Replies to post #122337 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[investmentventures]

AUTHORIZED SHARES ARE 2 BILLION.

UNLESS SOMEONE CAN PROVIDE PROOF THAT THERE HAS BEEN AN INCREASE, I SUGGEST ALL OF YOU DROP THE SUBJECT.

[busytrader]

Doh! If the O/S of (last reported) 722 million shares isn't going up, then why is the A/S, from 1.8 billion to 2 billion, to now 2.5 billion authorized!!!

EXACTLY!!!!!

That said, if this tanks a few more cents, I will buy back in. I really hated to sell today but the raised A/S just killed my loyalty, at least for now.

Think about it, the company inks a deal with a professional drag race team (probably a multi-million dollar deal) and then raises the authorized shares 500 million. Even if they aren't diluting, they should have their asses kicked for insinuating they could be!! Nuff said!!!