Spongetech Delivery Systems Inc (fka SPNGQ)

[caltrader]

So Q1 had revenues of $70 million. Aug was $29 million.

Assuming 25 million average for the next 9 months (low side). We will see $300 million in revenue for 2009/2010.

Based on the 10K the company is earning over 10% straight to bottom line.

We are sitting on a $30-40 million company. If not more.

And assuming they are retiring shares. WOW!!!