Replies to post #40217 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[reaper21]

if they keep doing this then there will be people who will take them to court.

[Slow Learner]

Rookinvestor, I wish they would stop now.
I wish they would just start buying at 7:30 am for once and not stop.
This would force the PPS up and up and up,
until this supposed Naked Short was forced to cover.
Every single time the company releases good news, the PPS drops like a stone.
The management claims in radio interview after radio interview that "there is nothing they can do about the PPS, it will correct itself at some point"
yet every other day I see someone drive it up at the end of the day, with extreme ease.
Like I said, I believe management is playing a private game with public funds.
I can never, ever, get a straight answer out of Steven concerning the float.
and that is not an inappropriate question.
I hounded him last week about the share structure and then they release a PR concerning share structure without stating what the float is, not even an estimate.

I believe management is buying air shares from the NSS for themselves, which a low PPS benefits them.
I believe they are leveraging issued and outstanding shares, they are selling into the float for funding and then buying back before they have to report for the 10q's, which a low PPS benefits them.

One of these days they are gonna get caught with their hands in the cookie jar AND WE, THE SHAREHOLDERS, ARE GONNA BE THE ONES WHO PAY.

disclaimer - i currently own 1.8 million shares

[virtualdrew]

They stop when they have ALL the shares, with exception to their 13(g) filers! Otherwise, Moskowitz and management WANT IT ALL!!!

These guys are keeping the pps low! They are trying to shake us all out...every last one of us! They will do it for months on end, until they cut so deep, we take our losses, and they REAP THE BIG SCORE!!!