Replies to post #235658 on Spongetech Delivery Systems Inc (fka SPNGQ)

[hasher]

if you read yesterdays CNBC report it plainly states these have been paid for for this year but subsequent contracts have been cancelled

[patchman]

personal opinion; it takes money to make money. The advertisement costs were factored into the scam. I actually think the advertising yielded sales they never expected but like any flash in the pan that this is, they also know that it is short lived.

How many made for TV products have longevity?

Profits still come from RME not SPNG.

[pantherj]

It si quite a common practice for penny CEOs to advertise solely for the purpose of selling more stock. In other words, the stock was their product and flashy advertising was their marketing strategy along with grandiose PRs.

Just think about it; the best estimate I've seen is that SPNG has sold 2,500,000,000 shares. At an average price of just .08 thats $200,000,000.00!! I'd be willing to spend $100 Million to make $200 Million.

[underdog150]

That is what got many here to buy the stock.
Most investors got all giddy every time they saw a SPNG banner that for some reason confirmed their investment. How many people that saw those ads even noticed them, unless they were investors? If you buy $10 million in advertising, and sell $100 million in stock, you made $90 million in profit for RME, who financed this whole scam.
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understood but if they were selling stock for their own personal gain... why fork out anymore dough out of your pocket for advertisement?

Or do you feel that their intention to create a viable company was realistic but how they continued to fund their operations was through dilution that wasnt registered?

I personally dont own the stock but i must say i was shocked to see that they were advertising ont he jumbotron during Monday Night Football last night..

[Jim Bishop]

I've seen companies advertising their stock on billboards, race tracks, television, race cars/trucks/motorcycles, bottles of water, t-shirts etc....not their products, those that actually had some, their stock.

[lucky, mydog]

wouldn't you spend 40 to make 160?