Replies to post #190997 on Spongetech Delivery Systems Inc (fka SPNGQ)

[phrantic]

You got to be kidding??? LOL

[hasher]

It was .20 cents and the company took in 70 million in one quarter

where does it say they took in 70MM in one quarter.

Booked orders to mostly unnamed buyers that may never go through, but "took in" indicates revenues, and that is 100% incorrect.

[LUCKYTT711]

There were other ways to make them cover besides destroying retail shareholder value...like filing a clean, great 10K on time and announcing a 10:1 R/S when the PPS hit .50 because of it as they announced the timetable for the projected move to The NASDAQ...We had .25-1.00 in the crosshairs with the momo here!!! ... Disclosure ...took 75% off the table and locked up nice gains that COULD HAVE BEEN 3-4X higher on 9/1 if they filed on time...Determined NOT to learn ANOTHER R/S "lesson"... I'll jump back in later after the cloud lifts and I can see clearly again what SM is "up to"...gl