Spongetech Delivery Systems, Inc. (fka SPNGQ)

[ID Supermoney]

There are some that say this is a bluff.

I think they have no choice but to go threw with the split.

If they do not there is no guarentee that the price of the stock with stay above the min of $1.00 pre split if it gets there to hold for the time it needs to stay above for NASDAQ, even if they make the exception.

They want out bad!! and the only way is to get above $4.00 for certain is the reverse split!! And it is a short cut to the NASDAQ as I understand it. 5-15 days depending who you talk to.

The only thing they MAY do is to DECREASE the reverse-split to 25-1 or 10-1.

? make sense?

Your comment please and thanks.

ID