crash thats a bold statement considering you have no facts to back it up, last time the company PR'd I believe they stated they had 660 RME shares... which would mean they haven't sold any. Short will be in trouble when the company buys them back and the mother of all short squeezes happens.... company has already hinted that thats what they are going to do... alot of millionaires will pop up over night when they retire those shares, I think that is coming soon.... from the PR... look below.... 660million held... so crash you just post clearly wrong info... lol
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc., America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News), CEO Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Repurchased stock will soon be returned to treasury and removed from the trading float. The Board of Directors has convened a meeting to discuss additional positive measures to reduce the total outstanding shares in SpongeTech's® stock. Possible actions being contemplated by the Company are to exercise the repurchase option that the Company has on the 660 million shares currently held by RM Enterprises.
