Replies to post #267937 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[OldTymer]

stoxmagic, if this part is true...

"The talked about controlled buy-in being very real. Being very much underway. And no. We're not talking the entirety of the phantom float. What we are talking about is the greater part of same. Certain of the involved criminal entities being domiciled offshore. A different kettle of fish. Different mode of operation. Calling for a timely and costly approach. Overwhelming legal expense"

If they can't do anything about the offshore shorting, then that problem will persist and will continue to keep the price much lower then it should be, correct?

[WPOSullivan]

You had me at:

"Just who right.

Just who wrong. "

SPNG may be conducting "business as usual", selling their wares in various stores across this great land, and may someday return to acceptable trading status. However, this will occur with probably (again imho), one or more R/Ses which at these pps levels will decimate the common stockholder who trusted the company in its filings, promotional activities, TV/radio spots etc. Some of those "bag holders" may never recover.

Some have sold, take the losses, move on.

Some hold (as I do), but can afford to lose it, hoping for the "big reward".

Others hold because it's all they can do.



WP

[pantherj]

Your post ignores some very important facts. The most important of which is that SPNG's re audits, the Qs and the 10K have not been filed. If they are not filed, the company will be revoked; and then all of your surmising will be for naught. It will not matter to shareholders one bit should they be in and dominate every single retailer in this world. If SPNG is revoked, the shares become untradeable and all investments will be worthless.

JOB #1: The re audits/Qs and 10K.

JOB #2: See JOB # 1

That, of course is from the investors stand point. M&M will do very well in any event; barring criminal indictments and disgorgement actions. But, the investors will lose everything.

[hasher]

And in June we did see an interim High of $0.2851 with the buy-side pressure remaining strong at the time. Until.

Until june 13, when they stopped paying promoters to pump the stock, whereupon it immediately plunged back to .12 - .14 (now considered the good old days by many )