Spongetech Delivery Systems Inc (fka SPNGQ)

[OldTymer]

Trying to put the pieces of the puzzle together...

I'm just relaying what I have seen posted here and what SM has told me.

1) I know SM told a couple of people that the O/S was around 700M. Bill Young told a poster that it was under 700M.

2) There was at least one, but I think two people who called or emailed SM and he said SPNG has not been dumping shares into the market.

3) I sent an email to SM, along with the letter that was sent to me by the T/A that stated the O/S was over 1.24B and asked him to explain why he says it's around 700M. His response was: "well the bigest questions were not asked to the t/a"

4) We know they are increasing the A/S count. Let's assume for a moment that SM is correct -- they are not selling shares into the market, and the O/S is around 700M, maybe less.

5) Again, for the sake of argument, let's assume SM was telling the truth when he told people that they were having a hard time getting certs for their shares.

Question: If everything stated here is the truth, what are they up to?