Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Based on his filings, the original 100,000,000 shares were bought on the open market. At an average price of $.138 they certainly weren't acquired at a deep discount. The only way that the math wouldn't support that conclusion is if the 100,000,000, which was reported as a position versus a purchase, represents a net number of shares that resulted from both buy(s) and sell(s) transactions.