Spongetech Delivery Systems, Inc. (fka SPNGQ)

[abruzzese]

Management is sticking to their strategy of not releasing any information that could impact pps. They seem to be very comfortable with the current trading range.( I think its been the same for about 6 month’s now).10k now 231 days late. They have had 324 days to complete it. Their indifference to the shareholders is only surpassed by their arrogance. But I don’t place 100% of the blame on management. Without any consequences, management has no motivation to do the right thing (for the shareholders that is) If one has no fear of getting a speeding ticket, he/she would most likely speed more often. I’m impressed with the remaining longs. Not one word of dissension. I’ve been told they are extremely frustrated at this point. I still hope it works out for them and all the shareholders.