Replies to post #271833 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[underdog150]

So it could be one fund of Pike is shorting SPNG shares
at .05, and the other is covering at .04. That would certainly
explain the trading range the last 2 months.
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They had a private "sale" from one fund to another of 6m shares within pike.
And the phrase "non-derivative securities" just means the primary security....common stock.