Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

PM,

Thank you.

And the short answer?

Affirmative.

It's an unfortunate fact that there's no end of mis/disinformation routinely posted on these boards. And, thus, the primary reason why I, for one, always take the time/trouble to fully explain the reasoning behind my more general musings. Avoiding, always, the baseless blanket statement(s) routine. A routine that helps no one. Explaining at length instead. Being as helpful as possible to the neophytes among us. Those less experienced. And, so, again yes. Institutional monies do routinely flow to the OTC. A situation that gained significant traction following the dot-com collapse of 2001.

And as an aside…

The OTC plays host, primarily, to startup/development stage companies. Those in the throes of establishing worthwhile operations. But, also, the OTC plays host to no shortage of fully operating companies. Companies such as SPNG. All the right numbers inclusive of growth/expansion realities.

And a few telling examples of Institutional Holdings relative to OTCBB companies:

NEPH (Close of $1.20)...

http://www.nasdaq.com/asp/holdings.asp?symbol=NEPH&selected=NEPH&FormType=Institutional

ADLS (Close of $0.77)...

http://www.nasdaq.com/asp/holdings.asp?symbol=ADLS&symbol=NEPH&selected=ADLS&FormType=Institutional

EPIX (Close of $0.1750)...

http://www.nasdaq.com/asp/holdings.asp?symbol=EPIX&symbol=PUDC&symbol=CTHP&symbol=CPTC&symbol=NGHI&symbol=NGLPF&symbol=DNRR&symbol=GWSC&symbol=GCHK&symbol=ADLS&symbol=NEPH&selected=EPIX&FormType=Institutional

SPNG (Close of $0.1711)...

http://www.nasdaq.com/asp/holdings.asp?symbol=SPNG&selected=SPNG&FormType=Institutional

It being a good idea to retain the SPNG link. Watching closely for updates. As, they're coming.

And as for abusive shorting yet again. Been there, done that. Trading pattern doesn't support it. Neither company fundamentals. And, certainly, I'd be more than willing to read a well thought-out presentment(s) in support of the issue re SPNG provided by any willing party(ies). Discussing the matter further. Though, again, it's a simple enough matter for management to direct company legal and accounting to pursue the issue as earlier outlined. Via NOBO and the DTCC.

Today's session seeing resistance thrice broken. Close near HOD. Tomorrow, the continuation. The pps appreciation, the trend, developing into a chase situation. Building to breakout as the institutional folks get more antsy about getting in. There coming a point, both at market level and fundamentally (PR parade), when all hell will, absoutely, break loose. And will we see $0.40 plus by week's end? As talked about? It'll be close, at the very least. The results of meetings attended by management to come. Etc. Next trading week holding no end of positive formal word potential that folks, in general, will be anxious about. Across the gamut.

Friday's Close to see the High for the week. A steady rise to that point. With the near-term upside potential being unlimited in light, indeed, of the very strong possibility of continued industrial strength PR's hitting the wires.

Breakout city!

With our knowing about the company's $3m in cash. The current situation as per Mr. Metter. With cash being required for ongoing operations and continued growth/expansion. But how about the completion of the buyback(s)? What there? And raise, perhaps, a little capital from a large investor(s)? Third party(ies)? Get the buyback(s) done? Completed? Market level soaring? The company taking on a little debt in exchange for assistance with the NASDAQ nod situation?

No shortage of possibilities to give thought to. To consider.

The OTC typical being run/retrace. Long on the way up. Short on the way down. MM's being empowered to go long or short at will. Within the limits of buying power. With SPNG far advanced, at this juncture, from the OTC typical. No looking back. No longer in the hands of the day traders. A company transformed. Registered MM's getting the picture. Poised for the long side. Being well aware of the realities.

A risk/reward scenario to be not ignored. Not by any astute investor/trader anywhere.

Our steadily ascending pps eliciting ever-increasing institutional interest. And, particularly, courtesy of the recent Conference presentation/pitch. With said institutional interest being, understandably, still in the throes of the called-for SPNG due diligence. And when same is completed? Satisfied with the caliber of management? Capability/competence? The realism of the numbers? The true potential? Long-term? ROI reality?

And it IS coming.

The big money!

En masse.

Breakout city!

Massive ROI.

The balance of our trading week to see green to truly smile about. Breaking any/all resistance with ease as the weekend closes in. Chasers aplenty.

Nowhere to go but up.

Total no-brainer situation.

And thanking you again.

Always a pleasure.