Replies to post #256899 on Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

wouldn’t it make sense for them to give them to Spongetech for a Divy?

how would anyone know what makes sense to the RME3 ?

but that's not the point .. the PR stated only Spongy was involved .. there was no mention of RME .. and that alone makes matters look worse .. the insiders grabbing the shares - stated in a PR spongy was investing .. not RME ..

if RME was indeed the lender - they have to act as a lender .. not insiders doing whatever they want .. there are laws for them to follow and obey in regards to being the lender for a public company .. IMO, these guys are walking a fine line - with some serious consequences they're going to have to face with the SEC

[Pedro2004]

Re: ... wouldn’t it make sense for them to give them to Spongetech for a Divy?


Let's look at this a bit ...

RME pays GFU $1.75 million dollars. Where did that money come from?

If RME earned the $1.75 million dollars (investment income), that means RME paid taxes on the $1.75 million dollar. And if RME is an S-Corporation, the three-amigos paid the income taxes, personally.

If the $1.75 million dollars is a loan from the three-amigos, or capital paid by the three-amigos...that means the money came out of the three-amigos pocket.

So given the two facts above:




Why would the three amigos give to SPNG a gift of $1.75 million dollars, after personally paying income taxes (on the investment profit)?

Why would the three-amigos give SPNG a gift of $1.75 million dollars of their own personal money?

[Kasode]

"Alot of the big boys are talking about letting shorts out at $18. Sounds good to me."

Mingy-who are the big boys you're referring to? I sure hope you're right! How quickly do you think this will pop once shorty starts puking? Better yet, how brief of an opportunity do we have to take profits?

Thanks!

Kasode

[TEX]

Maybe I missed something...

Is "RME" publicly traded?

If not, how might their "divies" to a public company be of any concern to any short sellers?

I'm thinking shorts--or even naked shorts--have to deal with public companies, no?