Replies to post #162008 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TigerTrader83]

First the product is for sale in major retailers, we have all seen the pictures of Sponge Bob at ace hardware stores in the north east. Second you need to learn a little about the direct marketing TV business. If a product is not selling through the TV ads they will discontinue the ads they wont keep airing them. The simple fact that they are still on means that they are selling.

[crashman]

"...the car wash sponges are being discounted like they are almost ready for 99 Cent Stores liquidation."

99 cents is exactly the price these car wash sponges should sell for. Then they would match competition prices and would have a chance of being sold. However, I doubt that the company will be able to continue its advertising campaign forever. Just like the sponges, the sp will be discounted as well, and that will be detrimental for the companies financial picture. Of course, there is a remote possibility that the SEC steps in before this happens.

[Carpedeim357]

Over he hit someone on the head not the nail. lol Did he miss and get you lol.

[underdog150]

I was wondering about the car wash sponges and sales the other day. I know they are big on selling the "six pack" for car washes, but that has me confused, 3 sponges = 24 car washes. Who the heck washes their car 24 times in a year?
I wash mine, a Pontiac GTP about 8 times a year, maybe and it has mag wheels, perfect paint, WTH?? A 3 pack would last me 3 years if I got 8 washes from each sponge!! Who would re buy this every year, it doesn't make sense. Disclaimer, I live in New England, so the washing season only lasts from March till October, but the first wash of the season has to be a detail, not a sponge.
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You hit the nail on the head. It is hilarious that the SPNG scammers are running TV ads for a product that is not for sale at any major retailer. In the meantime, the car wash sponges are being discounted like they are almost ready for 99 Cent Stores liquidation.

It all looks like a great way to sell more stock to suckers and a very inefficient way to sell real product.


This Company already has a presence in lots of retailers, so it makes absolutely no sense to run expensive ads on TV and not have the product out there already. Your going to hate my opinion on this but, is it possible that the retailers that carried the other SPNG products got hung with low sales, and now don't want to get stuck with any new stuff they can't