Spongetech Delivery Systems Inc (fka SPNGQ)

[themanfromboston]

there is no proof that the business is growing and that SPNG's margins are "high enough"

SPNG has not filed financials with the SEC in over a year

The previously filed financials were deemed to have been false by the SEC.

The sales and order figures PR'ed by SPNG were deemed to have been false by the SEC

so, as you can see, there is no way of knowing where any "growth" has occurred for SPNG or that SPNG has "high enough" margins

the point is that they have high enough margins to grow the business even under the weight of high capital costs