Replies to post #170860 on Spongetech Delivery Systems Inc (fka SPNGQ)

[wadirum1]

Thanks. I have indeed made a ton. But I also have a lot of paper profits to go with my cash. So, I am still watching this very, very closely...

FFF, if they are selling shares to RM they can get to a given dollar target regardless of the PPS by simply adjusting the number of shares issued. I really do not see why they would need all of the cash you are suggesting that they raised.

Are you thinking perhaps massive, massive inventory buildup for Spongebob? No way they needed that much for advertising.

I agree that the 10k will indeed be very, very interesting.

Wadi

[SirZ]

Many people were saying, when the price was fluctuating between 1 and 3 cents, that we'd never see 5-6 cents again either, and yet here we are at about 12-15 cents range for almost a couple months now.

[wadirum1]

FFF,

One other thought. I always maintained that SPNG should be trading at least in the high 20s. I followed my thinking and sold a bunch at that point.

Now we are about half of that -- and in the meantime fair value has doubled through the incredibly inexpensive acquisition of Dicon and the amazing growth in orders.

So, I have reloaded (in terms of shares, leaving my initial investment and more on sidelines). And this time I am targeting the low 40 cent range for my initial sale of 20 percent of my shares.

This is less hairbrained than when we were at a penny and I was targeting 27 cents...right? This time around I'm only talking a bit more than a triple...LOL

Wadi