Replies to post #112385 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[moocow111]

Wow Ameritrade has not been able to fill me since .125 and my bid has been over the ask.

[thesource]

I don't keep up with this stock. The post I responded simply caught my eye. I have been burned a few times with these microcrap stocks and try to avoid them now days even though you can make a ton of money on them if you play them right. IMO, these companies simply use their investors to fund their pockets and never plan to give back anything. Its way too easy to pull a massive reverse split and do it all over again. The SEC should create stricter guidelines but I do not see that happening anytime soon.