Spongetech Delivery Systems, Inc. (fka SPNGQ)

[jondoe0069]

Exactly. I purchased the product myself and thought it worked fine, but not worth the price by any means and had terrible packaging (as in terribly marketed). Also, being on the shelf means nothing. If you were selling $250-500 million worth of stock illegally and had some $$ to make yourself look bigger, you can easily pay for shelf space in big retailers. In fact, most unproven products must go this route anyway and if sales projections aren't met, there are penalties that the company must pay to the retailer. Hence - WalGreens got $295k worth of product on consignment and it barely sold, so they had only come out of pocket for $10,000 over 3 years.

I'm sure Dicon's products are selling, but the company was purchased for 5 or 6 million outright. The sale included a lot of manufacturing assets, which means their sales weren't that great either.