Replies to post #305572 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Risicare]

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!!


Don't you mean the company pushes off shares at a steep discount to a related party. Which are then sold into the market reaping big money for insiders on the backs of SPNG common holders.

[FMorgan]

Ok, Lets say there is 3B outstanding shares. Now justify the low comparative volume in trading. Are there that many people confident in SPNG at this price not to be selling?

[pantherj]

RME is far from "friendly." Its more like ususrious managemnet that requires drasticlly discounted shares as collateral. Since they are working both sides of the street and hold dictatorial power over both SPNG and RME, they can do whatever they want, charge whatever they want, whenever they want. There is NO room for retail share holders in that cabal. SPNG was set up by the Mutt Bros, solely for the benefit of the Mutt Bros.

Interesting that you single out Hedge Funds as the bad guys. LOL After all Pike is a Hedge Fund.