Spongetech Delivery Systems, Inc. (fka SPNGQ)

[drugmanrx]

In response to your private message your math is all wrong concerning SPNG.

Say that there were 2 billion shares A/S, and the company sold them all. At the time of the original A/S were thought to be that high the stock was for 2 cents a share. The company would have netted around 40 million dollars. 10 million was spent on advertising in 08 and 20 million in committed in 09. Plus 4 million to Dicon. Plus manufacturing and distribution cost. Plus cost of a sales team. Plus divided how many officers in company.

A company can only sell a share once. Unless they buy them back and resell them. There I would assume there would be a large electron trail to follow back to them.