Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Kung Fu Panda]

GFGU got a significant devaluation in stock price because of essentially some toxic financing which would probably have led to MM and SM controlling them. It was in their (GFGU's) best interest to find a way out. That said, GFGU was SPNGE's half baked attempt to get into the booming mobile internet market. Woulda been a loser from both sides of the coin. The technology is just not that special. JMO.

SM and MM should focus on growing the core business first.