Spongetech Delivery Systems Inc (fka SPNGQ)

[z4lover]

management stated they wanted to grow in 3-5 years to be 500 million a year company...

They were told last year at this time 35 million was far fetched...

Now we sit and wait for FDA approval... Something tells me that the company has a product which will launch them into that 500 million a year sales... just awaiting FDA approval...

note with 500 million they should earn no less than 100 million with aprox 100-200 million shares OS... and a conservative growth PE of 25... that'd take us to a pps of aprox $12.5-$25 with a buy out that would likely fetch a multiple of those prices... thus $20-30 is my estimate...