Replies to post #36814 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

I agree itsonlymuni... Good post...

some don't believe that's fine. They don't have to buy the stock and or can sell their shares...

[wadirum1]

Itsonlybaloney,

Thank you for your concern about SPNG's accounts receivables.

The key ratio is AR / Rev. This number dipped way down in Q1 09. Probably too good to last. In Q2 09 this key ratio was just a bit better than in Q4 08 and just a bit worse than in Q2 09.

Yes it bears watching. And yes it looks fine. Thanks again for your concern.

Wadi Rum