Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Thank you.
I try to stick with the think, then type, approach but it doesn't always work out.

I was only posing the possibility that Pike could have simply felt that at some point SPNG shares represented a value that conformed to his investment philosophy. Maybe I'm inclined to give that explanation more weight based on my woefully inadequate understanding of things phantom, naked and offshore.

It doesn't conform to my own idea of value by a long shot....at no point would it have. But that's what makes a market. You pays your money and you takes your choice.