Replies to post #131263 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

Here is some DD for everyone:

The sales of Spongetech car washing sponges has been pathetic at Ace Hardware Outlet. They still have 9997 in stock which means that they have only sold 1 sponge since Sunday morning.

At the current sell-through rate, it will take them 90 years to work off the inventory.

I look for heavy discounting to result as the retailers try to rid themselves of what is obviously VERY slow moving merchandise. Auto Barn has 999 in stock. They haven't sold a single sponge this week

http://www.hdtalking.com/harley_store/buy-17-15718271-B001O845OE-All-1-SpongeTech_Car_Wash_System_3_Pack_Combo.html