Spongetech Delivery Systems Inc (fka SPNGQ)

[pantherj]

Well guess what? I'll dispute that. If Pike has written and verbal knowledge that is not public info, then he is in violation of the insider trading regs. Personally, I'm not so certain Pike's involvement in SPNG is as innocent as others claim. But, it just doesn't make sense for him to violate insider rules.

i don't think he has any facts that indicate this is a solid or profitable investment. First of all, he would have to be privy to what the SEC will do with SPNG and that info would have to satisfy him that all is well. Because revocation will wipe him out just as quickly as it will wipe you out. And there is no way that he nor anyone else outside the SEC could say SPNG will not be revoked.

There are only two scenarios left:

A) Pike was conned like everyone else

B) His current buying has to do with the previous sale of unregistered shares.