Replies to post #277258 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stevedog1616]

I hear ya. I have not averaged down as I am just letting my chips ride where they are. The sell price that you think is high and the cost to manufacture these sponges are the numbers that intrigue. $7.99 retail which means they are selling for about $5.00 or maybe more in some cases. I cant see this these spongs costing more than $1.00 to make and package add in licensing fee and freight then lets say the max cost is $2.00. $3 to $5 profit per sponge. Sell 10,000,000 sponges a year world wide and you made $30,000,000 plus profit.

This is the nice part that keeps me here. M&M aside shareholders will be golden now. I for one am hoping for a resolution of this stock fiasco and a big payday.