Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

Man someone is a debbie downer.

No 50 million buy back is not going to fix the problem, but if the ibox is right, and there Doug really bought almost 50 million more shares, and there is another investor.... lets do the math

Doug 13 g 41 million
other 13 g close to 41 million
More Doug buying 50 million
Company buy back 75 million (common)
Company execs at least 25 million (my guess is if the company is really doing what they are saying this number could be much much higher)
4000 investors @ 25k a piece (100 million or so)
RME 660 million (remember shares were taken out im just keeping them in to make it easy)

= 992 million shares total!! Lets see, what happens but my guess is there are at least 150 million shares shorted... (and remember the 660 million shares are restricted... )