Replies to post #204798 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[peem]

9 times out of ten the stock tanks on a reverse split as it is done to dump shares as this one is, they are not uplisting they cannot even file the 10-K LOL Although the reverse is not as much too worry about as the coming indictments.

99/100... an otc company has debt, no real revenue, negative net income and no real product. It's easy to see spng IS the exception.

[fredk]

Risicare, You have a very strong point. But the reverse is danger for any stock, and this penny stock, spng, having a reverse is like jumping off a bridge...
The clown management do not care for their loyal investors..

I really think Steve is a theif the way he is doing business by promoting a reverse. No matter if there are shorts in it.

All these penny stock holders will get burned. And I really dont think some of these people have gone through a reverse.

I was a long but dumped the remaing shares yesterday. now Im looking at dump and pump this stock to try and make a few bucks.

Fredk