Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

Take a small portion off at a dollar, I think the risk of not getting out at a dollar, is that it goes back to what fair value for the stock should be, around 75 cents. However upside could be huge in regards to the short squeeze, I'm looking for over $10 on a good portion of the position. Read the link below about another short squeeze that valued company 400x rev at its peak

From my post last night.

6m sales a week, =312m a year
10 percent profit margin
31.2m x 20 PE just like SP500, 624m market cap
=.84 FAIR VALUE

Short squeeze starts could see this thing above $10.

Read about this short squeeze involving i'm sure the same people involved in SPNG, and using same valuation spng would be trading $150 at its peak.

This company had REV of 1m, yet traded at a market cap of 400m.
http://74.125.93.132/search?q=cache:nvzAM-67614J:www.sec.gov/comments/s7-08-09/s70809-364a.pdf+penny+stock+%22short+squeeze%22+naked+shorts&cd=4&hl=en&ct=clnk&gl=us