Replies to post #297284 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

That T/A list was correct. The transfer agent refused to say it was incorrect, only that it was "unauthorized". I asked them more than once and each time when I would ask, "Are the numbers correct?", they would come back and say, "The list is unauthorized".

Couple that with the constant increases in the A/S and the class b (intended to make sure Mosky and Metter stayed in control) it is easy to see through the fog. The O/S here is near 3 billion. PIke has been buying like a crazed lunatic and he can't move the price in any sort of a lasting way. In fact, he is way down on his money.

The point is that nobody knows the O/S unless they have a source like the TA (someone more reliable that SM) -- and lawsuits and legal proceedings against M and M won't matter much if the O/S is only 300mm and owned by Pike, RM, and SPNG officials.

[SDBob09]

Ya know, it may be as simple as Pike knows someone, someone he trusts implicitly, and this person is telling him that the earnings and sales and O/S, as reported to the SEC, are accurate. For sure, without a doubt. This would not be insider trading, as those numbers are public... just very much in question right now.

[puppydotcom]

One is that the OS is 300mm

that one is hard to buy .. it was 750 at last filing and I'll bet you it has gone up pretty fast since ..