Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Carpedeim357]

Whip I pick up the phone and call Steve at SPNG. Steve is doing the right things for long term growth even if people don't like where share price is. When building a company its not about what share price is after 1st profitable year it's where is it after 2nd, 3rd and so on until company matures and is many 100's of millions in sales. Like I told him who cares what happens to people that want a quick buck I don't. Building companies is about creating long term profits and value. I know how big the future is and happy I can accumulate this low. I started at under 2 early this year so more I can buy this low is great. I only sell quick ones that are based on hype and not real profits. Just so few that have an eps this cheap and so undervalued. I can't find any others this is long term investment.

Talk with him and know what plans are. He seemed high on new products coming like medical uses. I did say just doing some buyback of RM shares same as they are doing with float this qrt will send a very good message to shareholders about the buyback of rm shares. He did repeat to me he plans to buy back shares by May 09 to show a very high eps. He said they consider starting that after current buyback done.