Spongetech Delivery Systems, Inc. (fka SPNGQ)

[retireb455]

RD,
My 2 cents (no pun). I am and and have been long in this stock. Have accumulated 1m shares. Not as big a shareholder as most on this board. but wanted to state my affiliation, i never bash this stock. I will say however, i am not an NSS believer. I believe in this companies fundamentals and I believe they avoid debt by leveraging stock. This supports a healthy long term plan. If the company is successful they buy back the stock, if it goes south, it falls on the shareholder. This is the risk and gamble we take on, and I believe in SPNG, so in my mind it's worth the risk (My portfolio proves it).

Having said that, the 10Q must show us a float of 700m or less. If they have become cash positive they should either retire RME shares to debt or buy them back, further reducing float to 440 million once and for all. If one or both of those things happen this stock flies, even IF there is no significant NSS. The company may not be able to control NSS (if it is here), but they can control float and RME shares.

I don't want to get slammed by folks telling me how big the NSS is here, I've heard it since August. SPNG can help us with the things i mentioned.

I continue to buy and hold... GLTA.