Spongetech Delivery Systems Inc (fka SPNGQ)

[vd8828]

SPNG is to break out hit $0.30 w/ 2 months, IMO. Don't miss this train, folks. Mark this post!!

Reasonably and strongly, it is really good time to buy more SPNG and hold tight now!! The reasons are as below:

(1) The foundament of SPNG had not been changed, even if 10k delay, SEC involved and some class actions pending;

(2) SPNG is worth at least $0.30 now based on its $50M revenue and $11M NI together with its strong business growth.

(3) SPNG current official O/S is 722.8M shares and much lower than that on about 500m-600m since the part of shares having been bought back, even thought A/S is 3B, which is for future M & A purpose.

(4) Comparing PPS at .285 of June 12 to current .048, SPNG now is much stronger than then .285 after it had acquired Dicon on July 9, etc.

(5) SPNG has Pike Capital(19.6%) etc funds and insiders(50%) that totally holding over 70% now, of which it means that the public float is about 216M-150M shares now.

(6) The attorney of SPNG(former SEC officer) has successfully handled certain pending cases, which greatly increase confidences of investors/shareholders.

(7) PPS is so low because of the NSS and faked funds posed short postion on SPNG with .09/0.03 together with 10k delay and r/s.

The evidence is that, SEC issued a NSS order against NSS for SPNG on July 24, and previous independent research report posted on Yahoo's headline news proving that the short postion on SPNG was on PPS of .09; however, this time the shorts had sucessfully covered from the days of PPS below .06-0.03.

(8)other hightlights I copied here from the website of SPNG for your references.

The link is : http://www.spongete chinc.com/ company_profile/ highlights

SpongeTech's® Recent Highlights

The Company's gross revenue* for FY2009 ending May 31, 2009 exceeded $50 million, versus $5.633 million in FY2008, an 888% increase.

In FY2009, SPNG had pre-tax profits of $10 million*, up 834% from $1.2 million for FY2008.

New orders booked for the first three months of FY2010 (June 1, 2009 through August 31, 2009) shattered last year's record pace coming in at approximately $70 million*.

In 2009 SpongeTech® expanded its licensing agreements with Nickelodeon and Viacom to market SpongeTech®'s SpongeBob Square Pants soap filled bath sponges. The Company's national marketing campaign was launched in early August.

The Company acquired Dicon Technologies in 2009 for $4.5 million in cash, to further vertically integrate its research, development and manufacturing processes. SPNG expects to fully exploit Dicon's massive distribution networks worldwide.

SpongeTech® recently signed agreements to partner with six NFL teams for the 2009-2010 season with several more signings expected prior to the season opener. The Company has also greatly expanded its MLB presence and is now featured in 28 major league ballparks.

SpongeTech® expanded its partnerships with the NHRA and NASCAR circuits, greatly increasing its visibility by signing a sponsorship deal with the Mike Ashley NHRA Race Team.

During FY2009 SpongeTech® expanded its presence to over 40,000 retail venues in the U.S. and Canada, up from 1,700 stores 12 months earlier.

SpongeTech® recently entered into an agreement with Wakefern Farms for merchandise placement in ShopRite, a retailer who serves over five million customers each week.

SpongeTech® has again signed with QVC to market Uncle Norman's Pet Sponge during QVC's Happy Hour. This ongoing program has the potential to reach up to 141 million consumers.

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Any thoughts? thanks for sharing.

(Please do you own DD and don't treat this post as any financial advises. SPNG does not need to pump and dump nor bashers; it is fair to say that, when to break out and how high can reach is difficult to say, but for reasonable guess. Disclosure: a shareholder holding over 200k long.)

May God bless all kindly investors and USA!!