Wolv... my theory, my guess, my opinion is this... Company is mad... Maybe because the shorts attacked them, or are still attacking them... so why wait... well, if you had deep enough pockets, why do anything about it other than buy up cheap fake shares... I mean, they want to uplist right... do you think if this stock was trading at fair value they could uplist or meet all the requirements? Most people would say fair value on this stock is appx .45 cents... give or take.. that's a rough estimate, so don't bash me either way:)...
So... the stock is trading at .018 to .04... if the company has deep pockets, they just keep buying stock at these levels.. the shorts let it run a bit but on average, you could accumulate most of your shares at around .025- .03 cents.
Why stop buying? think about it. the deeper the shorts dig, the higher they will have to pay to get out of hole.
If you know something is worth 50 cents... and someone offers to sell you unlimited quanity at .03 cents.... you might only have one shot at a deal like this, so you keep buying until they quit selling at that price... or until you run out of money. With that said, BMAS appears to like this stock and is buying alot at these prices.
If Doug files another Form 13 for 59 million, his group owns 100 million and if BMAS buys 100 million, how many more filings do you think it will take for the "BIGGEST SQUEEZE EVER" to take place. Don't forget, the company knows whether or not they are going to be raising guidance again for the year. Just think if they are sandbagging some huge USA retailer deals already ink'd. Why not grab as many cheap shares... Obviously management and family have some money... I have no idea if Doug is going to file or for 59 million, i just stated that for easy math, FYI...because of the 41 million already filed..FYI.. Doug has publicly stated his group owns over 100 millions shares, so that's why I stated that...just for an example only...
Just my thoughts.... Plus, if I had to guess... The company is doing this to fund operations going forward...
Keep in mind if BMAS is the company or friends of the company, they can hold out on selling those shares...
Spongetech may issue shares once the price spikes really high to help the shorts cover....LOL... Do you know what kind of capital that will mean for SPNG?
Just speculation.... but that's my guess why the company is allowing this to continue... when BMAS stops buying... Fireworks will probably start... or...if you see BMAS just go on an outright MAD buying spree, that might be a sign, they are grabbing the last amount before the fireworks...
Look, I have emailed and talked with Doug numersous times, his not lying on his position. I have spoke with other large investors. My friends, family and I hold well over 20 million.
I think we have a winner...
