Replies to post #197825 on Spongetech Delivery Systems Inc (fka SPNGQ)

[weatherdude]

Jesus H ...When is the 10K going to come out...It's gotta be out in the AM doesn't it???

[dollarsandsense]

i agree with you. the AS is 900 million. you just have to ask the right questions.

[CYRXorbust]

these quotes from our management team are absolute BS.

CEO Michael Metter commented, "This is another significant reduction in SpongeTech’s authorized share structure. The actions we have taken demonstrate that we are prudent with the issuance of our stock and committed to making the right decisions for the Company’s long-term interests.”

COO Steven Moskowitz added, “The reduction illustrates our determination to provide clarity with respect to SpongeTech’s capital structure and enhance our stock’s desirability for both current and prospective investors. We believe this step, combined with our planned listing on NASDAQ and our many initiatives to expand the company’s product portfolio and market penetration, will help elevate SpongeTech’s profile and gradually establish our Company as a global player.”

so they are trying to fool shareholders by saying the reduction to 300mm when the OS is going to be 5-9mm shares (HUGE HUGE gap) is illustrating their determination to provide clarity..oh geez thanks guys

next PR should read.. "SPNG management washes their hands every other time after using the bathroom to do their part in preventing the spreading of germs"

garbage