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smallcatfish

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smallcatfish

Re: None

Sunday, 09/21/2008 2:17:11 AM

Sunday, September 21, 2008 2:17:11 AM

Post# of 161
SPNG .027 X .0278 - Mid Term

IMO good entry point at these levels.

Again real company real product. Undervalued EPS

http://biz.yahoo.com/prnews/080812/cltu026.html?.v=101

Quick Facts from Press release -

The last audited financials for our 2007 fiscal year showed under $100,000 in revenue.
The 2008 year will show in excess of $5.3 million and will be very profitable.
The officers, directors, and key investors of SpongeTech® have lent the business, interest free, approximately $5 million.
We are right on target to meet or even exceed projections in excess of $30 million for fiscal year 2009.


"Nothing is impossible EXCEPT the happiness of some people!!"

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