Replies to post #41536 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

RG, pretty much every other day we have big buy days... At the end anywhere from 15-25 million shares are bought, only for the price to fall back down a lot on 10 million shares or so of selling..

Now if you buy 20 million shares at .019 cents and sell 10 million shares at .017 cents, time after time after time.. you lose money...

Your "theory" doesn't work, as the company would lose money this way... and if they started to lose money doing this they would stop... yet this continues time after time after time... Which means something else is going on...

Nice dd though.

[snakecorleone]

rgnoll, best post of the day, I am long but the entire NSS seems a bit off base, I would agree with you more than believe the 500 plus lol phantom. oh well, once the company is done making money this way, they will stop this and the stock will run, that's fine with me. I will just buy at these levels and when they are done playing games I will ride it up.

[Wrinkles]

Excellent post, well said RGNOLL & SNAKE!

[z4lover]

Can you please show me a company which has the same numbers as spng which goes along with what your saying in this post??

"This has already been explained to you over and over...
The company is diluting to the point of saturation, as the price drops the big buyers and the company come in and buy shares.
Quite likely the big buyers are privy to the company dilution and take advantage of the low prices...equally selling shares at a profit as well.
The company can then qualify their statement that they are buying back shares. They toss'em into the pool on one end and buy them back on the other end cheaper after they knock the price down.

The longs bemoan shorters, mms', even the large players for manipulating the stock...without faulting the company for doing exactly that.

Still wonder why the TA is gagged??
This way the share count can be continually in flux..."