Spongetech Delivery Systems Inc (fka SPNGQ)

[wadirum1]

The point of lowering the A/S would be to confirm your suspicion about the trading volume.

I don't care whether SA Trading is real or not, and a 10k is not really needed. All they would need to do is lower the A/S or ungag the TA. If they only have 300mm shares, this would go to the moon because it would confirm the existence of a massive naked short position.

SPNG could then issue a small number of shares at very high prices -- enough to pay any Wells Notice fines and recapitalize the company. Everyone would win, except for the shorts.

But, they aren't doing that. Instead, they kept RAISING the A/S.

I'm going to bed. Y'all can cook up whatever stories you want about this. But please, before you invest more, keep asking yourself why they don't just ungag the TA or reduce the A/S.

Wadi