Spongetech Delivery Systems, Inc. (fka SPNGQ)

[BKJORDAN]

While I'm in it for the long haul, this pattern is looking suspect. It drops every morning at 9:30am and then we test a low for a few minutes and then we bounce up but never to the open price and the rest of the day we bounce along a few % points below what we started at. It seems like a slow bleed from the year high of .28. They do it to keep everybody in. They sucked us in with the miracle run up and then after the drop they continue to talk it up and keep people buying only to slowly suck them dry penny by penny. IMO.