Replies to post #21492 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Sprycel]

So, right now this company is in fact funding itself through a second company which is owned by the same management that owns Spongetech?? Is that right?
So, RME, is going to keep 148 million shares as the original seed money infusion for product development and introduction with all other shares purchased from them having the ability to be repurchased by Spongetech at a later time at the same price they purchased them for?? Is that right? No premium pricing for lending Spongetech money during their expansion? What happens to the shares being issued to RME? Are the holding onto them or selling them into the market? I can't believe they are selling them into the market if Spongetech has the agreement to buy them back from RME in the future. RME must be keeping them for future repurchase from Spongetech? Am I right? At the time of frozen credit markets for small businesses and their ability NOT to have to go to financing through a convertible debenture, this deal seems damn sweet to me!! Comments and confirmations please! This 15 posts per day is the shlits!! I have so many questions to confirm!