Spongetech Delivery Systems, Inc. (fka SPNGQ)

[ClearlyStocks]

I love this stock, dont get me wrong. I am long in this. But the company is also giving out a lot of shares to get recognized. Lebed got 1,250,000 shares and he sold as states

"My firm Lebed Biz LLC has been compensated by a third-party (Doug Furth) 1,250,000 free-trading shares of SPNG for a one-month investor relations contract. I have already sold these shares. Never invest into a stock we discuss unless you can afford to lose your entire investment."

And

Compensation: TGR Group, LLC has been paid a fee of $30,000 cash and 750,000 shares of newly issued restricted stock by Spongetech Delivery Systems Inc. for coverage of the Company. Additionally, one of the managing Members of TGR Group, LLC has purchased 150,000 shares of Spongetech Delivery Systems, Inc. in the open market with an average cost basis of $.035 cents per share.

Current Position as of 05/02/08: 750,000 shares of restricted stock
Total Dollars Liquidated as of 05/02/08: $3,728.74

(This is the last one who was compensated 750,000 shares and has sold all. There was no use for you to get all worked up)