Spongetech Delivery Systems, Inc. (fka SPNGQ)

[doogdilinger]

winner06...for starters they recently increased the A/S to make room for this needed dilution phase that's all but passed now...& the increase was only to 800M A/S ok.

So when you ask when will this dilution stop it's not like there's 5B authorized here for them to continue mindless dumping...in fact the self funding they just enacted was to cover manufacturing & marketing costs to ensure they're able to implement the rest of their growth...& to me the plan on the share structure issue will now go like this...as their revs begin ramping up over the coming weeks...they'll be taking a percentage of those sales & rolling them into the RME share buyback in stages ok.

So instead of talking about this dilution phase that's over now IMO...the talk around here will be about the revs they're now driving & how they're buying back the RME shares in stages & lowering the O/S not increasing it k...hope this helps glty