Replies to post #233363 on Spongetech Delivery Systems Inc (fka SPNGQ)

[dalessan]

I'm not singling you out, I can't keep track of who wrote what, but several said that there would be no 10K forthcoming, some said no MM would pick them up...I'm just talking about speculation...I can handle facts.

[hasher]

tex, for the record, I said they spent over 650K during week june 5-12 on promo. That was incorrect. Actual numbers are about 350K with 265 of that on the big push day june 12.
The 1.5 billion shares traded during that week is correct
The 650+K was for the 3 months leading up to that date.. still a formidible amount in both instances.

[hasher]

Promoter costs: So much backtracking .
and again the promoters numbers.
Unfortunately, these guys hide everything so well its hard to keep up

June 8: $15,000
June 10: $8,000
June 12: $265,000

Those amounts are documented for a total of $288,000

and now the big one.
June 9: 2,350,000 shares at an average selling price somewhere between .12 and .28 on the runup,
or, dollarwise, at the lowest, $282,000
and at the high end, $658,000.

Add it all up and:

lowest possible total spent: $570,000
highest possible total spent: $946,000.

The real amount spent will be somewhere in between that.
That is in a 5 business day period and its easy to see how the PPS got to .285
we know promoters never hold stock on a P+D so rest assured that stock went back into the market. Not really a lot of shares considering how much was washed through that week.

[puppydotcom]

did he mean "accurate speculation" ?