Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"you seem a little overzealous to win this ongoing debate on spng. As a result, you have grossly overstated and mischaracterized my comments."

Zealous perhaps, but for the honest portrayal of the facts......I don't expect to win anything here. I expect no one will. I felt that certain elements of your post deserved comment and quoted your words in each instance.

You said that there are no creditors:
"Therefore, there are no debentures or creditors, secured or otherwise."

You said that there is no long term debt, linking a 2/28/09 balance sheet as your source:
"LT Debt = ZERO, aka $0.00
http://www.google.com/finance?q=OTC:SPNG&fstype=ii";

You cited the USXP case, saying:
"Considering UXSP won a multi HUNDRED million judgment from naked short sellers, it's very possible SPNG too can win their own judgment"

My post is no more overzealous than yours is inappropriate. As long as your post is on topic and my response is to the content of your post, I think we'll be just fine here. You may feel that I "mischaracterized" your comments.....I suspect some might disagree. It wasn't my purpose.....I had the intent of characterizing your comments precisely.....hence the quotation marks.

My only points were:
1. Spongetech has creditors.
2. Reliance on a 16 month old balance sheet for current information is unwise.
3. SPNG shareholders should not want to share the good fortune of USXP shareholders.

Hardly seems overzealous.