Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

Hi, stox

I appreciate the way you marshalled your thoughts, and made your presentation in such a clear and concise manner. It had to have taken considerable time and effort, and it is duly recognized for its exceptional quality.

You touched upon the issue of legally owned shares, and that is a concern I've noticed from some investors. Longs, of course, not guilty of any wrong-doing, legally own whatever shares we have.

The company, on the other hand, not expected to provide dividend shares beyond the level of what they have legally issued at this time.

The difference between the legally issued outstanding shares, and the total actual outstanding shares, being comprised of the phantom float. Not the company's responsibilty to provide dividend shares for such. At the same time, every shareholder entitled to the dividend.

And the gap to be bridged solely at the expense of the perpetrators of the crime. A MOASS, as you said. And I, for one, standing ready to sell back a portion of my air shares, with offers starting at $4.00. The low price for the shares at that level considered by myself as a civic duty :)

jay