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Replies to post #100571 on Spongetech Delivery Systems, Inc. (fka SPNGQ)
ThePennyTrader
06/05/09 1:38 PM
#100572 RE: Mingy #100571
TradeWithFury
06/05/09 1:44 PM
#100578 RE: Mingy #100571
alien42
05/25/10 12:57 PM
#320543 RE: Mingy #100571
MorningLightMountain
08/17/11 10:21 PM
#336278 RE: Mingy #100571
PRICE PROJECTIONS, Read this SEC link middle of page 3, starting with "then suddenly". This squeeze of the shorts took the stock to a price per share that valued the company 400x revenue. If spng does 6m a week in sales, x 52=312m annual rev. X400 and divided by share count, using same valuation the universale express short squeeze lead too, and SPNG would trade $178.00!!!!!!!!!!!!!!!!!!!!!!! My point is, its very possible for this thing to trade $15 www.sec.gov/comments/s7-08-09/s70809-364a.pdf