Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"So can any of you longs explain why PIKE keeps moving shares between funds?"

I'm not a long (or a short), but I think that the explanation may be a lot less nefarious than you imply.

Todays movement of PARL shares from LP into QP left the ratio of PARL shares in QP to PARL shares in LP at 6.018 to 1.

Todays movement of SPNG shares from LP into QP left the ratio of SPNG shares in QP to SPNG shares in LP at 6.018 to 1.

We don't know what the dollar values of the respective funds might have been on, say 1/12...the day before the reported transactions.....but I suspect we might be able to guess their relationship. This appears to be a simple re-balancing of the funds.....but I don't pretend to know its purpose.

That said, one indeed must wonder whether the respective shareholders, whose level of sophistication SHOULD allow them to follow this re-balancing exercise, readily accept the fact that profits and losses are being recognized in the process. Unless they are the same shareholders?