Replies to post #311024 on Spongetech Delivery Systems Inc (fka SPNGQ)

[leucro]

Definitely, although we have known all along how this would turn out or else we would have not risk such exposure to our porfolios.

[leucro]

Although, I would be the first to admit that at times I grew wary of management which can be the main downfall to a value investment regardless of a company's intrinsic/inherent value. There is when I had to put faith in the research conducted and to further research the company on a daily basis in a wide sprectrum of factors.

[1jk1]

SpongeTech® Delivery Systems, Inc., The Smarter Sponge™, (Pink Sheets: SPNG - News), re-confirmed that future business prospects remain robust despite a number of unwarranted comments and publicity in the New York Post and other media. Since September 2009, there have been shareholder lawsuits, adverse comments and other actions directed against the Company. The Company will continue to strongly defend itself against such unwarranted comments and publicity. These activities have not prevented the Company and management from focusing on running and growing the business.

T,absolutely agree 1000% btw in germany yesterday spng closed up 12.9% to .035.It looks to me that spng will start moving up once the buyers start coming back.With that said spng will definetly start showing up more on everyones radar from the papers,pr yesterday etc.Remember the lawsuit basically is saying among other things the stock has been shorted.If the noise gets to loud just turn off the volume.tia glta