Replies to post #173692 on Spongetech Delivery Systems Inc (fka SPNGQ)

[having fun]

I don't have over 100,000 so where would that leave me? Be gentle.

[CYRXorbust]

?

"And for anyone with shares over 100,000 a reverse split makes their investment a lot more liquid"

you think SPNG stock has liquidity problems?

[Soapy Bubbles]

OK. Math.

If you have a PPS of $1 at about 15M shares, your market cap is low considering this year alone. At $4, you have a 60M cap, lower than revs this year. Thus the measure of 10-20M is an incorrect capitalization and flawed argument.

But if you have 50c at 200M (Once all is said and done w/ RME retirements), then you're on the cap thus far. Now I'll leave you to think about this.

[spongeboy]

Nasdaq Thoughts- the road to $4.00
Bashers get your calculators

We are almost 3 months into "next" fiscal year - If we hold $20,833,000 per month in sales($55,000,000 was PR for the first 11 weeks -aka $5M per week) we have $250,000,000 in annual sales.. Our profit margin has been .17-.21 but could be higher with volume and the aquisition of Dicon .. so earnings are $50,000,000 - O/S gets reduced to $500,000,000 (per PR)so earnings are .10 EPS. At a low P/E of 15--- the new price per share is $1.50 PPS. We all know July exceeded $23M in sales, August should exceed $26M and 50,000 retail outlets are to be added and 40-100new products are coming - Plus when we bought Dicon they had $10M in sales and $1.5M bottom line. So why is this not stock trading at .38-.42 today??Nakeds??

Mabye the 10k will tell, but here is the road to Nasdaq.

We could buy an already Nasdaq traded company on a fold-in merge - or by holding above a dollar for the required time we could try going to Nasdaq Global or NasdaqSC on a waiver.

Or.....we split 3-1... For every 3 shares you turn in at my $1.50PPS example above-- you get one new share at $4.50 - and the shorts get flushed.. If we hold above $4.00 for the required time BAM we are on Nasdaq with $250,000,000 Sales - $50,000,000 Earinings - 900M Authorized - 167M Outstanding - a price of $4.50 is a P/E of 15.05 --A more realistic P/E of 17 gives us $5.01 - Oh I forgot the $1.5M from Dicon... price is now$5.24 3-1 split baby..



Either way the authorized has to be raised to 2.75B to lower it to 900M

[loniee]

R/S would not be good and imo not going to happen anyway..in a way company just did a 3 for 1 with the A/S decreased any ways.... they are buying them to not have to R/S..and I like it.