Replies to post #318575 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[xDREWx]

I think the price is holding up because the share count was slightly reduced and/or locked up to a certain extent.

I think some shares were retired after the O/S became 3 billion.

I think 200 million are held by PIKE and other funds.

I think a few hundred more million is still held by those that are going to see this thing through to the bitter end and would rather see it get de-listed than quit the dream.

IMO there's another group that truly believes this is still an attack on the company.

As far as the final outcome, well the complaints make it look like this thing should have already been revoked but the charges are somewhat light. If this is all the charges we see, then Sponge will continue. Successfully? Probably not.