Spongetech Delivery Systems, Inc. (fka SPNGQ)

[eelfland]

The dumpage is being done by the insiders, IMO, with dilutive shares, ripping off the people who believe what they put out in their PR material. Usual penny-stock ripoff. I don't really know why anybody would think differently, unless he makes the mistake of believing the PR's or the rumor mill.

Maybe this answer is unacceptable to you, because it accuses the insiders of the company of scamming people. But that's what nearly always is the case in this situation, whether people "accept" it or not.

I'd be surprised if the shares that are being sold and attributed to the "NSS" are not just the normal diluting dumpage by insiders.

Especially with the gagged TA. Bet on it.