Replies to post #282737 on Spongetech Delivery Systems Inc (fka SPNGQ)

[alien42]

Of course spongetech does have profits, huge profits actually. So you have a great company, great products, insanely undervalued, that has a huge naked short position built into the stock

lol, why is the SEC going after SPNG again?

it doesn’t take a rocket scientist to see the huge upside.

it doesn't take a rocket scientist to see the tooth fairy or Santa Clause.

[pantherj]

In reality, Pike owns about 5.3% of the OS and controls only 2.515% of the votes. He is in a very bad position with no power to effect the outcome.

[Risicare]

You can make up as much as you want about the SPNG's numbers and naked shorts but you will still lose it all....... Ready for it?

Expected losses from here -99%

Fair value = 0 by common sense
Shares outstanding > 2billion by the NOBO list
Naked shorts = dick all, all one has to do is check the official numbers

[puppydotcom]

What is important is the fact they own 49% of the companies outstanding shares, 160M.

uh, no Pike does not own 49% of the stock .. its just something you made up

Pike Capital Partners, LP = 22.1% of COMMON SHARES BASED ON THE last know periodic report filed by spng


and those filings according to the wells notice are COOKED