Replies to post #178528 on Spongetech Delivery Systems Inc (fka SPNGQ)

[no_BS_plz]

I forgot to even comment on this ridiculous part of his post. No company awash in red ink has the wherwithal to purchase their manufacturere in cash, assume the mfg debt, and provide an LOC.

And, one last time (hopefully), following is an excerpt from the 10Q, which we all know is nothing compared to what we will see in the 10K, as far as A/R and corresponding cash flows.


5. Accounts Receivable

Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts.