Spongetech Delivery Systems, Inc. (fka SPNGQ)

[mem22]

Some key statements in the new PR..................


With the SEC watching very close, and shareholder lawsuits pending, I think SPNG management and thier legal advisors, would not overstate anything or even come close to any pump.

45,000 retail locations in North America alone
"Over the past quarters, the Company has rapidly expanded
strong marketplace acceptance
substantial reorders
the Company continues to expand product offerings


IMO management will reach a settlement with MSG,and other problems. Lawsuits in this day and age are very common place and not a sign of a companies demise. Most never reach a judgement, Settlements are more likely.
Again in my opinion, I feel things are comming to a head and we will all know what direction this is going. I don't get the feeling that SPNG's management is the least bit worried about any of thier issues. That tells me they are working hard on resolving them. Not saying things will be all roses but certainly not all the doom and gloom I've been hearing either.
Bankruptcy not even. Revocation I don't see it.Management has to much invested to let it happen. They may push it to the last minute but thats all.
My money is bet on SPNG

All my opinion