Spongetech Delivery Systems Inc (fka SPNGQ)

[pantherj]

Exactly. i am astounded at the level of ignorance on this board.

If you have a company that's borrowing money at interest rates of 57% per year, and is using those funds to manage a business with pretax margins of 20% per year, that's a negative arb.

Rinse and repeat often enough and you file for bankruptcy.