Interesting numbers, poster claims numbers came from Steve, I've read his other posts and would appear to be a true long who is holding 2million shares and apparently Steve said he could post it... here we go...
OK boys and girls I just got the figures and I will for ward them to you. These are real and up to date as of this minute.
809 million shares out, minus 653,349 million restricted that will be bought back by the company and will not be floated.
155 million 651 thousand shares floating without the 50 million buyback. That comes to 105 million, 651 thousand shares floating when the 50 million buyback is completed.
The company estimates over 100 million shares are naked.
Spongetech will now start dealing with the stock price and thanks the legitamate stockholders for being patient.
The company could not deal with the stock manipulation until these major contracts were secured because they were afraid of the effect it would have on the major contracts they were in the process of having signed.
Going forward in the near future. They promise that the stock is their next major focus and will deal with the manupulation. We are about to engage in an effort to stop the erosion of the stock price.
AFTER THE BUYBACK: 105,651 MILLION SHARES FLOATING. ALL OF THE REST WILL BE BOUGHT BACK BY SPONGETECH.
