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Spinosaurus

08/30/09 4:46 PM

#178908 RE: Zorax #178903

kitt: no_BS and z4 have explained this to the board lots and lots of times. They end up with no toxic financing, and no debt. If you don't understand tghis all now, then go back through the posts and find out the answers. It's beyond the time to explain again. This stock is set to go lite speed up, very soon.
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Revenger

08/30/09 4:47 PM

#178909 RE: Zorax #178903

I wasnt aware that a popular band from the 90s, REM, was a part of Spongetech. Last I checked it was RME, and you have your facts wrong also.

Welp, off to do something worth while... You should give it a shot sometime.
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z4lover

08/30/09 4:57 PM

#178915 RE: Zorax #178903

Yup I think just about everyone has figured it out. RME is a good thing...

See the misconception of many is that stock sold is always a bad thing...

However if you read and understand the terms this stock sold acts as an interest free loan to fill orders of which they will get paid back for...

Not a bad loan, nor is it bad for investors... In fact due to the fact that the shares are bought back at cost and these shares were in bulk put on under .02 cents per share... needing to be bought back when the AR comes in... this is a very positive thing for share holders... As many will not understand how SPNG was able to buy back so many shares so quickly, and will have done a valuation based on shares that can be bought back for much less than they thought...

note 306 million shares need to be bought back at .0039 cents a share... those which will be bought back at that cost... And guess what happens when we get rid of them? HMMM eps sky rockets... and everyone has to re-valuate... only the share holders who understand this can take advantage of it.

Good luck to ya...
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Zorax

08/30/09 5:55 PM

#178950 RE: Zorax #178903

Read their 10Q. Somewhere near the middle where it describes where rem sells stock to itself/themselves.

~~! RME not Rem. Obviously a typo. Sorry. I know of a past band called REO .. I don't know a band called rem.