Replies to post #21171 on Spongetech Delivery Systems Inc (fka SPNGQ)

[snakecorleone]

Really, they need to be fired... if that's the case... not doing a very good job pumping this one up.... I guess they better go back and do what they are good at, selling sponges and stop paying for stock promotion... Viacom/Nick should be good sales, don't you agree Crashman... or is that a fake deal with a fake cartoon and a fake network?

[tturner617]

Look at the Ad/Mkt expences they are tied to a % of sales. The RM $ is used for the next qtrs increase in sales--ie about 1 qtr behind. If we ever have a flat qtr, no RM money would be needed. 2 flat qtrs and the net profit for the qtr would be in excess of working capital needed (assuming the same % for CGS and Mkting) and could be used to buyback shrs with out debt financing. In fact, I'm amazed that the Co came up with the bread to buyback ANY free floating shrs.

[Carpedeim357]

Really crash seems with way sales are going up that is not true. Keep trying though the big future is being created even if for now stock price suffers.