Replies to post #193943 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[boobb2]

maybe someone can explain..........

let's say I bought 100,000 shares at .20 now since that time it has gone down.....(.139)..Now before the R/S was announced many here where thinking this stock could get to a dollar or more let say 2.00.with a good 10k and very low O/S.......and a great 10Q in October.......so 100,000 shares at .20 cost $20,000
at $2.00 a share you would be looking at a gain of $180,000...
now if the R/S happens at .20....your stock would be 1000 shares at 20.00 per.still worth $20,000.......but the price after the R/S would have to go to $100 per share to still have a gain of $180,000...from .20 to 2.00 with all the good news of (10k O/S 10q) sounds much easier the going from $20.00 per share to $100.00...It just looks like a much harder road to travel..
I just don't see it going to $100.00