Spongetech Delivery Systems Inc (fka SPNGQ)

[patchman]

The stock is trading under a presumption of 722 Million shares and a business model creating $50 Million in revenues. if the 722 million is 2.7 Billion the PPS is overvalued. If the $50 Million is $5 Million the PPS is overvalued. If the O/S is 2.7 Billion and the Revenue is $5 Million it is severely overvalued.

This is why the SEC has halted trading. because you can't accurately trade the stock with the suspicions in the company, revenues, and O/S.