Spongetech Delivery Systems, Inc. (fka SPNGQ)

[818hoss]

NO I`am not a buyer at this point, I closed out my position yesterday. Why would I want to buy now and get diluted 100 times over and whow knows at what price it will be at come pre split! My guess its going to be at about .03 pps. I will look at it again once it hits the nasdaq and the dust settles,when I see the big guys buying thats when I will reconsider jumping back in. Thats the only thing thats going to support share price and only then it will continue to move up. If you notice in the Institutional Investors who had positions in this company were very small like 40000 share, I had more than they did by far. I think they were just testing the waters and I can bet they are no longer holding pre split! Well thats my 2 cts hope it helps someone out there LOL