Replies to post #171212 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[bballcoach10]

Nothing is a sure thing, but I personally think this is pretty close. I am holding. Maybe you should read Wadi's primer.

[wadirum1]

At 722mm O/S and PPS of 13 cents, the market cap is under $100mm for a company that seems very likely to easily exceed $200mm in revenue, with good margins (that got better with Dicon acquisition), great growth, and huge future growth drivers. And if company reaches PRed target of 500mm O/S, then at 13 cents they'd have a market cap of only $65mm.

Some of us here saw our investments drop by 75 percent (at March low), but we came through by focusing on the fundamentals. Unless there is a nasty surprise in the O/S AND it becomes clear that RM doesn't own very many of this much larger number, I'm going to hold at whatever silly prices we hit until we reach my initial target in the 40 cent region. Even then I will only be selling a small percentage.

Wadi

[fanofpennies999]

Run for the closest bar.
Don't stop with the grey goose
until I tell you..

If you believe in the fundamentals
then you should hold.

If you don't trust the way the shares
have been traded
then you are not the only one.

If you suspect
that any company is involved in a plan
to rob you of your savings
and have more than a few trustworthy
sources to back up
your suspicions
then you know what you should have done already?
If you sell now
you could buy some more later..
Maybe you will pay less if the stock falls some more
Or maybe th stock will finally shoot up
over .20 after you sell?

Is it better to pay more for a stock that you are
more "sure about"?

It's normal to pay more
for a stock
with a greater developed quality.

I would be willing to pay more
for quality...

I am guessing that
there are many
who are waiting to see
if the quality
will be delivered in
the 10k
which will be published
this week...I believe.

Can you afford to wait
and watch the sp fall a bit more
(or it could go up)
or do you sell
and pay a bit more later
to rebuy a smaller position
when the stock price goes up?

What you do not make here
you will make somewhere else
and what you lose somewhere else
you will make back
later or sooner pending
your knowledge of technical analysis.

There is a video chart
at the top of the page
that explains the technicalities
of what has been happening with the stock.
Here is the link for your convenience
http://investorshub.advfn.com/boards/playvideo.aspx?v_id=573

The person who did the chart
offers a free ebook on technical analysis
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40624178
which is a great tool to use
to help you with your buying
and selling decisions.

Gods' speed.
Good luck.