Spongetech Delivery Systems Inc (fka SPNGQ)

[StockGuy2026]

Wadi, another great post! I agree, the only way to explain the effective "zero float" due to long shares and the heavy trading is NSS.

Although it's frustrating to deal with the NSS, I think SPNG will continue to show revenue growth month to month and within 6 months, easily pay back the 460M RM shares at cost (3 cent per share?). As you have outlined, the OS will drop significantly to below 200M, maybe even down to 100M. Valuation of SPNG at this point should be easily above $4 if you base it on 2010 earnings.

I've been accumulating long shares over the past 2 months and plan to keep them through the pending uplist to NASDAQ. I have been buying more shares this week and am glad to see you are doing the same. Of course, I don't have your deep pockets, but I'm a very happy SPNG shareholder.

Again, thanks for sharing all your due diligence and wisdom with all of us on this board!