Replies to post #123903 on Spongetech Delivery Systems Inc (fka SPNGQ)

[busytrader]

Btw they are making serious money now as you know. GLTA

We have no idea whether or not the company is making any money at all. We do know that revenues are at record levels, but we don't know what expenses are. Margins were only about 20% if I remember correctly and that can fall quickly through waste and bad advertising. As far as we know, they could be losing money. Look at all the very expensive advertising and the expensive top fuel sponsorship which is a waste of money as far as I am concerned. A good sponsorship would have been on a top-flight Nascar team like the #48 or #18 or the #24 etc. Drag racing is a waste of money as far as I an concerned.