Replies to post #197702 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Fastmandoo]

Insiders are getting more shares "CHEAP" Daily before the 10k Push

[Stock Stallion]

that is really one of the ODDEST posts i have ever seen. I'm not being sarcastic, i really want to understand your resoning on WHY he would do something like that. IMO that would make NO SENSE.

[weeblewobble09]

The theory would be that they filed on August 21st to reduce the a/s to 900m and have a 250/1 RS on sept. 22nd, knowing that Delaware would report the CURRENT a/s at 900M (which it's not, just like it's certainly not 300M now despite what Delaware will tell you). That sent the stock price higher. Then SPNG sold tons of stock in the high teens and 20s. Then revealed the r/s tanking the stock, allowing them, thru AYME, to buy back the stock they sold at a much lower price. Then could can the r/s and then sell stock again at higher levels if they want. Insider trading and stock manipulation at it's finest.

OR, they're still selling as much stock as they can and the 10K is never going to come out.