Replies to post #123667 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[biomanbaba]

damn good post......fools and whiners should read first......deserves a stickey

[Crow3]

Sounds good. But what about the new half-billion shares and taking the PIPE? What was THAT for??

http://www.investopedia.com/terms/p/pipe.asp

If they have the ability to operate off revenue and show the bankers cash flow, why didn't they just get a line of credit instead?? No disgrace to do that. Most Companies do it.