Spongetech Delivery Systems, Inc. (fka SPNGQ)

[unityriver]

Some individuals took issue with my use of the term "going concern" to describe SPNG. Below is a definition of the term:

The idea that a company will continue to operate indefinitely, and will not go out of business and liquidate its assets. For this to happen, the company must be able to generate and/or raise enough resources to stay operational.

If describing SPNG in this manner seemed somehow negative to posters here, that was certainly not my intention. I believe the company's stability goes beyond the basics of the definition above. Perhaps I should have used the phrase "viable company" and I would not have touched off such responses.