Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Sola Fide]

This has already been explained to you over and over...
The company is diluting to the point of saturation, as the price drops the big buyers and the company come in and buy shares.
Quite likely the big buyers are privy to the company dilution and take advantage of the low prices...equally selling shares at a profit as well.
The company can then qualify their statement that they are buying back shares. They toss'em into the pool on one end and buy them back on the other end cheaper after they knock the price down.

The longs bemoan shorters, mms', even the large players for manipulating the stock...without faulting the company for doing exactly that.

Still wonder why the TA is gagged??
This way the share count can be continually in flux...