Spongetech Delivery Systems Inc (fka SPNGQ)

[OldTymer]

big lug, I have no idea. $10M in assets just seems a 'little' high? I would suspect if they are counting those sponges, they couldn't give a value more then the actual production costs. If those are old sponges that didn't sell, as well as other car wash sponges that were returned, I don't think they can calculate the figure using the retail price. Not sure. Just a guess on my part. I would think that eventually we will find out what those assets are made up of. And the drama continues! lol.