Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

CM, et al.,

It's a simple matter of filtering out the chatter.

There are those among us hosting the necessary brainpower to get the job done. Ability/capacity, that is, to provide the full reasoning behind one's more general contentions. The baseless blanket statements routine speaking, sadly enough, to a distinct lack of intellectual worth.

And can any of those, among us, manically claiming dilution, massive or otherwise, actually fully support their contention? Providing the full associated reasoning? Such as, for example, as yours truly did in a recent argument to the contrary? That said dilution contention is nothing more than trademark mindless chatter?

Simply filtering out dismissible chatter being for the overall best. Accepting the sad reality that our beleaguered world does play host to no shortage of those lacking intellectual worth.

And yes. Market level held very steady over the past two weeks. Held remarkably well against a constant barrage of mindless musings. And were it only that we were as of pre-June 11th. Prior to the short and distort goings-on getting into full swing. Prior to the primordial ooze releasing as it has.

With it being laughable that certain folks, among us, speak routinely of a supposed consolidation period being in evidence. Clueless wonders no end.

Today's market level action being every bit as choppy as upstairs. And noting the out-of-the-gate gap and walk down...

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 volume it took to achieve the Low vs. the volume it took to recover. And Einstein need apply? Our ever-lovin' middlepersons hard at it as always. The ever-present charm of the OTC.

Order flow. The be all and end all.

Comical, it is, how so many among us rail on and on about paper gains diminishing/paper losses mounting when the larger answer is right there. Staring same in the face.

Weak hands and low-ball Buy orders.

With the good news being that today's session represents the turning point. Capitulation.

The ideal time for a Shareholder Update PR.

That which would go a very long way toward putting anxious minds at ease. A formal addressing of the constant twisting of reality routine.

Laying it all on the line. Speaking to shareholder concerns. Addressing questions in full. Outlining plan details as befits. Providing called-for specifics on all relevant fronts from the leveraging of criminal behaviors to NASDAQ intent to a buyout overture to continued M&A to projections and guidance numbers to product development advances. The additional SKU's that we were told would be soon coming to market. On and on. Putting anxious minds at ease.

Our knowing about Reuters. About Mr. Celia. About institutional monies coming in. The welcome understandable rest of it. The July and August factual. On and on. All to the good. And earlier we spoke of such an Update. Countering the short and distort ugliness. The constant twisting of reality. Management coming through as one would expect. Addressing shareholder concerns. Allaying fears. But no such.

Time to now come through. For the inside to set the record straight. Formal word. The honoring of fiduciary duties. Putting anxious minds at ease.

The ideal time.

Market level poised to surge. Capitulation.

With it being the case that fiduciary duties speak not only to the maximizing of shareholder value but to also the preservation of the pre-existing such. To do shareholders no harm. And how much value has been lost over the past month?

And an example from a Shareholder Update PR of several months ago…

'We noted on February 2 that there were roughly 700 million SPNG shares outstanding at that time. There have been no significant changes to date. All rumors to the contrary are unfounded and without merit.'

'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.'

'Thank you for your kind attention and loyalty as we continue to create 'America's Cleaning Company.'

With market level surging from sub-$0.01 trading levels to the $0.03 area shortly thereafter.

And, sure, we know that management is busy building a very real company. An empire in the making. But a Shareholder Update PR would simply be the right thing to do at this juncture. Addressing shareholder concerns. Filling in a few blanks. A smart move. Called-for initiative. Putting anxious minds at ease. Reestablishing the earlier longer-term trend in the best way possible.

Time to step up to the plate. To clear away any/all fears, doubt, uncertainty.

Dicon acquisition, etc. notwithstanding. The July and August factual. The rest of it.

The time being ideal.

Market level poised to surge.

And a matter, additionally, of management taking the pressure off themselves.

And going back to last year...

(May 8th … Mr. Metter)

'Due to both time constraints and the huge number of calls and emails I have been receiving, I have decided to write this update and distribute it to shareholders as well as interested parties.

[ huge number of calls and emails ]

And how about now?

HQ flooded?

Simply doing that which is called for. That which fits.

And we shall see.