Spongetech Delivery Systems, Inc. (fka SPNGQ)

[highenergy]

My take on the planned split. The company previously announced they already qualified for 3 of the 4 requirements to be uplisted to the Nasdaq. This reverse split should put the stock at $20 per share or higher depending on how this all shakes out. Thus, the 4th requirement met and and the uplisting approved. The split will also cause a reconciliation of all outstanding shares forcing a buy-in of NSS. I don't fully understand the 900,000,000 authorized shares but my guess is that this is the accounting according to the current effective filing and does not includ the buy-back. Also, it is authorized not outstanding. We need to wait and see what is released in the 10K.

What I think is next; 1.) 10K announcing record revenues and earnings along with a statement of outstanding share count. 2.) NSS forced to buy-in between now and the 22nd. 3.) Announcement of approved Nasdaq listing. 4.) Analyst coverage and institutional investors followed by a continued price increase of the stock.

Keep in mind the majority of the stock is held by insiders and they are not going to do something that will cause the price to go down long term.

I welcome your comments, please.

Highenergy