Wednesday, November 18, 2009 7:52:59 PM
Michael Metter, CEO of SpongeTech® comments, "The management team feels that these mechanical steps to reduce the outstanding number of shares will be a positive step in changing the current trading pattern of our stock."
Yeah. Uh huh. So far so good. The trading pattern seems to have changed just as predicted by Mr. Metter.
COO, Steven Moskowitz adds, "The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock."
OK...so now you lost me. As the O/S was further diluted into oblivion, even at .04 or .05 this garbage is OVERVALUED. Is this what Moskowitz means by fundamental value of our common stock?
I believe this thing is, in fact, a complete and total scam. How, with all the evidence available, can one conclude anything different?
Yeah. Uh huh. So far so good. The trading pattern seems to have changed just as predicted by Mr. Metter.
COO, Steven Moskowitz adds, "The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock."
OK...so now you lost me. As the O/S was further diluted into oblivion, even at .04 or .05 this garbage is OVERVALUED. Is this what Moskowitz means by fundamental value of our common stock?
I believe this thing is, in fact, a complete and total scam. How, with all the evidence available, can one conclude anything different?
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