Replies to post #168867 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Zorax]

In short it is a way of loaning themselves money without having debt on their books... (check out their debt hint it's 0)...

~~! They cook the books...??
Don't you see whats happening... the 3 amigos keep reselling the same shares every time the pps goes up. THEY get the profit, not spng or the subbies... when they bury it under the guise of a business it's hard to discern the shenanigans.
How many times can they churn those shares back and forth.
Rme is spng and spng is Rme. It's a closed financial package.


And BTW, 'hint' disguising debt is frowned upon by the Feds. If that is what spng is doing, spongebob will be washing prison cell urinals in the near future.