Replies to post #134407 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[weeblewobble09]

Reverse merger = merger with PRIVATE company. PRIVATE people, geez.

A merger between 2 public companies is called....... a merger.

[overachiever]

What makes you think the current holders of this hypothetical Nasdaq company would be willing to give you one $1.00 share of stock for every 10 cent share you currently hold in this trading shell? That would be a very foolish thing for them to do, wouldn't it?

Don't forget what I just explained about Metter and Moskowitz's relatively small position in common stock here.


If it happened, and say our stock was at .10 and we merged into a company that was $1.00 we would get 1 share of the new company for 10 of SPNG, we still would hold the same value. If that is what it takes to get off this horrible manipulated board (OTC) I am "hopefully anticipating" it