Spongetech Delivery Systems Inc (fka SPNGQ)

[Risicare]

Who knows, Pike's backers sunk ~18 million in maybe they want to lose more LOL

I have begun to wonder if Pike purchases were some kind of money laundering.

Offshore cash --> Pike
cash --> Nominees selling shares to Pike

This would bring money onshore and create volume and interest so more shares could be unloaded.

Probably the people were just conned though as that is the simpler explanation. It is just hard to believe that Mosky the moron could convince somebody to sink 18 million into the scam.