Replies to post #288121 on Spongetech Delivery Systems Inc (fka SPNGQ)

[alien42]

"If we got a 8k saying the A/S was 3,000,000,000 and the O/S was 2,750,000,000 we would see some PPS action on the greys .... say $.0004"

fixed

[Mingy]

Yes, your right. Guess at that point it would be hard for them to say there is no NSS. If OS was 80m I expect alot, alot higher than 1.35. Maybe 10.35, cause 80M OS, with 350M in ownership fillings would mean there are 270M fake shares and shorty better cover them quick.

25M a month in sales
x
12 months
x
.20 Profit margin
x
20PE
=1.2B market cap.

Divide that by your 80M figure would give a fair value of $15 actually. I can imagine alot of funds would be trying to snatch up shares before that level on the fact that they know 270m+ shares are naked short.