Spongetech Delivery Systems, Inc. (fka SPNGQ)

[wadirum1]

At 722mm O/S and PPS of 13 cents, the market cap is under $100mm for a company that seems very likely to easily exceed $200mm in revenue, with good margins (that got better with Dicon acquisition), great growth, and huge future growth drivers. And if company reaches PRed target of 500mm O/S, then at 13 cents they'd have a market cap of only $65mm.

Some of us here saw our investments drop by 75 percent (at March low), but we came through by focusing on the fundamentals. Unless there is a nasty surprise in the O/S AND it becomes clear that RM doesn't own very many of this much larger number, I'm going to hold at whatever silly prices we hit until we reach my initial target in the 40 cent region. Even then I will only be selling a small percentage.

Wadi