Spongetech Delivery Systems, Inc. (fka SPNGQ)

[wadirum1]

Let's say that SPNGE issued shares to RM to cover the $1.75mm payment. Say that the PPS was 10 cents (though in fact it was higher when the RM payments were made). And say RM got the 40 percent discount. Even so, this is only a 30mm share block.

IF SPNGE continues to be issuing billions of shares at relatively high prices, they would have received hundreds of millions of $$ from RM. I don't believe RM has that sort of money and I don't see why SPNG would need it.

Wadi