Spongetech Delivery Systems, Inc. (fka SPNGQ)

[spongeboy]

Price is .345 if you assume the worst -- and we have 3 billion O/S

If we ever get back on OTCBB - I think the missing 10k will show $56M sales and $11M Earnings 500M O/S. This is .0224 EPS (earnings per share). A P/E of 15 gives us the PPS of .336 - If the O/S is 250M the EPS is .0448 so a P/E of 15 gives us the PPS of .672

But stocks are priced on future earnings so.....

If the PRs were true we had $70M booked for the first 3 months of the new fiscal year we are already in.....

August was $29M and $29M x 12 months is $348M without further growth and without new products (we have added 6) - Let's round in sales done by Dicon and call it $350M for "easy math" .. Earnings should be $70,000,000 --.or .14 EPS at 500M O/S

Our industry (soap)
commands a 17 P/E (but I will use 15)

If the O/S is 500M .14 EPS 15 P/E = $2.10 PPS- easy
If the O/S is 250M .28 EPS 15 P/E = $4.20 PPs- easy
If the O/S is 3 Billion .023EPS 15 P/E = $.345 PPS Easy

This grey stock is worth $.345 today as-is if we have the entire 3 bilion A/S outstanding - The volume does not reflect a multibillion O/S but .345