Spongetech Delivery Systems Inc (fka SPNGQ)

[Carpedeim357]

reaper addressing it means you and many want RM to stop providing money needed to keep growing sales and profits. They will not stop operations now to make short term shareholders happy.

I will fill you in. When I talked to CFO in Aug I asked him what happen why did you need the money from RM. He said well we planned to have bank lines in June all set to go then credit market died and it got pulled. Lending to startup was not going to happen with all that going on.

So people think he lied about no more dilution when all they did was deal with a set back in not getting what was planned by funding it with their money the only way they could. It does not always go as planned and we are lucky to have a management who can fund this. If not they have shut down operations and killed this companies future.

They will address the nss problem and they have said that. They will when time is right and it's not soon enough for you too bad. First they have great fiscal 09 to ensure happens. Then they can make enough to deal with it along the way its still Q2. They did the first part with buyback and clearly NSS will not give up without a fight that will cost more then they can take away from operations for now. In fact best way to deal with it is build the results, pay back RM per the plan and uplist to Amex faster.

As long as on OTCBB will be tough that's why we see so many run and crash. Hard to beat the manipulation in pennies. Only going to solve it by being successful and much bigger then a 5 million 10K so far.