Replies to post #35079 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Carpedeim357]

GG why? Its called banks want to see more years of profits first is why. They are tightening requirements to give credit. That's why and why they did not get credit line last June as planned. Now where would SPNG be without rme funding? No results, no growth, no profits but less shares issued just no eps or future. The company be just like others. Going no where, no big future. They be doomed to being small cap forever. Oh and the plan involving player # 2 would not be possible. The results growth and how big spng will become is only reason they want in. The money we will make owning SPNG also would not happen as planned.

[snakecorleone]

GG, if you believe the company or someone close to the company is BMAS, that's a wild card to your theory, its clear to me BMAS is underwater on all the shares they have purchased. That's assuming they have never sold a share. Why would the company dilute and buy with bmas? They are over 80 million. Your thoughts on that?

[Sola Fide]

Its the old principle of "using someone elses' money"...
Perhaps they have tried to get funds from lending institutions, but were turned down?
One of the biggest attaboys is that they Didn't go to guido in the alley (read Cornell type shark) for funding.