Spongetech Delivery Systems, Inc. (fka SPNGQ)

[vd8828]

SPNG is "STRONG.BUY" now & reasons as below(IMHO):

(1) SPNG's huge short position will squeeze to rock PPS over $1 or even $2, while current O/S is about 500M and certain maket makers still have 920M short position on naked IOU shares(not real shares) for certain faked hedge funds and NSS.

(2) PPS is so low because of the NSS and faked huge funds posed short postion on SPNG with 0.09/0.03 together with 10k delay,r/s and SEC involved.

The evidence is that, SEC had issued NSS orders against NSS for SPNG since July 24,09, 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 covered a lot from the days low PPS of between .06 to 0.02,IMO.

(3) The foundament of SPNG is still strong, even if 10k delay and SEC's "Well Notice" and SEC should agree SPNG to file 10k/10Q and upgrade to OTCBB ASAP;

(4) SPNG is worth at least $0.50 now based on its $50M revenue and $11M NI together with its strong business growth,(different FA has different views).

(5) Comparing PPS at .285 of June 12 to current .035-0.026, SPNG now is much stronger than then .285 after it had acquired Dicon on July 9,2009, etc.

(6) O/S was reduced to about 500M or much lower after RME returned shares per SEC filing.

(7) Pike Capital strongly bought and hold by over 22% together with other funds holding by 73.4% and more that give much more confidence to other public investors/shareholders.

(8) SPNG's attorney(former SEC officer) has sucessfully resolved many issues related to SEC and has worked hard to settle cases with other parties.

(9) 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.

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.

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.
...

Go SPNG!! Big Rally Time and STRONG BUY!! See you at $0.50 first and then maybe $1 or $2 soon,IMHO.

(Pls do your DD, be aware of SPNG being in Pink w/Caveat Emptor/Gray market currently, and some issues and facts are unclear to the public that SEC is working on; however, pls consider % risk and % reward to be fair, don't treat this as investment advisers, and above are just IMHO and maybe wrong.)

Enjoy our free speeches to the extent of rule of law.

Welcome any comment. Thanks a lot for sharing.

May God Bless all and USA!!

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(This is a copy from Yahoo.)