Replies to post #142821 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Carpedeim357]

Frank exactly some need to take business 101. They fail to understand that. Now when you look back over the last 6 qrts and last years 10K it is clear orders are becoming sales at the levels they say. It shows in the revenues being reported.

I have also seen people say well you have to collect the sales/a/r. Well in the last10Q filed notes say no bad debts. That means they are not just

Turning orders into shipped sales/revenues they are collecting all the a/r from those sales.

At end of Q3 they had 14 million in A/R. If collecting with no bad debts now for 18 months up to Feb 28 guess what collected that 14 million. It then becomes cash and a good management iof a growth company will not let it sit in the checking account. They turn it quickly to pay for more investor and marketing to sell even more product in next qrt. Rinse and repeat until a very big and mature company years later.

The A/r becomes cash and grows as sales do. For some business 101 class.

[ROB]

Yes frankdenver you are correct. I agree with what you said below. You make a valid point for all to be aware of.

RE: I don't imagine we'll see our sponges in ShopRite for a month or two or three. Just like we're not in CostCo today.
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When SPNG comes out with a PR for example: we have made a deal with Walgreens, CVS, Shoprite, Costco, etc, etc, etc, to be in their stores with our product. People think that the same day or next day that product is in these stores. For the most part it does take some time to get into the retailers. Could already be there or could take a week, month or a few months. But, rest assure 100% SpongeTech product will hit the stores that were PR'd. The contracts are secured and purchase orders are in hand. This is what counts and then comes getting the actual products into being said locations. They would never PR a confirmed contract if they were not able to deliver. So, as you said more or less it does take a bit of time. Also keep in mind that sometimes certain kind of special packaging might have to be done for certain new customers such as for example a Costco which sells in bulk and stacks merchandise for the most part on pallets. Costco is just a machine of turning over goods so stacking product the way they do is easier to shop for us consumers.

As far as Costco: we should be in locations within 30 days or sooner. They will be selling a 6-pak combo car kit at retail price of $9.99

Item # 428083


This for sure will be one of the first locations to receive product. First it goes to a whats called Costco Depot and then from the Depot they send it out to locations in that area that the Depot controls.

COSTCO: this is one location that will SOON be selling the car kit as I described.

Seaview Square Mall

2361 Hwy. 66

Ocean Township, NJ 07712