Replies to post #207139 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[timetomakemoney]

Actually they don't have to do a reverse split. Especially if the company says it looking at tender offers.

[Uranium]

wadi, the question is when will they rescind the R/S? Monday? Tuesday afternoon? When? It very well could be a wild swing in price depending on when.
U

[MovedOn]

Thanks Wadirum,

The question I struggle with internally is what the company's management is thinking the lesser of the evils are now...going through with the R/S or cancellinjg it. Going througth with it means we all take the short term lumps that come with it. Cancelling it to try to build the pps as before but now with a R/S always then looming in the back of everyones mind?..is defeating For me, it's the former, they have to take a shot at the uplist and do it now with the financial moment they have accumulated the last 6 months. The latter hasn't worked in the short term anyway. Again, MM was emphatic that they need to get off the BB. Go back to the conference video and see the look of disgust when he comments on getting off it.