Spongetech Delivery Systems Inc (fka SPNGQ)

[Carpedeim357]

Frank exactly some need to take business 101. They fail to understand that. Now when you look back over the last 6 qrts and last years 10K it is clear orders are becoming sales at the levels they say. It shows in the revenues being reported.

I have also seen people say well you have to collect the sales/a/r. Well in the last10Q filed notes say no bad debts. That means they are not just

Turning orders into shipped sales/revenues they are collecting all the a/r from those sales.

At end of Q3 they had 14 million in A/R. If collecting with no bad debts now for 18 months up to Feb 28 guess what collected that 14 million. It then becomes cash and a good management iof a growth company will not let it sit in the checking account. They turn it quickly to pay for more investor and marketing to sell even more product in next qrt. Rinse and repeat until a very big and mature company years later.

The A/r becomes cash and grows as sales do. For some business 101 class.