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Replies to post #159516 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

Replies to #159516 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

TigerTrader83

08/06/09 10:19 PM

#159522 RE: hasher #159516

Hasher i think you are missing something: in business over time Accounts Receivable turns into cash on hand, as customers pay with in the given time. It is the natural flow of money first Accounts Receivable then Cash on Hand oh yeah then buy Dicon and a bunch of shares off the market!

Carpedeim357

08/07/09 11:22 AM

#159895 RE: hasher #159516

Hasher what is the issue? Results on income statement and balance sheet are good as you will find in OTCBB. Even Rueters shows how well they compare to the industry.

The o/s was reduced and filed in April. Just like they said before that filing.

Now they said what year end will be and what next reduction will be. So I expect once again for it to be what they said for results and reductions. It has been per filings i the past to assume that.