Did you read their disclaimer? Spongetech looks like a strong company yet they are paying promoter websites to pump their stock. Usually it is for a reason. Disclaimer below. GL!
- Spongetech Delivery Systems Inc.
Coverage Period: November 29, 2007 - November 29, 2008
Company Symbol: SPNG
Compensation: TGR Group, LLC has been paid a fee of $30,000 cash and 750,000 shares of newly issued restricted stock by Spongetech Delivery Systems Inc. for coverage of the Company. Additionally, one of the managing Members of TGR Group, LLC has purchased 150,000 shares of Spongetech Delivery Systems, Inc. in the open market with an average cost basis of $.035 cents per share.
Current Position as of 05/02/08: 750,000 shares of restricted stock
Total Dollars Liquidated as of 05/02/08: $3,728.74