Replies to post #294524 on Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

A little research will show you his connection to Dicon and some well known folks.

I don't see any connection making him anything but a large share holder in spng .. again .. the "what if's" .. have zero connections with any legal or any agreement connecting Pike and SPNG - other than a common share holder

pike is no different than anyone holding shares

just because someone wants it to be, does not mean its real .. what is real, is Pike has lost on paper today, 80+ % of the funds investment and losing more each day as a share holder of spng

nothing more - nothing less

[loanranger]

"A little research will show you his connection to Dicon"

My little research was unsuccessful. How about a hint?

[spongeboy]

Pike Oldie from November 26, 2009

We now know Pike bought 160,000,000 for aroung .10 pps


In reply to: Kasode who wrote msg# 263436 Post # of 294537

Pike makes $276 Million on SPNG
If noboby lied - Pike makes $276 million


If we ever get a 10k and get back on OTCBB - I think 10k will show $56M sales $11M Earnings 500M O/S. This is .0224 EPS (earnings per share). A P/E of 15 gives us the PPS of .336 - If the O/S is 250M the EPS is .0448 so a P/E of 15 gives us the PPS of .672

But stocks are priced on future earnings so.....

If the PRs were true we had $70M booked for the first 3 months of the new fiscal year we are already in.....

August was $29M and $29M x 12 months is $348M without further growth - Let's add Dicon and call it $350M for "easy math" .. Earnings should be $70,000,000 -- past profit margins has been 17%-22% but could be higher with volume and the Dicon aquisition--- so we earn $70,000,000 or .14 EPS at 500M O/S

Our industry (soap)
commands a 17 P/E (but I will use 15)

If the O/S is 500M .14 EPS 15 P/E = $2.10 PPS- easy
If the O/S is 250M .28 EPS 15 P/E = $4.20 PPs- easy

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Pike bought 142 million shares for - lets say $7,500,000

he can sell at $2.00 and walk with $276,500,000

Buy all you can below .05 - If you believe Management - I hold 1.6 million shares and would love to see $1.20 - I report good news when I see it --and bash when I see bad stuff --- Moskowitz lied to me in an email - but I am not a litigant in the class action (yet)-- new trademarks this week means new products - or smokescreen -- we are selling a new green sponge in austrailia today -- but no 10k -- i smell a big payday but no 10k-- but make your own decisions -- read all my prior posts -- right 521 times - wrong 4 times ALL I KNOW IS- Pike is a big player who cannot be ignored - he knows facts what we don't

Long and Strong