Spongetech Delivery Systems, Inc. (fka SPNGQ)

[leucro]

Are you kidding me? You see now a long has to step in and defend those referred to as bashers because, crap like this is what makes longs look bad. Either you have no idea of accounting fundamentals or you are simply playing the fool! According to the evidence filed, they made $7.7M which equates to $7,700,000 * (5% + 10% / 2) = $8.27M gross sales. You are confused with net earnings, which is what a company is left with after all expenses including tax liabilities and which is the number that gets divided by the OS which until further proof shows to be 3B shares. There is definitely information missing on both sides of the isle but for you to mislead with your poor interpretation of the currently filed information is down right dirty like M&M.