Spongetech Delivery Systems, Inc. (fka SPNGQ)

[bigdaddyc25]

ROB, this is the best they can do.....lol...... they can slice it any way they want.........$40M in sales will equate to about $10M in profits (Q1 results support management estimates) a multiple of 10 which is a joke gives you a CAP of $100M

this gives you a PPS of $0.12.......

and a big chunk of the 800M shares O/S owned by management and restricted.......and will be purchased back at $0.018.......this along with the 50M share buyback will reduce the O/S to under 500M------------equating to a PPS of $0.20.........

NOW, use a more reasonable multiple for a company growing EPS in the thousands of %, say 50, and you get the picture............

show me another fully reporting penny with profits...........this is in a a league of its own.......