Replies to post #288145 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Virtual Drew]

All of the stucks (longs) are trading on the assumption there is only 400, 500, or 600M shares in the O/S.

As soon as you find out the O/S is 5x what you expected, the PPS will get an 80% haircut.

600M O/S = 2.8c
3.00B O/S = 0.56c

The panic will make it worse, and send it to trip 0s!

[alien42]

if you are going to correct the O/S for your calculations, the revenue numbers also need to be corrected.

i bet we will only see those actual numbers when the SEC fleshes them out.

did you notice that SPNG stopped their monthly revenue/orders PRs when the SEC investigation started?