Spongetech Delivery Systems, Inc. (fka SPNGQ)

[talbaine]

Allow the shorts to cover, repurchase more shares to retire...

your guess is as good as mine. What troubles me, like I have

stated before, is that with a 1-for-100 reverse split they

allowed for the current share price to drop all the way to

0.04 and still meat the $4 nasdaq requirement. I sold 75%

of my holdings yesterday by putting an order in to sell at

0.155 anticipating the huge puking of shares. The order did

not get filled till around 10:30am though. Black friday was

provoked/set off by SPNG, but this black tuesday certainly

was and people are rightfully concerned.

Still long and strong but with a much more disposable amount

for now just to keep my foot in the door so to speak.

IMO