Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Uglytuco]

Remember - I was making a guarantee. If you want to know what I think (rather than guarantee, I think the stock is worth 23 cents at 700M shares. I also think if a group owns 200M shares, and the RME shares are eliminated, they should offer $2 per share to buy the company since they would already own the 200M outstanding. This is what I'm hoping for.

In a typical buyout scenario, you have the buyer trying to negotiate the price down and the seller trying to negotiate it up. If each side owns the entire outstanding shares, they both have the incentive to push the price up. I'm sure with the viacom deal and other product lines they are launching, they could convince auditors that $400M is a reasonable sale price. They announce the deal, it costs them nothing, and the stock shoots up to $2 while the nakeds start forking over the cash.