best stocks so far, this company has soo much going for it that I can’t even keep up. This baby is surely going to a $1.00, that means $50,000 for you Jman…lol. You’ll really be stacking then.
Comment by chiko777 — June 8, 2009 @ 6:56 PM
Very interesting site, Hope it will always be alive!
Comment by propecia — June 10, 2009 @ 2:09 AM
Thanks Propecia, welcome to Mybarnabas.com!
Comment by chiko777 — June 10, 2009 @ 4:59 AM
[...] that right now, but the sad part about it is that I made over $5,000 in the stock market today (On my quest to a million dollars) while wasting time at the office (at least that is what I was thinking at the time). Think about [...]
Pingback by MyBarnabas : $5,000 + Day In The Stock Market! — June 11, 2009 @ 7:11 AM
100000 @ 12 cents today 6500 tomorrw who knows
Comment by ron — June 11, 2009 @ 8:20 PM
Congrats Ron, for joining the team….we welcome you.
Comment by chiko777 — June 12, 2009 @ 12:54 AM
Hi! I like your srticle and I would like very much to read some more information on this issue. Will you post some more?
Comment by GarykPatton — June 15, 2009 @ 9:00 PM
Thanks Gary…Check out part 2 http://www.mybarnabas.com/?p=1133
Comment by chiko777 — June 15, 2009 @ 9:37 PM
[...] I sold my shares of Spongetech to free up some cash to purchase some new companies for stock gains. It’s been a long road with Spongetech, but every good thing usually comes to an end. Spongetech will surely move on to $1 but I am [...]
Pingback by MyBarnabas : How I Lost $5,000+ In The Stock Market — August 22, 2009 @ 11:55 AM
Good luck on your path to millionaire status. My stock pick is Mentor Capital (MNTR). They have a 20% buy into Quantum Immunologics, that could make the stock price rise by leaps and bounds due to a medical breakthrough.
Comment by mlgreen8753 — September 26, 2009 @ 11:46 PM
Uh oh!!! Spongetech is not trading, lawsuits are piling up, and your millions are going down the drain…..it seems the best sponge they made was the one that sucked up all the investors money!!!
Comment by uhoh — October 12, 2009 @ 4:23 PM
I’ve already made my money with Spongetech and have sold all my shares since then.
Comment by Chiko777 — October 13, 2009 @ 5:36 AM