Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SpongeBob2010]

What planet are you on? Overhead expenses run slightly over 84% of sales?

We just bought the manufacturer, AND now Spongetech collects revenues from OTHER products that the manufacturer makes. NOT TO MENTION THEY NO LONG HAVE TO PAY THE OVER HEAD COST OF BUYING AND TRANSPORTING OF THE SPONGES THAT DICON ONCE SOLD THEM. The sponges are now owned by Spongtech as soon as they come off the the production line, which we also own now, the actual machines that make the sponges, we also make them. Its now compared to a cattle rancher who not only grows the cattle, but instead of selling them, he guts and slaughters them himself, cooks the meat, marks of the price for production of the final product. The sponges already had tangible value when Dicon produced them and sold them to us for a profit, now we still have these sponges that have tangible value, but we create them ourselves.


To say that overhead expenses run 84% after the Dicon acquisition, its just an ignorant statement.