1) First of all, i didn't get a chance to check that out w/ Delaware so until i confirm it myself, it holds no merit. However even if SPNG did raise the A/S, so what? Why is this news being construed to indicate some sort of apocalyptic life-altering corporate nightmare? This is all we've heard from assorted people all day:
"OMG, lets all forget the 50 million in sales and buyback program... SM and MM club baby seals, take candy from newborns, and amend SpongeTech's A/S count from time to time."*
Seriously, what does this mean? The shares haven't been registered with the SEC, therefore they are no concern of mine. Just because somebody goes out and buys a ton of bullets doesn't mean they have malicious intentions. In fact, the last time they raised the A/S, management's only intentions were to enhance the value of the company by acquiring Dicon. In other words, they did what was best for the company/shareholders. For months we heard nothing but " the A/S is higher...the A/S is higher...the A/S is higher... the A/S is higher..." from certain posters. They didn't shut up about it. But then lo and behold, turns out they weren't diluting and everybody who ranted and raved just moved on to the next imaginary "problem" with the company.
2) To the numerous people on this board sending me an assortment of menacing private messages, cut the crap. (you know who you are) I have done nothing to you and sending me threatening private messages is not going to make me sell a single share. Plus its wicked juvenile.
My baby turned 21 today so i gotta run, but thank you again to everyone on this board whose time and effort ensures fiction does not become fact...Go SPNG. Have a good weekend everybody.
*Disclosure: Sarcasm
