Spongetech Delivery Systems Inc (fka SPNGQ)

[wadirum1]

Say they are short 2B. Say that a MOASS begins and we are quickly at $2 and things are getting a bit out of control (some small hedges going BK and brokers and MMs getting upset). Sit down in a meeting with all parties who are "on the hook" and let them buy 2B at $2 each. Sure, the O/S would increase greatly, but SPNG would instantly be a major company with $4B in its coffers.

SM has repeatedly said he was not going to do this, but I like to think about all options. Heck, even if he wouldn't do it at $2, I have to think that he'd consider it if the price was high enough.

The only way that option stays open for SM is if he already has an adequately large A/S in place.

Wadi