Replies to post #255059 on Spongetech Delivery Systems Inc (fka SPNGQ)

[surfdog]

Here's a thought...if spng gives it's shareholders say 1 share of gfgu for every 100 shares of spng we hold would the shorts have to buy gfgu shares to cover their position thus raising the pps of gfgu and in doing so would cause a short squeeze on gfgu in which would trigger a double squeeze and in some way help the pps of spng?? I am assuming approx. 500mm os.
Just a thought....sorry if someone has already posted this secnario!


I love this co!!!!

[patchman]

well this statement makes the prior press releases and announcements misleading and improper. If RME is the party that engaged in the financing and RME received the shares, this implies that SPNG was not a party in the dealings at all. They did pump the stock however with a press release saying otherwise.

So... Do you think SPNG gave RME shares when the $1.75 Million was granted? If so, it would be double dipping and again - illegal.