Skivail, I did not own SPNG. I have done a little DD on them. I think that it is great that they are a real company making money, but honestly how many sponges does the average household require? IFSL has a recurring revenue model, and their clients pay $30-$50/ a month, and stay in their program from wks to years. When I first became aware of IFSL 4+ years ago, I knew that at some point the company would take off. This entire country is way over leveraged, and since RE prices have been going down people cannot use their houses like an ATM machine. Americans have to come to the realization that they need to get out of debt, and IFSL has a service that most people need. During my conversations with IR this summer, Paul indicated that the company was in the process of tweaking the business model in order to make the current members stay in for years and years. He used the term "stickier". We have a real gem on our hands here. In 2008 IFSL did less than $1M in revenues, they are currently doing $1M+ month! I think this company is unbelievably cheap. As I have stated I think this stock trades to a dime in 12-24 months. GLTA
