Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I just realized approximately how much cash Pike generated with his ADY sales in the period covered by this post:
http://investorshub.advfn.com/boards/replies.aspx?msg=46903094

On 5/22/09 he held 1,500,000 shares. On 2/16/10 he held 275,000 shares. At $30 per share average (ballpark) he raised ~$36,000,000 during that time. I think he spent about half of that on SPNG shares. As far as I could tell he did not file any beneficial ownership forms during the period showing any buy transactions..there were a few Parlux exchanges within the funds, but no cash laid out.

So either he has another $18mill or thereabouts laying around or he has been buying shares in companies in which he is holding less than reportable quantities or he has been buying preferreds or bonds or something else that doesn't require him to file.

Just thought it might be interesting to show that he might still have a couple bullets in the chamber.