Spongetech Delivery Systems, Inc. (fka SPNGQ)

[fxchat]

I am very confident on SPNG.

It keeps delivering its promise.

Last year, they PRed that SPONGETECH will begin selling SPONGEBOB sponge at the retail stores at Q3. And indeed this is the 3rd quarter.

Now they promise a reduction in OS to 500mln. It will happen.

Viacom believes that Spongebob will rake in $20mln. Looks like it's gonna be more than that.

Now they are looking for a SUNTAN Lotion company to infuse their products into Spongetech sponges. (I hope it's Banana Boat)

They believe that 100,000 stores will be selling Spongetech sponges by year end. IN july that is already 40,000. Looks like SPongetech is going to deliever this as well.


I have just bought more SPONGES today at 14cts.

I will only sell it when they have announced the completion of share buyback.


I wont sell my 1million shares that I have accumulated though. Just selling those that I have bought today. Should be 35cts based on fibonacci calculation.