Replies to post #145478 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

who cares what they purchase and retire, as long as the OS goes down it is good for us.

[TigerTrader83]

If you read a little further it says that they are buying out of the float:

"Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float."