Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

"I still have a sponge to wash my car in the garage. Bought mine back in the day no problem."

And I bought electricity from Enron and have a friend who ran a venture fund within Bear Stearns for years before they went belly up.

What is the point?

Lots of penny stock scams have real products. That is totally irrelevant.

If my goal is to print and sell shares of stock, I can buy an item for $10 and sell it for $1 and have a "business" with real products and real sales.

SO WHAT?

That "business" will terminate as soon as I am unable to print and sell enough stock to keep paying for my "business" losses. Then it's bankruptcy time.

When the only way I can keep selling enough stock to finance the charade is to report fake sales to non-existent entities that I just make up - then the SEC comes and shuts the "business" down to protect future investors from being skinned like existing investors were.

So sponges are irrelevant to SPNG. Totally irrelevant.