Replies to post #32460 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[biomanbaba]

people sell for other reasons....such as they are getting a margin call someplace else which has nothing to do with the performance of SPNG

[buggs]

promusic... I agree with your numbers. The 13G filers know the long term potential of this company. Long term could be 2010!

In any case, we can't lose with this company.

buggs

[crodad]

Numbers look good, but you are making a big assumption that O/S will reduced to 150M. I would like to se one quarter of reduced O/S before making the leap that they can get the count down to that level.

Cro

[tturner617]

"musicman"--your "fair value" modle comes up with basicly the same fig as mine. The key (like every body knows) is the shr out count. For investors, it does NOT matter if the vast majority is un-registered and held with RM with a buy back option--it still dilutes EPS.
As evidence, I suggest the price action even with great (strike that) outstanding fundimental news. Even if the "short story" never materializes, once we see the number of shares outstanding start trending down (and some assurance that the trend will continue) We should see that kind of price over the period of a few qtrs.

[desie]

I absolutely agree with your projections. The .15 - .20 sell range is a joke. And i can assure you the 13g filers are not going to sell any where near this price.

Think about what the pps would have been if 400 million shares were not ns.