Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

Jeff,

Appreciated.

Thank you.

And thanks to the rest.

With it having taken virtually the entirety of the weekend just to convince all involved of what it actually was catalyzed Friday's activity. And would've been helpful had said all been on the same page sooner. But alas!

And, certainly, it's only natural to support one's own investing/trading interest in the absence of undeniable reason to do otherwise. And yes. It being for the overall best for management to formally address the manipulation. The continued honoring of fiduciary duties. Though, having said that, we need also consider that said management is extremely busily focused on building a very real company and is, additionally, diligently hard at work in line with bidding a welcome goodbye to the BB ASAP.

And a merger? Buyout? The possibility? And, certainly, entirely realistic. And an example…

(January 5, 2009)

'GeneThera, Inc. (OTC: GTHR) is in discussions with a public company traded on the NASDAQ for a potential merger or acquisition.'

'The Board of Directors at GeneThera believes a merger with a larger, more recognized company to be a great way to bring the company's technology and latest developments to market.'

'"Any merger will greatly enhance shareholder wealth and allow us to maintain control over our existing projects," noted GeneThera's Dr. Tony Milici.'

It being a good idea for SPNG longs to isolate a few target/suitor possibilities. Doing a little homework. Seeing what we can come up with in the way of fitting mutual benefit. Synergy.

SPNG...

Industry:
Household Products

Sector:
Non-Cyclical Consumer Goods & Services

With it also being within the realm of possibility that what we witnessed Friday was related to a hostile takeover attempt. Far from out of the question given the fundamental obviousness of SPNG. The rate of growth/expansion. The pps reality. An entity(ies) seeking to gain control. Or, at the very least, be in a position of leverage. SPNG, in light of the market level gross undervaluation situation, representing a choice takeover target. Entirely realistic.

Much to consider.

Now and later.

And today's action? Out of the gate? And a walk-down followed by a walk-up...

http://www.nasdaq.com/aspx/chartingbasics.aspx?intraday=on&timeframe=intra&charttype=ohlc&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&symbol=SPNG&selected=SPNG

The lion's share of the session's volume involved. MM's maximally profiting (as always) with many retail Buy orders placed in line with a possible opening dip. An easy enough read. With the major markets/exchanges taking a bath. Ugly session all around from a long perspective. The overall sentiment to the down-side. Not helpful. Better days to come.

The fallout from Friday at an end as of today's Close. The overall trading dynamics to return to the pre-Friday reality. In line with continued good word from the inside. The Friday carnage over and done with.

While on the Accounts Receivable front we have…

May 31, 2008:
$4m

February 28, 2009:
$14m

And…

'Accounts receivable have been adjusted for all known uncollectible accounts. As of  February 28, 2009 and May 31, 2008  there were no doubtful accounts. International accounts represents sixty-seven per cent of total receivables as of February 28, 2009 and approximately seventy  per cent as of May 31, 2008.'

'The Company has continued to experienced significant revenue growth through the nine months ended February 28, 2009.  This trend, if it continues, may result in higher accounts receivable levels and may require increased production and/or higher inventory levels.  Should our cash requirements to fund these requirements as well as other operating or investing cash requirements over the next twelve months be greater than our current cash on hand, we may seek to obtain additional financing.'

With our having heard, via the grapevine, about a recent meeting with a large investor(s).

Today's formal word continuing to paint the to-smile-about picture. A serious ramping up of marketing in fiscal '10. Building upon that which has been so extremely effective to date. Value/valuation. The coming new SKU's and all.

And...

'Management has made the choice to heavily invest in furthering our brand equity and recognition in the marketplace.'

Money in the bank.

Onward and upward.

A buy and hold special.

The Friday fallout over and done with. A return to the earlier dynamics in the offing. The wholly understandable. That which simply fits.

Green and more green.

Mingy…

The number you reference does not refer to institutional holdings. It refers to 5% ownership threshold. Dated detail. And a link that will help you to understand...

http://moneycentral.msn.com/ownership?Holding=5%25+Ownership&Symbol=SPNG

In SPNG we, most assuredly, stepped in something good. Massive ROI in the making in light of all. Very much inclusive of management's understandable intense push to escape the BB.

Uplisting.
Merger.
Acquisition.

Buyout.
Hostile takeover.

Money in the bank in the absolute.