Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

Mingy, fair value of $3 based on annual revenue projection could be reasonable but that's not how market perceives valuations. In fact, if SPNG is 300-400 MM dollar company this year, it could be a Billion dollars next year. I guess what you have not factored into your equation is the Velocity of Sales i.e the rate at which Sales has been increasing. So if one considers this, plus a 5yr Net Present Value projection. I will not be surprised if SPNG opens at $10 at the opening bell.

So PPS = Fair Value + Market Perceived Premium = $10.