Replies to post #122100 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[xDREWx]

I don't agree with you. At any moment the shorts can be forced to cover - whether it is now or in a year. And, when that happens, no matter what PPS we are at, $4 is entirely possible.

IMHO

[Mingy]

'Anthony1983' Thats funny, because I actually just put some GTC sales starting at $4.50.

If Managment can retire the RME shares and continue with their share buyback program, they could get the OS down to 500m. If they can do $6M a week in sales, with a 20% profit margin, and a PE ratio of 15, fair value of the stock is $1.87.

Now factor in the shorts who will eventually have to cover, and this thing could go way beyond $10.

Go ahead, read about this SEC report about unversal express. They're stock traded 400x Revenue. If you applied that to SPNG, given 6m a week in sales and OS of 500m, SPNG would trade $250 a share. I'm looking for alot more than $4 a share.

[rhodes]

Ant your only 26 years old. You just missed your chance of a life time to Buy your house cash or that Corvette you wanted..