Replies to post #161487 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[crashman]

40,000 retail outlets that on average maybe sold 2 sponges? 80,000 x $7.99 = $639,200 in collectible total revenue. Lets be really generous and say they sold 10 sponges. That would then make it $3.196 million in collectible revenue. Not good, considering what they spend on advertising. Of course the ads are more targeted towards investors than real customers.

[overachiever]

That's the hype, but is it the reality? There is no need to drop prices 75% in six months on hot selling items. But SPNG has seen rapid retail price deterioration.

It's not rocket science. People should use their heads a little. If it were not for the prospect of making money on the stock, how exciting is a sponge purchase?. I mean, really. It's a gimmicky product and inferior to established brands in terms of price, quality of wax, etc. Even most of the advertising is targeted at stock buyers. This appears to be a stock selling game above all else


They have increased sales revenue ten fold and have increased distribution from 14,000 to well over 40,000 retail outlets with a target of 140,000 retail outlets.