Spongetech Delivery Systems Inc (fka SPNGQ)

[ozz112]

Investors are buying and selling...this has gone from 8 cents to 4 cents...it is now riding the low 4 cent level...there has already been at least one trade in the 3 cent level which shows you that there has not been a permanent buyer at 4 cents or the computer would not have made that match. This is the most likely explanation. Also, it is possible SPNG is buying at 4 cents to generate hype in this "Trading range" scenario you are talking about and selling a lot more shares than they are buying. Might be the only way they can get some traffic on the grey to sell any. Also, very likely. As I said last night, why would someone pay a premium for the stock at 4 cents when they could let it drop into the 2-3 cent range, cause a selling frenzy and clean up at much much lower costs. Who do you know that invests by giving away money? Your scenario just doesn't fit the facts.