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snakecorleone

11/10/08 10:37 AM

#19297 RE: trader guy #19295

They have record strong sales and why would M. Metter risk going to jail over lying about tradable float? Why up buyback to 50 million shares? If Metter gets caught in a lie, it's over for spongetech in my opinion... He doesn't need to publicly state trading float is 100million, no need to state that what so ever.... and yet he has several times? I have spoke with mangement, and heard the same thing... I don't see where lies at this point helps the company, but believe what you want... there is certainly risk? in my opinion, very limited based on projected sales and current PPS...

rookinvestor

11/10/08 10:40 AM

#19298 RE: trader guy #19295

it's the chance we take...could be wrong, but can't see these guys stating over and over again what the float is...it's been memorialized too often. Now, the total OS different story...but we Know that IRON just checked the SOS filing and it is unchanged....

So a mystery looms....

General Grievous

11/10/08 10:43 AM

#19301 RE: trader guy #19295

many here have never experienced a lying ceo/company..thats the problem.