Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

1yr Fair Value Calculation $8.15!!! Risk $500 to make $100,000, no joke.

With the Lysol, marvel, and Viacom deal, I think its fair to say we can go from doing 25M a month, to doing $35. Remember, I think we did over 30M in sales in mid summer, so that’s only a 5M increase. Reasonable.

$35 Million a month
x
12 Months
x
20 % profit margin
x
20 PE RATIO

=

$1.680 Billion Fair Value Market Cap 1yr out

Now, we divide that by the numbers we get from SPNGDD, which you can get from going through the buyback programs, and looking at RME’s before and after.

We get 206M shares.

1.680B
/
206M
=
$8.15 Fair Value Market Cap!!!!!!!!!

Now you can either be a believer in the company, or not, you have to ultimately choose. But I have my money where my mouth is, and believe the numbers are good. If you want to buy into the flip side, where the companies a fraud, and the outstanding share base is far higher than what they claim, then that’s your decision.

But remember this. Within a year,

We signed a deal with Viacom
Signed a deal with marvel
Are now being carried in walmart, and 3 of the top 5 biggest us retailers
And perhaps have a deal with lysol
And much more,

So here, you risk 4 cents buying here, looking to make $8, not including the squeeze prices. Shorty is going to pay for all the counterfeit shares he sold. So you put $500 in, it either goes to zero, or in my opinion will be worth exactly $100,000 when we trade $8.

See you guys at $18, remember the number, I’ve said it before.

SPNGDD.com
http://spngdd.com/2010/01/19/estimate-outstanding-shares-float/

If only the Regs, could take out a calculator and take 8.15 X phantom/airshares/counterfeit shares the hedge funds illegally sold, maybe they would get serious, and stop letting shorty add at 4 cents while he keeps trying to put off what hes got coming