Replies to post #305570 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[eliaman]

outstanding is what is relevant here. The authorized number may be 3 billion, however, when spogetech draws on loans from RME (FRIENDLY INVESTORS/MANAGEMENT) they are issued shares when the loan is re-paid the shares are retired!! keep dreaming about the OUTSTANDING ever becoming the AUTHORIZED!! Its a beautiful thing when wall street miscalculates and a company has friendly investors loaning money at favorable rates!! HEDGE FUNDS MISCALCULATED!!