Replies to post #38200 on Spongetech Delivery Systems Inc (fka SPNGQ)

[wadirum1]

Chart,

Perhaps this stock is not a good fit for you.

Or perhaps you might consider a strategy like Lollybella's. He/she is waiting for shares to close above 6 cents. That way, the chart would be showing a very strong breakout. The downside is that you would be paying more.

I do not think that the NSS can be proved without you seeing DTCC and NOBO. We can argue until we are blue in the face that the float is low and holdings are big (4,500 investors, etc).

But I think you have proved very eloquently that this evidence does not meet your standards.

Can we please move on to something else? I for one give up, and knowing Carpe I don't think he ever will (LOL). The only other remedy would be for you to schedule a visit to Furth's office or Moskowitz's, asking to see this information in person. I do not know if they would agree, but you will not find it on the board.

Wadi Rum

[Carpedeim357]

Not into the float in the market. Sorry they have to disclose that. Majority shareholder like rme can't just dump with no filings. Like I said mgmt has been clear about shares not being sold. So believe then or not.

How is this for value.

What penny stock this low is more under valued based on it's early sales and profit and eps growth over last 12 months?

Trading at this market cap is ridiculous. Just has ridiculous on low side as I see in penny stocks when they run up and people pay $1.00. I have seen enough ridiculous over valuations in penny stocks to know what value market puts on them has little to do with what current results are.

As sure as any with few sales and no profits can run to 1.00 and crash SPNG will have it's run up to a more reasonable value as it continues to grow to big cap.

We both know how crazy a lot of valuations in this market can be with penny stocks both ways. Doesn't mean eventually it won;t get corrected. In fact it usually always does when overvalued they crash. When undervalued will be the opposite.

Good think when private investor wants in they look at earnings with a company this young. They look at future and not what stock is doing in OTCBB.

[Jim54]

Hey Chart. The only thing I could suggest is for you to stay out of Vegas. It's necessary to learn the odds on the premise of what the truth is. Therefore one needs to know the truth. You are assuming the company is not doing their job as a respectable company should. I can assure you they are. Everything I've been told by anyone at the company has come to reality. They know more about how to make a very successful company than any I have seen in the past 10 years. You have no obligation to believe anyone, but I would like for you and the rest of the naysayers to make some good money too. We are all human beings here and should try to take care of our brothers. You cannot deny the immense strides SPNG is making. There is noone in this company who gives a hoot about selling shares for .02. That would be idiocy. Please use better logic and prosper. I totally agree that most penny stocks are not dependable. I have lost money on many of those. That's why I happen to know a winner when I see one. THIS company is not out to take your money when they can make MUCH more by continuing on with their gameplan. Join in, brother, and prosper with us, GLTY, Jim.