Spongetech Delivery Systems, Inc. (fka SPNGQ)

[el_loco09]

wisdom from Alfie

Alfie has come down from the mountain to bless us once again with his sage-like wisdom ( allow me pause while I "pull up my big boy pants" before continuing... thanks).

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Alfie's Post

Some Facts for Your Consideration
17-Sep-09 05:03 pm

Total Shares Outstanding as of today: about 510 million

This is an opinion and not verified by an SEC filing or even a PR from any officer of the company.

First qtr. Revenues: $70mm
Prior year earnings and revenues: $50mm and $11mm
New Auditor: Deloitte & Touche

This information is derived solely from company issued PRs and not audited filed reports. I'm not willing to accept it as 'fact' at this point but everyone is free to decide for themselves.

I suppose that a stampede is very hard to stop once it has started but it is truly difficult to see all of the retail losses being taken as a result of the lemming mentality and the panic selling.

Well Alfie... this lemming lost almost all of his paper profits but did manage to preserve his capital to fight for another day. This lemming decided to abide by his rule - never hold a stock through a reverse split if you can possibly help it.

Best of luck to all remaining longs, if ther are any left. We are holding long and remain buyers.

Thank you for offering a small bit of contrition we who are "not in your league".