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Replies to post #325207 on Spongetech Delivery Systems Inc (fka SPNGQ)

Replies to #325207 on Spongetech Delivery Systems Inc (fka SPNGQ)
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Risicare

07/09/10 5:59 PM

#325209 RE: OldTymer #325207

It is a pretty sure bet they are using some pretty bogus valuations. All they ever had was Dicon and sponges.
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puppydotcom

07/09/10 6:08 PM

#325211 RE: OldTymer #325207

the claim is total BS .. no way the true assets are 10 to 50 million
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big lug

07/10/10 9:28 AM

#325293 RE: OldTymer #325207

OT,

What about the 500+ pallets of product in the warehouse across the street from the Dicon facility. Perhaps they are counting that as an asset at full retail value.

Big Lug