Replies to post #233077 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Hedge Starz]

well if teh OS is already 2.7bil.......then where do we go from there? If teh dilution already took place weeks ago and the pps fell to .05 based on teh current supply x demand........maybe we have reached fair valuation

[Millenium323]

Really? Then why hasnt the daily volume been higher. Its averaged about 150 million shares per day over the last 3 months. 150 million shares traded per day is hardly representative of a company with 2 or 3 billion shares outstanding. imo

[hasher]

I believe the class B increase to 28 million from 25 million indicates pretty clearly that the OS has to be over 2.5 billion. learning the basics is very rewarding if one wants to learn.
Those kind of indicators, along with a gagged TA are what got me into this one to begin with. Its always for the purpose of dilution.