Replies to post #298099 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[1jk1]

http://spngdd.com/2010/02/22/feb-22-2010-pike-update/ Pike may be the catalyst.DO i hear COVER!! ****What struck former ESL analyst Daniel Pike was how well Lampert understands risk. "He's obsessed with protecting his downside," he says. Lampert does this by holding just seven or eight major investments at a time -- investments he knows intimately after intensive research. Pike recalls getting a taste of Lampert's methods when he applied to work there after quitting an investment-banking job at about the time ESL was investing in AutoZone. Before hiring Pike, Lampert sent him on a grueling, all-expenses-paid field trip to visit auto-parts retailers throughout the country for a month to test his smarts.http://www.businessweek.com/magazine/content/04_47/b3909001_mz001.htm glta

[spongeboy]

PIKE!!!! Wow what a great post, I wish I wrote it .. oh I did.. I also said that the entide O/S was bought when Pike spent the $16,500,000 - I think he is buying now to keep all the shares with his group and the insides. Remember that spngdd.com found that Metter and Pizza man have a court order to sell shares to settle the BC Media lawsuit.

Could Pike be buying now to keep those shares off the street????