Actually you are wrong. Your numbers are far more speculation than mine.
I can use precedent to support my claims and I can use forward looking details that support that past precedent continued forward.
Tell me genius, if SpongeTech had 31 Million in sales and $10 Million in profits for teh first 9 months of 2009, why did they raise $12 Million from RME and why was their cash at only $34,000.
from here consider:
1. SpongeTech accelerated their advertising post February 2009. Where did this added capital come from since all filings show a very limited cash flow available.
2. SpongeTech acquired Dicon post February 2009 and is an investment they had not had previously. Where dd the money come to make this acquisition?
3. SpongeTech did not wire the money to GetFugu in August and september, RME did. Why is RME wiring the money if SpongeTech has the capital on their own?
4. The repurchase of 580,000 shares between March 1 and April 15. How much did that cost and where did the capital come from? On February 28, 2009 there was only $34,000 in cash.
If you want to do battle, do it with logic and data, not a wish and a prayer.
