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Post# of 346917
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TigerTrader83

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TigerTrader83

Re: Libra59 post# 145478

Wednesday, 07/22/2009 1:23:43 PM

Wednesday, July 22, 2009 1:23:43 PM

Post# of 346917
If you read a little further it says that they are buying out of the float:

"Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float."
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