Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

Virtual Drew, its very simple.

I count 32,000 US locations on this list where spongetech is carried, plus the smaller retailers we don't know about. That would be less than 3 sponges per day on average, per month, to equal 25M a month. Given the walmart by me sold out of spongebobs the first day they got them, I think we are good.

Now we know spongetech does worldwide sales too, south america, Europe, and asia….Ah we get the the picture.

LOL!!!!! THANKS DREW!!!!!!



Thanks Mango, or whoever was the one that put this together, i forget.


Walgreens……………7000
CVS…………………...6900
ACE hardware…….....4600
Walmart....................4227
Phillips Pet Supply…..3500
Kroger ………………..2475
Pet Smart…………….1145
Publix…………………1008
Atlantic & Pacific Tea Company....447
Shopright………….......185
Jewel-Osco……..........185
Sears Canada……......185
Bjs ………………….....180
Hannafard...................170
Xtra mart……………...144
Price Chopper............114
Petro Gas Centers...…85
Dominicks……….....….73
Walbauems..................63
Costco…………….....….2
Europe……...….....19367
Dicon………..….....10000

SIX DOLLARS = FAIR VALUE!!!, Math....


Quote:
--------------------------------------------------------------------------------
Excellent pervious post BTW Mingy, the Naked Shorts very much are the reason we are under attack on every front.
--------------------------------------------------------------------------------


25 Million in sales a month
x
12 months
x
.20 profit margin
x
20 PE

= 1.2 billion fair value market cap.

Divided by 206 million outstanding shares (see link below)

= Fair Value $6. Risk 3 cents, reward $6 dollars if what the longs all along have been saying, massive naked shorting in spongetch.

No wonder some smart money is looking for $18 on a short squeeze.

206M outstanding share case breakdown.
http://spngdd.com/2010/01/19/estimate-outstanding-shares-float/

Thank you, thank you very much.

MINGY