Spongetech Delivery Systems, Inc. (fka SPNGQ)

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Dicon SOLD for a whopping $4.5million , If Berkshire wanted DICON they would have never sold it AND if it was suddenly so valuable they could have made a play for it, $4.5milion is literally pennies to berkshire , why did they sell it and not want to buy it back? DICON is not what some here make them out to be IMO. HH Brown owns the Intellectual Property Licenses..... It IS a positive for SPNG that much is very true , but it is not as big a deal as some make it , the company sold outright for $4.5 million ... SPNG market cap is 20x that and they are a super small company....

If you review the 8K SPNG filed RE: The DICON buyout you will notice the following:

This is from the 8K:

3.2 Deliveries by the Company and the Sellers. On the Closing Date, the Company and the Sellers shall deliver, or cause to be delivered, the following:

(f) An acknowledgement from H.H. Brown Shoe Technologies, LLC (“H.H. Brown”) to the sale of the Membership Interests to the Purchaser, and an acknowledgement and confirmation from H.H. Brown that the Intellectual Property License Agreement effective November 30, 2007 by and between H.H. Brown and the Company (the “H.H. Brown License Agreement”) remains in force and effect as of the Closing Date, and that as of the Closing Date, the Company is not in breach of any of its material obligations under the H. H. Brown License Agreement.
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4.6 No Company Defaults or Consents. Neither the execution and delivery of this Agreement nor the carrying out of any of the transactions contemplated hereby will:

b) violate, conflict with or constitute a default under the terms, conditions or provisions of the H.H. Brown License Agreement;
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(b) Except as otherwise set forth on Schedule 4.10(b) attached hereto, since the Balance Sheet date, the Company has not done any of the following:
(xii) been notified on any default under the H.H. Brown License Agreement;
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http://www.sec.gov/Archives/edgar/data/1201251/000114420409037511/v154860_ex10-1.htm