Replies to post #170925 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[xDREWx]

The reduction of the Outstanding Shares to 500mm is, of course, all good and
well. However, it is an extremely deceiving number.

In the midst of uncertainty in rumor, a little DD supports a reported float of
approximately 100mm - a number I expect to see easily met by the 10k.

Additionally, a continued run rate of 25mm/month and 20% net will result in an
EPS of $.60.

Here's the facts supporting the float estimate:

18mm purchased by management
http://biz.yahoo.com/bw/090720/20090720005588.html?.v=2

100mm repurchase plan
http://biz.yahoo.com/bw/090722/20090722005604.html?.v=1
http://studio-5.financialcontent.com/edgar?accesscode=114420409021409 PAGE F15

18mm repurchase plan
http://studio-5.financialcontent.com/edgar?accesscode=114420409021409 PAGE 9

133mm affiliate agreement
http://studio-5.financialcontent.com/edgar?accesscode=114420409021409 PAGE 9

364,102,187 Institutional Holdings
http://finance.aol.com/company/spongetech-delivery-sys-inc/spng/nab/institutiona
l-ownership

--------------------------------
LESS 722mm 616,102,187 = ~106mm
--------------------------------

I believe we will, at the very least, continue the aforementioned rate of 25mm
per month - and indeed see an EPS equaling or exceeding $.60/share.

Depending largely on growth, assets, licensing agreements and partnerships, we
will be at a 15 - 30 PE ratio.

Conservatively, $.60 * 15 = $9

So there you have it, that's my 1 year estimate.