Falken Industries, Ltd. Message Board

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Non-Tech : Falken Industries, Ltd.

FLKI 0.0001000

0.0%

Mar 7 3:00 PM EST

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From: JustForBucks	10/7/2009 4:43:43 AM
	of 106

Letting a little sunshine in on the SPGN rumor. An FLKI Board Member asked : “I have heard that Falken was in talks with a company called Sponge-Tech (SPNGE). This company is currently under SEC investigation and I am concerned about my investment. I don't want to be scammed.” This is my reply to: howarde the author of the question. Before responding to you, I've taken a careful look and spoken unofficially to a number of people which I believe in the know i.e. industry officials, trade officials etc including the communications director at FLKI. Falken has officially not confirmed nor denied talks, but that was addressed to the "rumor" that organic styled talks were going on with two Fortune 500 which obviously would lead to a likely acquisition of FLKI. Note however that people who know the company also know that its management has a voracious appetite for its innovative independence and that that management believes that being acquired by a major would drive Falken ingenuity into the doldrums as witness the three companies which compete with it and are owned by majors. I believe that it is the historic strategy of management to stay independent which of course caused the rampant profit taking in FLKI that you have witnessed over the last month, crashing it to only 400% over the starting point and as of yesterday confirming this bottom - I have called the bottom at 19 cents and am not likely to be proven wrong. By the way even when pushed, the communications officer maintained that the official position of the company is that it will not confirm or deny that talks are continuing relating to the strong interest of (he slipped on that one) three major companies. Going to your Spongetech SPGN concerns, you should have none. While Spongetech quite smartly apparently did enter into talks (because in appearance the synergies are incredibly good), and a manufacturing proposition was possibly submitted by FLKI, it was on a money up front basis, and at a very long arms lenght. Knowing FLKI as well as I do, there is no way it will proceed during an investigation (and even less so during a suspension of trading on incredibly inflated SPGN shares), and assuming SPGN is cleared - though its reputation is forever tarnished as we know from the rules of this game - without perceiving and extracting a heavy price from SPGN. You absolutely have nothing to worry about any rumor involving SPGN as far as I can tell if the investment you speak of is an investment in FLKI, which between you and the lamp post I propose will double by the end of the year - in fact I'd say you should add some with a .204 cent bid picking up all the stragglers under .19 and the .19. I hope this is responsive to your question.

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