Replies to post #194924 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[CheezBurgers]

Try 30 bil.

You really think they're gonna find a way to sell off that many shares??? Wait, don't answer that, I've read your previous posts ;)

[TigerTrader83]

Ha keep trying to spin the words how ever you can, time is running out

[Hedge Starz]

haha......now that's some funny math

[S281]

300m x 100 = 30Billion

[Revenger]

hahah again, do some research on a few sites or just go to investopedia...

A RS DOES NOT HAVE ANYTHING TO DO WITH AS. A RS SPLITS THE OUTSTANDING SHARES ONLY...

http://www.investopedia.com/terms/r/reversesplit.asp

"A reduction in the number of a corporation's shares outstanding that increases the par value of its stock or its earnings per share. The market value of the total number of shares (market capitalization) remains the same. "

[wolveryne9]

well to be fair they did lower it from that ridiculous amount of 900 million to 300 million so yeah that was lowered but i agree that is way to high.but i dont beleive they are going to get listed on nasdaq either people keep quoting the pr and the pr state one step closer not we will be uplisting to nasdaq after the split.my guess is spongetech will continue to support the share high as price as possible because think about it if they can get it to 20 cents 100 to 1 r/s will give them 20 bucks a share so even dumping 1 million shares into that 20 million bucks and then steadily down after that was in a previous r/s of 100 to 1.after the company did the split share price was at 10 bucks now its at .0018 with talks of another r/s.so good luck guys but i will buy in after the falling share price stabilizes.

[txwatcher91]

I think we need a sticky on how to calculate the AS and OS, because people keep coming up with this funny math lol. They are reducing the AS, the RS does NOT affect the number of AS shares, ONLY the OS shares. AS has been reduced from 2.7B, to 300M come 9/22. Thats NOT dilution, thats quite the opposite.

[fourkids_9pets]

could you please post a link showing
when the AS was ever 2.7 B

IT NEVER HAPPENED

and
yet that continues to be posted .. why?

---

the highest the AS ever was .. was 2,060,000,000
that was the filing *ACTUALLY FILED* on 5/26/09

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6625928-867-5110&type=sect&TabIndex=2&companyid=383951&ppu=%252fdefault.aspx%253fcik%253d1201251

that was then *reduced* to 900M *again actually filed*
on 9/8/09 ... in between there where how many 8k's filed?
what did they pertain to?

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=6789901&companyid=383951&ppu=%252fdefault.aspx%253fcik%253d1201251

factually correct info with verifiable
links ~ it's not an opinion

your posts have zero credibility without actual links
to *verify* what is posted

--
and for those who have zero *concept* of why a co.s
AS would *always* be higher than the issued and outstanding
is .. may i suggest some entry college level courses or
utilizing the *google* ..

--
4kids
all jmo

[toddean2009]

A Reverse Split doesn't have any effect on Authorized shares! "Hello, McFly.... are you in there?" You can only split Outstanding shares. Investopedia.com's Definition of a reverse stock split:

What Does Reverse Stock Split Mean?
A reduction in the number of a corporation's shares outstanding that increases the par value of its stock or its earnings per share. The market value of the total number of shares (market capitalization) remains the same.