Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

If Moskowitz told you the O/S was only 500 million shares, he was lying to you. He hasn't been raising the A/S every few weeks just for funs and giggles.


This is a stock dumping scam first and foremost.

All you have to do to figure out the O/S and where it basically stands is to track the class b. They keep adjusting the b upward to make sure they maintain control as they print new common. Right now, the B indicates the o/s is around 2.75 billion shares with plans to raise it to the new limit.

Moskowitz also lied to you about the SEC investigation. It has nothing to do with "shorts". It has to do with the actions of SPNGE management and the games they have played through RME and promoter stock issuance.


I HAVE TALKED TO STEVE MOSKOWITZ TODAY. THE SEC IS LOOKING IN TO THE SHORTS, THIS IS WHY THEY ARE CONTACTING BROKERS. HE ALSO ASSURED ME THE OS IS 500MM.