Replies to post #238075 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[janice shell]

If you owned shares, at what price would you try to unload?

I'd just watch the tape closely on Monday. I have no idea where it's likely to open. But usually when a suspended stock resumes trading on the Greys, at the beginning of the first session there's a rush for the exits. Market sells are likely to get you a very low price.

So it makes sense to see if it stabilizes somewhere. The trades will be all over the place for awhile, but at least they'll give you some idea of what you might be able to get with a limit order.

That's no guarantee, though. They can take your order or not, as they please. Pray that a fair number of people will see a "great buying opportunity"...

[TEX]

maybe you will find this useful:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42586359

[rbtree]

I am quite certain that the volume on this stock will be much higher than other suspended stocks have seen. And, as usual, there will still be those who think the company did no wrong, or will still file financials soon. Therefore, there will be buying. It also is quite clear that many ran for the exits in the last 6 weeks or so.

Still the volume will be much lower than it has been. But I'll be surprised if the opportunity for some to exit between 4 and 8 cents doesn't present itself. Likely the best chance of being burned will be early on, then the best chance of a good exit will be within the first two-three hours.....

By mid day, or surely by the third day, traders will have gotten a feel for the action, and the trade range might be reasonably tight. Expect a slow downward trend, with little that will slow it, besides filings...

The other thing that might add to a strong price is the continual rumors of large short positions, air shares, whatever. While these are most certainly bogus, they may still create some buying. And, as with other cult stocks, the pumpers will still be spinning their nonsense...

The above is just my opinion.