Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

WOW. SPONGETECH is in the top three retailers, Walmart, Kroger, and Costco.

1st. Walmart
2nd. Kroger
3rd. Costco
6th Walgreens
7th CVS
9th Sears
15th Publix
18th Amazon.

5th spot is Target, and someone had emailed me saying their friend worked at Target and thought they saw something about spongetech coming soon. That person has yet to confirm with his friend and get back to me.

I imagine #4, Home Depot is not far behind. As soon as spongetech comes out with some sort of sponge for cleaning floors, Home Depot will be all over it. Also Lowes.

What is so wild, is what this companys market cap is.

At 3 cents, assuming OS is still 722m, thats just over 20 million dollars.

Use 500M OS as was managments plan by the 10k in aug, and thats a market cap of 15M

Now factor in the Sept 09 buybacks along with RME's filings that they only have 66M shares, and per outstanding work by fred, who comes up with 200 million shares outstanding, we now trade at a market cap of SIX MILLION DOLLARS!!!!

Anyone else know of a company worth 6 Million dollars, no debt, great products, and in 8 of the top 25 US retailers???? Being in the top 3?

Truly amazing the SEC has allowed the naked shorts get away with this for so long. Imagine if they had succeeded? In my opinion its a national security issue. Our capital markets are in danger because of naked short sellers. The SEC looks the other way, and they are literally allowed to steal billions and drive hundreds of start up companies into the ground. Why would a company list on the US exchange if the SEC doesn’t enforce naked shorting? Why not list in another country? With online brokers offering access to worldwide capital markets, is it really a benefit to be listed here?

Freds outstanding share count,
http://spngdd.com/2010/01/19/estimate-outstanding-shares-float/

Oh the possibilities now! link

www.stores.org/pdf/09Top100chart.pdf