Spongetech Delivery Systems, Inc. (fka SPNGQ)

[crashman]

wadirum, no need to calculate OS is published as of a few weeks ago. I don't know what everyone is so excited about:

"The Signature Fund investment philosophy centers on the concept of the investment of “mezzanine capital,” whereby long-term equity investment is provided to the company, while simultaneously being liquidated on a short-term basis by the Fund as it transitions out of such investment via its proprietary methods and networks."
http://thesignaturefund.com/philosophy.html

What it is saying is that this fund is just another kind of death spiral financing, and that those 41 million shares they got likely at a very good discount from the company, will hit the market in short order. GLTA