Spongetech Delivery Systems, Inc. (fka SPNGQ)

[FinancialAdvisor]

The company and insiders weren't afraid to sell it down initially to .07, it's more then twice that right now, give it some time, they apparently aren't having a problem financing the advertising across the sports world. A retest of .07 to form a double-bottom would not surprise me from a technical (and even fundamental) standpoint.

This would easily exceed the 4x book value. And a relative P/E of about 25 given the potential common and preferred shares as well as the potential authorized and shares set to be exercised into the future. GOOG reached lofty P/E levels during the recent secondary tech-bubble, so bubbles aren't that surprising, and this is literally and figuratively setting up for that.