Spongetech Delivery Systems, Inc. (fka SPNGQ)

[jondoe0069]

I haven't really been following much in the past couple of days, figuring this thing is pretty much dead. Virtually no REAL sales and liabilities will be piling on, especially due to law suits that have been and will continue to come. Also, Dicon is not worth as much as once suspected since the sponges weren't really selling as advertised and the rest of the product line is not necessarily generating very much revenue. Also, it was bought with illegaly obtained money, so I'm sure it's future will be in limbo for awhile.

With that said, why does the stock keep hitting .01? It took 2-3 days for it to go through, but I offloaded everything for .01 this morning. Prior to all the fluff, it was selling for .006. Now, more shares are outstanding and the liabilities are unknown, but definitely outrageous. Also, the company has no credibility.

Is there something I've been missing? Maybe I should flip some between .005 and .01?