Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

yes but you also have to factor in more shares...

if they have sold up to 2-3 billion shares... then you have to reduce the value of the stock after the 80% hit again about 80%

so the .06 would be worth $.0024 although my guess is some of that first 80% hit has taken place... however my guess is not that much considering that if this is true... and that the company did cook the books and sell stock while they said they were buying back stock... those two hits are far far less than what will actually happen....