Spongetechs market cap is currently being valued 36 million. The only way this makes sense is if there is a massive phantom short position, which there is. Now, if you go through the fillings, the share buybacks, and share retirement, you'll find SPNG's current outstanding share structure is 350M, however rumors go around that its infact less than that. Based on that, Market Cap is 17M. This for a company that does 30M a month in sales.
There is huge naked short position, if you want to take a shock, you only risk 5 cents, but the upside is unlimited.
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