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SPNG lets go last few minuites
Very nice bud ONE left at .044 then ONE at .045 then we're good to go next resistance .05
Nope shake attempt wasnt good pretty close to HOD again.
Agreed bud HUGE volume here EOD lets see this break .045 EOD
hey doog whats up looking great for EOD huh
Yep and its showing right now huge buying coming in.
SPNG .045 going 1 left
SPNG ONE LEFT BOOM
SPNG .045 only two left come on!
SPNG .045 only two left!
SPNG .044 on bid now LETS GO
SPNG .044 going here
SPNG .044's going here
Volume is huge here lets see a run
YEP going to be huge IMHO
SPNG .044 one left .045 wall next
SPNG NEWS Post # of 3159
NEWS! Share repurchase approved!!!
SpongeTech(R) Delivery Systems, Inc. Approves Share Repurchase Program
SpongeTech(R) to Repurchase Shares of Stock
NEW YORK, Aug 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- SpongeTech(R)
Delivery Systems, Inc. (SPNG) announced today that its Board of Directors has
approved a repurchase program of the company's free trading shares of common
stock. The company is authorized to repurchase up to 25 million shares of stock
under the plan, which takes effect Monday, August 18th 2008. The broker of record
representing the repurchase program will be R.F. Lafferty & Co., Inc. The company
has, issued and outstanding, approximately 400 million shares of stock, of which
267 million shares are restricted shares issued for financing and advertising
purposes. The company also expects to repurchase these shares within the next 18
months. Management and the Board of Directors feel strongly about the company and
its growth prospects, and feel that a repurchase plan at this time is justified
and prudent in its development, as well as enhancing shareholder value. The
repurchase plan authorizes management, at its discretion, to repurchase shares in
the open market or in privately negotiated transactions as permitted by
securities laws and other legal requirements, and subject to market conditions
and other factors.
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or
visit the Company's website at: http://www.spongetech.com .
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a development stage company, which designs,
produces, and markets a unique line of reusable cleaning products for household
use. These sponge-based products utilize SpongeTech(R)'s proprietary, patent (and
patent-pending) technologies involving hydrophilic (liquid absorbing) foam and
polyurethane matrices. The Company's sponges are specially configured with an
outer contact layer and an inner matrix, the latter of which comes pre-loaded
with specially formulated soaps and wax that are released when the sponge is
wetted and applied to a surface with minimal pressure. The Company's current
product line is designed for Car Care and Pet Care, however, SpongeTech(R) is
currently exploring additional applications for its technology including an
anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath
sponge for children.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of
1995: The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's results from new
products in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The results anticipated by any
or all of these forward-looking statements may not occur. Additional risks and
uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the
year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for
the first quarter ended March 31, 2006. The Company undertakes no obligation to
publicly release the result of any revisions to these forward-looking statements
that may be made to reflect
events or circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.
Contact:
SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com orinfo@spongetech.com
SOURCE SpongeTech(R) Delivery Systems, Inc.
http://www.spongetech.com
Copyright (C) 2008 PR Newswire. All rights reserved
GREAT NEWS
SPNG LETS GO RUNNING HERE
SPNG hodling very well over lunch good sign for EOD IMHO
SPNG holding up very well over lunch it should be strong EOD.
Exactly once we see new revenues after these orders have all been completed sponge should be seeing ALOT of revenues and it should leave the stock at these prices looking like serious cheapies.
Agreed bud.
I know whats going on here lol looks like someone really wants shares .043x.042
TY bud nice overview here.
SPNG .042 only one left now
JYTO nice run looks good.
Came close but a very strong rebound now. check out the l2 screen i posted huge bids up now.
SPNG l2 screen bids stacking @ .041 looking very good here
SPNG l2 screen bids stacking @ .041 looking very good here
Exactly bugg once the flippers take their profits we should see a nice run here did you see how quickly we rebounded? clearly alot of people want shares under .04
Agreed OG the chart looks beautiful all indicators are bullish i think this was just a shake let the weak hands out and lets go.
SPNG NICE bounce right lets see a turn green here.
Exactly shorts covering and share buyback huge run past 2 days more to come imo
Thanks chuck great update i think they nailed it with that one.
Agreed we see 30M worth of booked orders IMHO once those revenues hit us in full we should see a HUGE run here. i think beacon equities report today says exactly where we should see this sometime this year.
SPNG chart SERIOUS pincher IMHO we could see ALOT more from this pinch.
SPNG taking off here .042 falling lets see HOD close
SPNG .044 one left lets go.. lets see .045 wall tested
i agree ant