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Replies to post #183109 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

Replies to #183109 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

weatherdude

09/02/09 4:52 PM

#183110 RE: timetomakemoney #183109

So let's go ahead and jump the gun here...What would be a fair tender offer to the SPNG shareholders if someone wanted to buy them?

Soapy Bubbles

09/02/09 4:56 PM

#183112 RE: timetomakemoney #183109

All the voting power is in the Class B, not commons.

Smallville

09/02/09 4:57 PM

#183114 RE: timetomakemoney #183109

I agree. I think someone is trying to buy as many shares as they can before they accept whatever the company wants.

TigerTrader83

09/02/09 5:07 PM

#183125 RE: timetomakemoney #183109

I think the only logical explanation is AYME is SPNG. Why else would they support the bid like they have been doing? If it was the shorts trying to cover, we know they would like the bid fall and cover cheaper. If it was someone buying the company they would want to pay less for shares if they could.