Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

You're welcome and thank you.

Kind words appreciated.

Readership appreciated.

PM…

Thank you.

You have a pleasant weekend also.

Rich...

We'll start here…

(Mr. Metter during the initial Q&A.)

1_

"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"

"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."

2_

"Would you entertain a 1:100 reverse split to get listed?"

"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."

[ Well, we’ll deal with it when… . ]

And, so, a possibility?

What we need consider is that achieving the senior listing ASAP is paramount. By any means available. And bearing in mind that a consolidation, of any magnitude, has no impact on value. Same value after as before. And let's take a 1:50 consolidation as an example. An SPNG position of 150k:

Pre-split...

150,000 x $0.12 = $18,000

Post-split...

3,000 x $6.00 = $18,000

And, sure, many times at basement level a consolidation of 1:50 yields, soon thereafter. a full retrace back to pre-split levels. And courtesy of management applying equity. Dilution. Coupled with MMM. But what we're talking about is achieving a senior listing. Moving upstairs.

And at the recent NASDAQ meeting?

And again…

"We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."

And, doubtless, the listing Panel was curious as to why no intent of a consolidation. Achieving the needed initial listing pps via the path of least resistance. And no. We don't know what went on at the meeting. Exactly what it was was discussed. But if a consolidation had been deemed the best approach by management? And, indeed, we'd know. Three of the four qualifications plus a consolidation. Four of four. Senior listing achieved.

There's been an open market buyback. Significant capital applied. There's been retirements/cancelations. Personal financial sacrifice. And we've been told by company IR that a consolidation would mean a change of company ticker symbol. And whether temporary or permanent we can't say. And we have our 'entrenched' friend and the possible associated 'personal' angle, as earlier discussed.

The bottom line being that a consolidation would be damaging. Be not smart. But, possibly, in the 'end' necessary. And management again…

[ Well, we’ll deal with it when… . ]

We have to achieve the senior listing. Company cannot succeed long-term in the absence of. Has to be. One way or another. And as it currently stands, NASDAQ meeting and all, it's looking like it'll be the shareholder respectful route. SPNG millionaire$ reality. And kudos.

As for the Outstanding count?

We want and need that which facilitates the intended squeeze play. We want and need, firstly, to expose the 'entrenched' position. Clearly demonstrating the reality to both the DTCC and the SEC. Job one. The fact of there being more shares held inside and outside, together, than there are Issued and Outstanding. The nakedness. And management continues to retire/cancel to that end. With job two being to squeeze the perpetrators. To force covering. A little something that can be achieved via a number of means. Combination of means. Involving certificates, CUSIP number, dividend(s), etc.

Management having formulated a plan. There being a certain and specific way they intend to proceed. Sticking it to the perpetrators. And entirely understandable if the 'ransom' chatter does represent the factual. Unmitigated gall.

The perpetrators obviously figured that the SEC wouldn't come through and that management would fail in their ongoing effort to being value to shareholders. But no such. The SEC came through and so has management. Putting said perpetrators in a very costly (ahem) position. The criminality being, now, the lever to the longer-term success of the company. The tables turned. And how poetic of course. Having the last laugh. And who'd a thunk?

Another very important consideration being the base from which to launch. And, certainly, $0.12 isn't it. Or thereabouts. And our good friend 'having fun' made mention of having had a dream last night.

And…

"I had a dream last night...checked my computer one morning and the spng price .68. I never dream these sort of things, maybe a premonition? Never hurts to dream. It will eventually get there, dream or no dream."

And prescient? Relative to my own thoughts? Because the simple fact is that my own personal perspective is that we'll see market level stably in the $0.50 to $0.70 range by the time the coming audited numbers are officially posted to the relevant database.

Management firing on all cylinders. It being none too difficult to see that the PR campaign, the specific wording within, is specifically designed to overcome the recent manipulation/fallout. Getting back to the pre-'black' Friday trading dynamics. With it being unfortunate that the major markets/exchanges did collapse as they recently did.

But not to worry, as the tide has very much turned. Bottom having been hit. The technical signaling strength.

With, absolutely, a need of a higher base from which to launch. Significantly in advance of the $0.12 area. Managerial intent. Buying and holding.

And said manipulation? The 'short and distort'? And the perpetrators behind our 'entrenched' friend? And any connection? Certain parties getting a tad nervous?

The senior listing will come. Down the road. At a time when the July gross revenues numbers will be available. At a time when the August such will be known in large part. The fighting of the good fight to continue. Management retiring/canceling. And not a wasted effort because we know that there's no getting naked any more. Not happening. So each and every retirement/cancelation has a tangible impact at market level. Speaking for itself.

The worst being over. The tide having turned. Market level back to the pre-'black' Friday dynamics. The SPNG truth having emerged.

America's Cleaning Company.

Money in the bank in the absolute.

John...

"Any idea when SPNG can start moving to, say $0.20-$0.25?"

We're headed there right now. The tide having turned. Management firing on all cylinders. The faithful longs fighting the good fight. No shortage of material company events detail in the offing. Inclusive of a certain anniversary and gross revenues detail. July numbers as the month progresses. Management not about to miss any opportunity to make plain yet another record month. Headed that way. So on.

Market level poised to climb as previously. The truth having emerged.

Buying and holding.

William...

I've updated the graphical with a secondary chart. The Volume...

http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=3&compsyms=&D4=1&DD=1&D5=2&DCS=2&MA0=0&MA1=0&CF=1&D7=&D6=&showchartbt=Redraw+chart&symbol=SPNG&nocookie=1&SZ=0

Noting the daily stats. associated with the earlier run-up vs. that associated with the manipulation/fallout. And bearing in mind that the 12th saw a High of $0.2851. Significant out-of-the-gate entering/adding.

The volume picture speaks (ahem) volumes. Telling us much. Just how lacking in conviction the recent trading has been. Folks holding tight.

A return to the prior dynamics. All of it. In the making.

America's Cleaning Company.

The truth having emerged.

Bpolori...

Thank you.

"BTW, do you think the company is going to retire shares? How do we get to NASDAQ and when IYO?"

And yes. In the absolute. Continued tightening of the Outstanding stock count. Imperative. Setting the stage in full.

As for 'how' the senior listing?

We can't say.

Could turn out to be via M&A. Management, we know, being entirely open to such.

And if so?

Well, a bomb of a PR sending market level soaring.

But, if indeed, the fundamental/operational/squeeze play approach is it?

And not, again, until the coming audited numbers go primetime. Jumping the gun would be self-defeating in the extreme. Completely asinine. Not something management would do.

We want and need the best possible market level outcome when the squeezing begins. We want and need a higher base from which to launch. We want and need the big money to feel comfortable in their collective assessment of America's Cleaning Company. We want and need the July and August numbers available. We want and need the Outstanding stock count to be in line with overall intent. We want and need continued fundamental and operational advancement in general. So on.

We want and need to set the stage ideally.

Best possible pps outcome. The massive buy-side inclusive of short position covering. The legitimately positioned and the criminal.

Having to wait. Needing to wait.

It being only a matter of a few weeks. And in the mean time market level will climb. A return to a trading pattern in line with the prior dynamics. Volume and all.

A few weeks. And not exactly a big price to ask in exchange for million$.

America's Cleaning Company.

The shareholder respectful.

Gotta love it in the absolute!

Risk/reward nirvana.

And all the best to all.

Staying safe.