Spongetech Delivery Systems Inc (fka SPNGQ)

[z4lover]

Listen some mislead us by saying OMG look at the company it was selling shares! but if you look at the date of the major price drop from jan 13th to march 9th... it was impossible for the company to sell here is why...

In the 10q the OS was stated as 1.17 billion on Jan 13th all while also $1,719,390 worth of stock was held on top of that in the company's tresury... now if you put a 2.2 cent cost avg on the shares held in the treasury the AS would be maxed out.. meaning they couldn't be sold..

now from Jan 13th until March 9th the AS didn't go up So there was no possible way the company was selling...

but yet they want you to think that the company was selling...

oh and note longs have been adding shares, and not selling... we have traded near a billion shares in this time range... yet the company wasn't selling, the major share holders werent selling... so who the heck was selling??? think about that...