Spongetech Delivery Systems Inc (fka SPNGQ)

[spongeboy]

Pike raised $16,750,000 in a RegD Private Placement - This money came from outside the U.S. (see paragraph 13) on the filing http://www.sec.gov/Archives/edgar/data/1459013/000101359409000701/xslFormDX01/primary_doc.xml

He spent it all and he is done buying (see spngdd.com)


SOURCE OF FUNDS Working Capital
AMOUNT OF FUNDS $2,350,681

The source and amount of funds used by the QP Fund in making its purchases of the shares of Common Stock beneficially owned by it are set forth below:

SOURCE OF FUNDS Working Capital
AMOUNT OF FUNDS $14,107,606

Therefore, a total of $16,458,287 was used to purchase all 160,000,000 shares, and from the easy formula of $16,458,287 divided by 160,000,000 shares we see that Pike’s averaged-in price is approximately $0.1029.


I said he was done buying on Jan 8 Posted by: spongeboy Date: Friday, January 08, 2010 3:52:04 PM
In reply to: Mingy who wrote msg# 278450 Post # of 279162

Mabye the big buying is over - look for a 3filing or a 4 filing within 3 days.