Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

PM,

Your attention to detail skills are lacking.

My posting history is there.

Help yourself.

Lake...

People, far more often than not, are the authors of their own misfortune. While those of an overly suspicious nature, are generally so, courtesy of being so familiar with themselves.

Saying all same has to/needs to.

And again...

'It should be noted that on March 10 we petitioned the State of Delaware to increase the 'authorized' common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.'

[ we acted on the advice of legal counsel ]

Saying all same has to/needs to.

And Mr. Metter on May 8th…

'Our balance sheet and cash positions have greatly improved due to the increased sales of our products. We do not expect to have any dilutive financing in the near future.'

Saying all same has to/needs to.

Just follow the bouncing ball. Focusing on the empirical. None of it being a difficult read.

And, again, the telling graphical...

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 volume stats. over time. And does such add up to ongoing massive dilution? Is ongoing massive dilution what the graphical depicts?

When the daily average volume stat. was highest, the price movement was to the upside. Not the downside. And recall what we earlier talked about? About MM's and single-source activity? Order flow?

Were the company ongoingly massively diluting, our registered MM's would be well aware. And would short position accordingly. Feeding the strengthening buy-side as the pps tanked. The buy-side always strengthening in line with decreasing pps circumstance. The ideal opportunity for MM maximal gain.

None of it being rocket science.

And let, mindlessly yammer, whomever wishes to. These boards being rife with an ever so (ahem) charming combination of miscreants and clueless wonders.

So be it.

As talked about, management is firing on all cylinders. Coming on strong. A plan in the throes of execution. Leveraging criminal behaviors. The PR parade strengthening. Being on a mission. Every new material company event PR drawing ever-increasing institutional level interest.

Just a matter of time before market level achieves breakout.

Breakout city!

It's coming.

And noting the money flow situation…

http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p30008897719

And why the recent outflow?

And in line with exactly that which we want and need. The day traders, that is, bailing. In line with the bottom having been successfully called as of the 29th. In line with the recent sideways trading. Said day traders moving on to more bountiful hunting grounds. Chasing profits elsewhere. Quicker return. Session-over-session volatility.

None of it, again, being rocket science.

Just a matter of following the bouncing ball. Of focusing on the empirical.

Management's latest achievements, as PR'd, being no less stellar than the previous such. With the newly introduced marketing/branding as... The Smarter Sponge™ amounting to nothing short of the truly brilliant. The company setting its products apart from the 'competition'. And more.

And let's assume that neither yourself, nor I, had any familiarity whatsoever with America's Cleaning Company. And in attending, let's say, a major league ball game we noticed being advertised all of…

America's Cleaning Company

SpongeTech

SPNG

And how curious would we be?

And how about…

The Smarter Sponge

How curious would we be?

And kind of speaks for itself, hmm? Brilliant indeed? So simple, yet so effective. Separation from the 'competition' while sparking intense curiosity at the same time. A "grand slam" as Mr. Metter is so fond of saying. A "grand slam" of the highest order. Truly brilliant! With just two words saying it all as far as the big picture is concerned. Global reality. PR after PR.

And...

'growing demand'

The bottom line.

Buying and holding.

Jason...

I didn't recently significantly increase my SPNG holdings in the absence of justification. The bottom has been successfully called. As of the 29th. Any expectations of a lower entry/adding point couldn't be more misguided. Not going to happen. The stage set, at this point, for a massive move up. Major breakout! Management knowing well what it is they do. Being on a mission. The time to load up being now. Over the past few sessions. The day trader influence largely over and done with.

And it did take a while. But the earlier dynamics are returning. When we were free of the day traders. And, this time, no short and distort. No repeat. Cannot be. Out of ammunition reality. And did the recent criminality have a connection to certain parties? Nervous parties?

Not much time left as breakout is coming. The pressure ever-mounting. Management being on a mission. The opportunity to add/enter, at lowest possible cost, is the here and now.

Graven in stone.

And out-of-the-gate today we saw that which the technical, once again, signaled i.e., strength. The upside. And then, about a half hour into the session, the major markets/exchanges took a dip. And SPNG followed right along. Precisely in line with same.

And here's the NASDAQ Comp 5-Day graphical...

http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=1&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=2&DCS=2&CF=1&D7=&D6=&symbol=%24COMPX&nocookie=1&SZ=0

And the SPNG 5-Day graphical...

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

And compare the two side-by-side.

And no. They don't compare well over the longer term courtesy of the short and distort routine. But they do compare over the past trading week. As market level does what we've talked about i.e., returns to the earlier dynamics. In line with the natural market forces of supply and demand. An end to the manipulation.

None of it being rocket science/being a difficult read. The following of the bouncing ball. The empirical. Simple as can be.

The situation being what it is. Exactly and precisely in line with managerial intent. Bar the short and distort routine. That which came at precisely the wrong moment in terms of the overall plan. And so be it. Now washed out. The day trading contingent largely gone. Seeking more lucrative volatility elsewhere.

The stage set ideally as management presses on. Turning up the heat. Getting the job done. Market level poised to explode. The hopes of an implosion amounting to growing wings and flying.

Entirely laughable.

The bottom having been hit as of the 29th.

Every new material company event drawing ever-increasing scrutiny from the big money.

The prospect of welcome M&A.

The prospect of a welcome fitting buyout offer.

Precisely the wrong time to be sitting on that proverbial fence.

Breakout city!

Any time/moment.

Holding tight.

Nix…

A matter of due diligence…

(From the company's latest Form 10KSB.)

'Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act.

The following table sets forth certain information regarding our current Executive Officers, Directors and Key Employees:

Name
Age
Position
Since

Michael Metter*
56
President, Chief Executive Officer, Director
5/2001

Steven Moskowitz*
44
Secretary, Treasurer, Chief Financial Officer and Director
6/1999

Frank Lazauskas
48
Director
7/2001

* Michael Metter and Steven Moskowitz are promoters of Spongetech.'

And precisely the way it should be. The way desired. The reason behind the fundamental and operational advancement to date.

And…

'On March 31, 2008, we entered into a consulting agreement with Straw Marketing and Darryl Strawberry. Pursuant to the terms of the agreement, Darryl Strawberry agreed to make promotional appearances on behalf of the Company, coordinate promotional appearances with the New York Yankees and New York Mets, and introduce the Company to promotional opportunities with MLB. The agreement provides for a term of one year, unless earlier terminated by the Company.'

Promotion. The name of the game.

The Smarter Sponge

Marketing/branding. Intellectual properties rights. Where the value lies.

As our good friend 'no_BS_plz' wisely stated as regards management…

"These guys are no dummies… ."

And indeed.

From sub-$0.01 to $0.2851.

And a drop in a bucket compared to the ROI to come

Holding tight.