Spongetech Delivery Systems Inc (fka SPNGQ)

[tturner617]

Look at the Ad/Mkt expences they are tied to a % of sales. The RM $ is used for the next qtrs increase in sales--ie about 1 qtr behind. If we ever have a flat qtr, no RM money would be needed. 2 flat qtrs and the net profit for the qtr would be in excess of working capital needed (assuming the same % for CGS and Mkting) and could be used to buyback shrs with out debt financing. In fact, I'm amazed that the Co came up with the bread to buyback ANY free floating shrs.