Replies to post #272664 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[timetomakemoney]

Maybe they have a client that shorted SPNG.

[gortclatu]

ALL THESE SALES HAVE TAXES PAID--WHAT IS THE TAX BITE FOR 2009=8% OF SALES=REAL SALES---SPNG PAID MORE THAN 35MILLION IN TAXES MORE THAN THE PRICE OF CO NOW--TO KILL THE LAWYERS AND SEC SPNG SELLS OUT OR MERGERS, CONTROL STILL IN HANDS ON MET AND MOS---THIS WILL HAPPEN

[puppydotcom]

Carpedeim, you are 100% right. Some people think Pike is pouring million in garbage. How stupid is it to think a Hedge fund company is pilling up huge sum of penny stock without any kind of DD when the company is under SEC investigation? Of course, Pike should know spng is under investigation, of course they know managament raised AS to 3 billion, and of course they should know all the rumors before they decided to buy these hot sponges. Even with all those negativity they still invested millions in these hot sponges, and what kind of message it is sending to ohter investors? It is no brainer that message is they are betting this penny stock will return millions in near future. And rather follow their message than some basher in this blog who might not have invested a penny in this stock. Happy holidays to all


without going back to look I believe 120 to 140 plus million shares were bought BEFORE the SEC investigation .. what are you guys rattling on about? of course he did some DD .. used the filings and most likely spoke to the insiders .. and got caught holding the BAG .. just like everyone else here