Spongetech Delivery Systems Inc (fka SPNGQ)

[eliaman]

SpongeBoy nite ubss and eetm expected Rme to dump the shares they were issued not retire them back to the treasury. This is where they got trapped because, these are the shares they needed to cover the IOU'S and naked positions they took!! Don't let snyone tell you othereise. Look up convertible debt deals and how hedge funds short and look to cover into the dilution!! Bottomline, they are f'd but I believe there dill be a deal To cover per the sec!! IMO