Replies to post #193955 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[nole92]

It would have to go to $200 for a gain of $180,000. (you would have 1,000 shares at $20, not 2,000)

It seems easier because many can not comprehend percentages...they only see numbers.

Edit -> if I sound arrogant, I am just over all the complaining about the split.

[spongeboy]

It needs to be $200

Before the split:
100,000 shares at .20 cost $20,000

After the 100/1 split:
1,000 shares at $20.00 also $20,000


Before:
100,000 @ $2.00 = $200,000 - $20,000 = $180,000

After:
1,000 @ $200 = $200,000 - $20000 = $180,000

Before
Earnings $59M O/S 500M EPS .1176 P/E 17 = PPS $2.00

After
Earnings $59M O/S 5M EPS 11.76 P/E 17 = PPS $200.00






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maybe someone can explain..........

let's say I bought 100,000 shares at .20 now since that time it has gone down.....(.139)..Now before the R/S was announced many here where thinking this stock could get to a dollar or more let say 2.00.with a good 10k and very low O/S.......and a great 10Q in October.......so 100,000 shares at .20 cost $20,000
at $2.00 a share you would be looking at a gain of $180,000...
now if the R/S happens at .20....your stck would be 2000 shares at 20.00 per.still worth $20,000.......but the price after the R/S would have to go to $100 per share to still have a gain of $180,000...from .20 to 2.00 with all the good news of (10k O/S 10q) sounds much easier the going from $20.00 per share to $100.00...It just looks like a much harder road to travel..
I just don't see it going to $100.00