Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Kasode]

PIKE-SPNG-Must Read

Not sure if any of you have seen this, or this has been discussed. I found an interesting tidbit posted back in Jan. talking about how it was Pike's plan all along to purchase all of the outstanding float so that the company could prove rampant NSS.

Interesting read. Seems like the most recent buy-in corresponds with the PPS increasing dramatically. Intuition tells me that they're done buying and the fireworks are about to start.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=100008&tid=65562&mid=65562&tof=5&frt=2

Pike took my advice!!!! Back on September 9th I posted on IHUB that the entire float could be eliminated by buying 164,000,000 shares and insiders then hold all 722,860,000 exposing the naked shorts. Mabye Pike read my post and bought the 160 Mill - ( I was wrong by 4,000,000 ) - fireworks are coming - prove me wrong!!!


Posted by: spongeboy Date: Wednesday, September 09, 2009 10:33:32 PM
In reply to: Fishforbreakfast who wrote msg# 191833 Post # of 279074

FLOAT IS GONE?? Get a calculator
Documented FACTS from Filings and PRs:

FACT: O/S is 722.86M

NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc., The Smarter Sponge™, (OTCBB: SPNG - News) is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions

So official O/S is 722.86M

FACT: As of last SEC filing % Held by Insiders1: 50.32% 1 = Data provided by Thomson; 2 = Data provided by EDGAR Online;

364.1M held by insiders and institutions as follows.

AMI Investment Management, Inc... 40.0K
Fisher Investments 90.0K
Howe Barnes Capital Management 162.0K
Janney Montgomery Scott LLC 40.0 K
Lazauskas (Frank) 10.8 M
Levin (Joel L) 41.0 M
Metter (Michael) 7.7 M
Moskowitz (Steven) 6.1 M
RM Enterprises International, 257.0M???? (some say 480)
Signature Management, LLC 41.0 M
Others 24M

SO FACT 722.86-366-24 leaves us 332M Float)

FACT The float is 332M CEO/COO bought 18M company bought 150M

SO FACT 332M-18M-150M = 164M remaining

These numbers are correct

NOW I speculate:
At an average price of .122 ALL of the remaining 164M shares could have been purchased by the company for $20M - Yesterday we gave $4M to getFUGU without any explanation of what or why? I can only assume that the announced buyback was complete and for an additional $20M the company BOUGHT ALL OF THE SHARES before the FUGU deal!!

Think about what this would do for us. Moskowitz goes to the DTCC, SEC, and FINRA, and says,"we are trying to split our stock 100-1 and WE are holding all 722.86M Shares that exist. AYME, NITE, ETMM, SCOTTrade and others say that they have 930M more shares, please explain this to us. The rule allowing naked shorts is called "the Madoff Exception" google it. Think of all the free press we would get as the company that exposed the wall Street fraud of Naked Shorting!!

Am I wrong?