Spongetech Delivery Systems Inc (fka SPNGQ)

[Leirum]

Market Research Report: United States Wound Care Management Investment Opportunities, Analysis and Forecast to 2015. It is the bible for Hedge-Funds, Analysts etc. You can order it for $ 2.500.--
Scroll down, to Table of Contents, 17.1.2.Page 140. There is a chapter about SPNG Acquisition of Dicon.

http://www.the-infoshop.com/report/labd100841-us-wound-care_toc.html

So while some on this board quarrel about the Status Quo, they forget to mention, that SPNG over the recent months has achieved more than anticipated. Even over the last 3 months - Gray Period -SPNG did what it does best, marketing and selling their brand products and getting new clients. At a certain point they will file the 10K and 10 Q and then it will be clear in hinsight, why they have choosen this strategy. Pikes among others may see, what we should see as well, that by investing in SPNG you buy into a company at a very very huge discount. Not unique such chances,it happens from time to time, but there are very few which are able to understand a situation quickly and take the chances from it. Pikes by doing his investment and even increasing it, will have done, what prudence dictates: Meeting with the involved parties, doing the DD and asking questions to the involved lawyers. After the process of such a DD you either walk away or you go for it. Remember early 2009, when markets were falling apart: Who took the chances, J.P. Morgan, Warren Buffet and some smart Hedge-Funds. In short: While investors en masse were running to the exit, those smarties entered the room through the backdoor. It is exactly what Pikes is doing. Another point: I travel a lot and it is worthwile to test the waters during such trips. Believe me, SPNG is a well recognized first-class brand not only in the USA but as well in Europe - Asia and South-America will follow - as day follows night.