Spongetech Delivery Systems, Inc. (fka SPNGQ)

[rdailey4]

That is the million dollar question. Maybe to shake out weaks and day traders and eliminate anyone who would sell at below a dollar in a squeeze, or maybe to show the shorts a wakness to lure them into thinking they are still in charge, I really don't know. But I do know that the way they did it, 1 for 100, making the effective date 2 weeks out, and just the fact that they in no way need to do a R/S, convinces me they will never go through with it. A R/S usually indicates that a Company is faltering and about to go down, SPNG does not want that image, and they certainly don't fit that mold. This is a ploy and I am sure they have their reasons.