Spongetech Delivery Systems Inc (fka SPNGQ)

[Carpedeim357]

Cash that is a mistake many make. They are building a big company. I have seen posted why does it take so long to deal with nss, or why don't they do this or that now to increase share price. It's been that for over a year.

Yet things can only happen as planned and when they have what is needed.

Now before they became self funding as stated by them in q3 they had to issue rme restricted shares to fund this growth.

The time it took to become self funding and then start taking back those shares is what it is. They became self funding from profitable results as fast as it will ever be done. SO few can ever do it they lose money not make money.

Then plan was to move to Nasdaq by building the results needed. Well that took until end of a fiscal year with results good enough. So fiscal 09 ended May 09 and that was not going to happen any faster.

Now I understand most of not all work for uplisting is done. Yet once again we need an something. No uplisting based on fiscal 09 results can be final until 10K audited results are done. Nasdaq doesn't just take the word of a company about numbers. It needs to see audited numbers.

IMO that is the last step to uplist and set date. When Nasdaq sees audited results qualify we get a date.

Things when planning to build a big company and move to Nasdaq take as long as it takes. They have bought back shares as results allowed them to when they could.

They filed the reduced o/s in April after they said company self funding. What they said be done since 08 but took that long. They continue to buy them back still.

No matter what we think for how long or when things should happen is meaningless. The results and what can be done are what they are. They take as long as they take. Like a fiscal year takes 12 months.

Audit another 90 days for 10K etc.