Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

Thanks Lex,

Very much appreciated.

And best of luck to you too.

Regards.

Jim, et al.,

Mr. Moskowitz during the Conference presentation...

"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."

And we know, for a fact, that significant amounts of RM Enterprises holdings have been reacquired and canceled. And all in the name of simply throwing money away? And if phantom shares were being still created? Massively? As of this writing and earlier? Well, would an open market buyback make sense? Add up?

And again...

'On September 5, 2008, the Company announced a share repurchase program. ... The repurchase plan will expire after 12 months.'

[ On September 5, 2008 ]

And why that particular date?

And Mr. Metter from September 2008...

'With such a volatile stock market comes tremendous opportunity. In light of that, coupled with the change in the SEC shorting rules, the Board has decided to increase our corporate stock buyback in the open market from 25,000,000 shares to 50,000,000 shares effective immediately. We have to date purchased in the open market over 10,000,000 shares thus leaving 40,000,000 more shares to buy.'

[ coupled with the change in the SEC shorting rules ]

And additionally from Mr. Metter...

'Management believes that our stock has been influenced by the illegal practice of 'naked short selling'. These people, or entities, are trying to undermine the shareholders' confidence in our Company, trying to induce you to sell your stock, and, in simple terms, hoping that if you do they will be able to buy back their short position sale at a significantly lower price. They use detailed and complicated systems, and even sell from overseas through other exchanges, to sell nonexistent shares all day long trying to create a disparity between legitimate buy and sell orders.'

'These unscrupulous entities strategize to create stock price erosion in an effort to try to force us to continue to dilute the Company to raise funds. As you know, we have invested significant money into our Company and hold a large position in stock that is not registered and cannot be sold. The float of the Company is significantly lower than the authorized and outstanding shares issued by the transfer agent. There are upwards of 300,000,000 shares that cannot, and will not, be sold into the market that could affect price dilution of our security.'

The open market buyback proceedings came largely into being following the SEC finally honoring its own primary mandate of protecting the little guy/gal. It being entirely stupid to execute a significant buyback under circumstances of massive phantom shares being created. Said phantom shares creation being no longer an issue (no pun intended). Not happening. Not since last year. And, sure, unthinking folks among us do post stupid comments on the subject. And so be it. And let any of same, instead of the trademark baseless blanket statements routine, actually explain the mechanics of just how nakedness can result, via the published clearing system, given the recent amendments to SEC rules/regs. on the subject. Edifying the clear-thinking rest of us.

And any takers?

The only way for any such to be effected, currently, would be via ex-clearing accounts. The contractual. Settlement outside the published clearing system. And not only would any such be a truly huge regulatory risk in general but would also be financial suicide in light of the upside potential in general. Widely known managerial intent as regards not tolerating such egregious abuse. Intent to fight back in a very serious way. And, sure, a smaller OTC outfit would likely be seen as just blowing smoke on the subject. But America's Cleaning Company? And not hardly as the fundamental and operational realities are there. The Reuters rating of Outperform. The glaring rest of it. There being far too much at stake. Far too much to lose. No blowing of smoke. Not even slightly. The evidentiary being there. The intent being very real. MOASS.

There being no creation of phantom shares. None. Not since last year. Simply not happening. Trading pattern realities and all. Total nonsense.

Management having executed buybacks. Open market and RM Enterprises. Cancelations ongoing. In line with the MOASS intent. A higher launch base. Exposing. Squeezing. The $4.00 plan.

Not a matter of simply throwing money away.

Time to wake up.

And on the subject of Dicon?

It being, again, about intellectual properties rights. Where the value lies. America's Cleaning Company, alone, seriously accreting the value/valuation of Dicon over time. It making huge sense to acquire the company. Simply adds up. We just don't yet know whether as a wholly owned subsidiary or majority owned/controlled. And we'll find out soon.

Said acquisition seriously intensifying the prospect of a buyout overture. Not to mention the obvious cash realities. And with that said? Well, how about what we talked about? About the cash needed re the MOASS? Cash for ongoing operations? Cash for continued growth/expansion? Etc?

And speaking volumes? Cash cow?

And, sure, market level does stink. The major markets/exchanges volatile. Self-serving middlepersons. Miscreant shortists. Day traders. On and on. But not to worry because there's coming a breakout. The massive upside. Only a matter of time before reality sets in and we see the talked about $0.05 to $0.10 advances session-over-session. And the major markets/exchanges seeing a rocket of a session right out-of-the-gate will be the beginning of it all.

All of us being here to make money. To turn worthwhile profit. And it couldn't be simpler. Buying and holding. As management gets on with getting on. Gets on with the $4.00 plan. The MOASS. An end to egregious manipulation. Egregious abuse. Massive undervaluation circumstance. A whole host of upside factors having been addressed. Inclusive of the big money and a different class of investor/trader coming in. Market level will seriously climb and soon. In line with undeniable realities. A rating of Outperform. The coming audited numbers. July. August. The rest of it. There's no holding this one down. Just a matter of time and it'll be breakout city! Far in advance of $0.2851.

Management, not even slightly, about to abandon their own ambitions nor their fiduciary duties. The bringing of value to the entirety of the company's shareholder base.

Market level is frustrating. No argument. Ridiculous goings-on. Egregious manipulation/abuse. But it is the BB. Life in the basement. The intent being to escape. Bringing market level fully in line with the true value truth of America's Cleaning Company. Current and future value taken together. The effect of applicable multiples inclusive.

Market level will very soon explode. Not implode. The shortists being in for a seriously rude awakening. The company's registered MM's to, once again, play nice. The day traders gone.

The MOASS reality being just a few more weeks. Completing the Outstanding target. Achieving the market level higher launch base. Exposing and squeezing. Our just not knowing the precise mechanism involved. But it's coming. Management being, absolutely, on a mission. The evidentiary being there. Not simply throwing money away. And entirely understandable. The whole if it. Should, that is, the bit about the 'ransom' attempt represent actual fact. Unmitigated gall.

Time indeed to wake up.

And to relax. Dismissing market level currently. As management, very soon, is going to come through big time!

And who among us was anticipating the Dicon PR? A bit of a surprise given the need of cash elsewhere?

The MOASS.

SPNG millionaire$ in the making.

Waiting for it.

Jason,

Yes. There is an after hours market at basement level. But such is not officially sanctioned. And how does it work? And simple...

Doing a 'bing' search you'll find a number of smaller broker/dealers offering 24/7 OTC trading. Outfits offering trading services between, and among, themselves. For a fee of course. The downside being the obvious lack of liquidity. But the service is there. Just not officially sanctioned. Should any party/parties be seeking to execute a trade or two over a weekend or some such. Outside of regular trading hours.

And on the subject of PR's?

No PR hits market level in the absence of being first thoroughly vetted by company legal. Every PR receiving the called-for close scrutiny by parties most qualified in so doing. There being no deliberately false statements in any of America's Cleaning Company's PR's. Just the occasional innocent misstep such as Mr. Moskowitz's recent net earnings overstatement. Entirely unintentional.

Carol,

Ask yourself this…

"Would I exit in full were market level to, next trading week, hit an interim High of $0.30?"

And would you? Knowing what's very soon coming in the way of truly massive ROI? Managerial intent?

Everything in life being relative.

Hang in there.

Mike,

What it is you're looking for can be found here...

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=SPNG&SortBy=volume&Month=6-1-2009&IMAGE1.x=31&IMAGE1.y=9

All being well and then some. The BB simply being what it is. The 'black' Friday goings-on having had a major impact. And MM's will do their always thing. Day traders their always thing. Shortists their always thing. The rest of it. Life in the basement. What it is. Manipulation. Abuse. All of it.

And breakout will come.

The major markets/exchanges seeing massive green. Out-of-the-gate.

Management and the MOASS.

Being on a mission.

The way it is in the absolute.

The stage continuing to be set. All those ducks in a row.

Just a few more weeks.

All hell breaking loose!

SPNG millionaire$.

The plain and simple reality.

Leveraging criminal behaviors.

And have a great weekend.

All.