Replies to post #23305 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Carpedeim357]

Snake a run to over 4 maybe that inevitable. Getting rid of nss that not possible that fast. It took long time to create it and will take much longer to get rid of it. Actually we will never get rid of it just the nss at prices in 08 they sold at will need to be covered. Since mm make the market using nss not much chance it will ever be 100% gone but big problem it is now will be. It takes time and people will just have to be patient. You can't build a big company in one year or even 2 so not going to get rid of small cap manipulation quickly.

[wadirum1]

I hope everyone had a great Thanksgiving. It sure is exciting to see all the posts about THIS week being our time.

But...but...but...let's not get too carried away. Remember to keep a heavy dose of patience.

It might be helpful to keep a list of what we are hoping for.

On the fundamental side:

- partnership with major household cleaning company
- Pharma deal
- bank financing
- Walmart, Target, other big box
- PETCO
- Pep Boys/Autozone/etc
- update on Q2 revenues
- updated guidance on Q3 and 2009

On the share side:

- more 13G proof of concentrated ownership of more shares than should rightly exist
- SEC-filed information from the company that RM has stopped selling shares and that float is truly "under 100 million"
- some progress -- possibly dramatic -- on reducing RM share count (Alaninvestor has recently begun echoing my call for the RM shares to be cancelled and replaced with a simple loan)
- some action to necessitate short covering

Something tells me we are not going to see all of the items on these 2 lists this week.

Now, I think we all have seen that nothing on the top list will move the stock at all. However, if you are thinking of holding a chunk of shares long term (or if the short squeeze is not really going to happen), then these will be important pieces of the puzzle of how long-term investors get rewarded (but probably nothing major even if ALL of them magically happened).

IF we see the last item (an action to force covering), then 20 cents is ridiculously low to be selling (think VW). So, maybe, just maybe we are looking at something monumental (in which case hold your shares). More likely, we should not get too worked up just yet.

Wadi Rum