Spongetech Delivery Systems, Inc. (fka SPNGQ)

[flaflyersfan]

msmick33, thanks for that;

People calculating a Float of less than 100 million on SPNG when there were 850 million shares O/S before they gagged the Transfer Agent may require further psych evaluation.

Why people cannot accept that SPNG is a typical diluting OTCBB stock is so odd. The SEC filing show that they make more $$ selling stock than selling sponges is ignored.

Net income (loss) $ 1,076,053

Issuance of common stock for consulting fees, loan payments, advertising, and other $ 3,279,528.

Advertising has increased dramatically since then. As I predicted, more stock will continue to be issued to pay for it all and SPNG will show a loss next Quarter.

Outstanding Share Count has not been posted here in 3 weeks. What does the compnany say that it is now? My guess is easily 900 million with te trading activity here. Real, new, fresh printed shares.

Looking forward to hearing what the company says before they have to print the truth January 14, 2009.

Good luck.