Replies to post #154294 on Spongetech Delivery Systems Inc (fka SPNGQ)

[crashman]

"They have the war chest to back it up."

Oh really? FRom the last 10Q:

CASH AND CASH EQUIVALENTS, END OF PERIOD
$ 34,570

[crashman]

"Buyback program is a shot fired off the bow that ownership is not going to let the stock price tank."
So far they issued a lot more shares than they ever bought. From the last 10 Q:

Issuance of common stock for consulting fees, loan payments, advertising, and other
$9,722,405