Replies to post #145201 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TigerTrader83]

Ain't a big number? 100 Million when there are only 720 million OS or lower? We know that at least 300 of those 720 are RME so take those out of the float, Management just purchased 20 million from open market for them so take those out of the float as well. (for at least 6 months) Looks to me as if that 100 million is at minimum 25% of the float.

[dylyo]

I have been lurking on this one for some time

it is the same old garbage argument


in the end you have real numbers to go off of


has the O/S increased?

yes

has it been accompanied by many PR's?

yes

is it being pumped to high heaven?

yes

should you buy?

?

its your dam money do what you want

just know this is one pumped fat sow of a common stock and will R/S eventually

will it R/S today?

no

will it R/S this month?

prob not

will it R/S this year

most likely yes

enjoy the ride

and forget the chart indicators

they are very irrelevant when so much interest is playing in the background

especially when that interest posts here


flame away

[cruzdelsur]

Man, you have to read better. NO DILUTION BUT RETIREMENT OF SHARES.

IS THAT CLEAR?

[tturner617]

In a way, Hash is right (for wrong reason) Whether you believe 2+ b out, or 730m out--we know only less than 250m are tradeable and the rest are owned by RM and are eather restricted (144) shrs, or if 144 expired, still hve the buyback provisions "at cost" so still can't be sold. (so potential impact is huge IF the co buys all of em back from the float. However, the co has a history of increasing the float buy back option, without aggessive buying the float. Moreover, they have a history of incresing the buyback option while still having 3/4 of there prievious unfofilled.