Replies to post #37244 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[BleeckerStreet]

Was not retail buyers today.....
Maybe tt and crash and flyer pooled there
paychecks...........IMHO

[patrun]

Do you think the pps is low. When I check on Yahoo finance, I see the market value so low regarding the company value. It means to me the pps is undervalued, but we neve know how to play this because this is an up and down stock. GLTY

[mackbryan1]

Thats what I thought. A good number were not restricted. It would make sense if this group was purchasing those. But, why would they just not buy RM for that price and retire all the shares?

[Carpedeim357]

RD that is correct. As Steve told me last year the first shares issued to rme are not. When I asked him why they where not under the buyback like new ones where he said and I quote. We will make plenty off long term when we grow SPNG off the first shares those we will keep. The rest we have to issue becuase we did not get bank lines as planned last June. It was either provide funds to SPNG with shares as collateral per what RME bank required or shut down. That is why all the newer re shares all will be retired. People just do not get it was a loan but because of only collateral they could offer shares it has to be recorded like they did has shares issued under equity for funds received from rme. Now they are all going to be retired and rem get paid back as planned. Just sooner then planned. Good thing for us because once they are as soapy says in IBOX we are really going to like it this announcement.

[Whiplash_Investor]

The first 267M RME shares were restricted