Replies to post #35623 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[dollarsandsense]

balance sheet is very strong...

still on track for 40 million in sales with net of 7 million. 3rd quarter is very good coming up.

[P2O I'm from MO]

12.3M in revenue and 10.8M still owed.

You can report all the sales you want but if the money doesn't get paid
it's meaningless. I'd like to see a report of receivables and how that's going.
If the majority of that is over 90 days there might be a problem.

Regards.

[patrun]

Very low float for such a business