Spongetech Delivery Systems Inc (fka SPNGQ)

[wadirum1]

VD8828,

If thoses points you cite are all true, then yes SPNG would be a raging table pounder. However, I have doubts about the O/S, the sales, and the size of the naked short position. The bounced check allegations and the Wells notice are also very troubling. In the absence of information, I have gone with my gut sense about whether I can trust Moskowitz -- i.e., I sold.

But I should also clarify that I don't follow this as closely as I once did!! I cannot fathom what Pike is doing buying so many shares. So, clearly there are still some missing pieces in my thinking. I just see other opportunities out there.

Wadi