Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pantherj]

Mingy, the fair value of SPNG, is clearly no more than .004, even if there were no more than 722mm shares outstanding; given that 90% of the PRed $50mm in sales do not exist. Factor in the fact that there really are 3,000,000,000 shares outstanding, all of which are real and none of which are air/phantom/counterfeit shares, the real value of SPNG is .0009. If we consider the fact that SPNG is under SEC investigation and is more likely to end up revoked than to ever again progress to even the pink sheet level, the real value of a SPNG share is even lower.

You will clearly see the wisdom of what i say in the weeks and months ahead as you patiently wait for a 10K which will never come and the SEC investigation grinds on to its inevitable conclusion of revocation. Until then, SPNG will languish away on the gray market, sucking the ardent longs dry with its slowly dwindling volume and shrinking PPS.

In the end, you will be up in arms demading that the DOJ prosecute da' boyz. At that point, many longs will whine & cry like school girls with a skinned knee, blame the SEC for not shutting this down sooner and demand that the SEC should give them back their lost money.