Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loridans]

SPNG's fiscal year 09 begins June 1st! If we take SPNG's fiscal year 09 order backlog which I now estimate to be around $30 million... and project fiscal year 09 net margins of 14.7% (the same as last quarter), it would equal net income of $4.41MM or EPS of $0.02246 (based on 196.3MM shares outstanding).

EPS of $0.02246 and a P/E of 20 (which I consider low for a high growth company) would value SPNG at $0.45 per share!

This is only my opinion. I am not an analyst and I am not making any projections or target prices. Don't make investment decisions based on anything I say.

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My firm Lebed Biz LLC has been compensated by a third-party (Doug Furth) 1,250,000 free-trading shares of SPNG for a one-month investor relations contract. I have already sold these shares. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm