Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pragmatist]

Hey Guys - Keep in mind a few things so you're not dissappointed with the 10Q or 10k:

1.) The 10Q will report A/S and O/S as of the end of the may quarter...May be different than the more recent 900 million a/s as of now. someone correct me if i'm wrong?

2.) Orders do not necessarily equate to revenue in the current/following quarter. GAAP accounting rules only allow for Revenue to be recognized upon delivery. i.e. an order received in a particular qtr but that does not ship in that quarter will not be recognized as revenue in that quarter.

go spng!