Replies to post #98193 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pasquale albany]

hello board,
thinking of making a serious play on SPNG
any words of wisdom on the short term/long term of this company?

[Mingy]

YA BABY! 6m sales a week, =312m a year
10 percent profit margin
31.2m x 20 PE just like SP500, 624m market cap
=.84 FAIR VALUE

Short squeeze starts could see this thing above $10.

Read about this short squeeze involving i'm sure the same people involved in SPNG, and using same valuation spng would be trading $150 at its peak.

This company had REV of 1m, yet traded at a market cap of 400m.
http://74.125.93.132/search?q=cache:nvzAM-67614J:www.sec.gov/comments/s7-08-09/s70809-364a.pdf+penny+stock+%22short+squeeze%22+naked+shorts&cd=4&hl=en&ct=clnk&gl=us