Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

I would have a great deal more respect for these shareholders if they actually researched the market and understood how it works before they get on this soapbox. It takes hard work and research, not just whining that gets respect and thus results.

The system is not set up to do what they ask based on the claims they are making. They don't see that because they don't want to spend the time to learn. That is in part why they lost money - chase dreams without understanding the environment.

I know of one company that went thru a special stock dividend that was mailed directly to the shareholder. Not everybody received the dividend. It proved their were problems but it did not prove magnitude.

I know of another that thought there was a 10 figure FTD and yet the share count never reached the O/S issued. Because of the large number of participants, and without getting above the O/S, it was impossible to claim the FTD's exceeded the O/S.

But in both these cases, it required the company and/or the shareholders to act.