Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Millenium323]

Thanks for the information. I am sorry they assured people no reverse split. If they did that was wrong. I am glad to hear the 1:100 reverse split is going through. SPNG needs to get off of the OTCBB and onto the NASDAQ as soon as possible. Staying on this exchange any longer hurts the company in the eyes of its clients as well as with wall street. As to the size of the reverse split I am glad it is 1:100. If it were any less say 1:25 the stock price would only be around $3.50 post split and would be manipluated by the market makers to prevent it from ever staying at $4.00 and thus achieving NASDAQ listing. So as I said earlier, anyone who is against the 1:100 reverse split is illogical. They need to get off of this exchange as soon as possible and the 1:100 reverse split is the only way to accomplish that in a reasonable time frame. And once they are on the NASDAQ they can always do a forward split to make the stock more liquid and that is precisely what I expect to happen.