Replies to post #323552 on Spongetech Delivery Systems Inc (fka SPNGQ)

[idiotsavanti]

I see this is down again today. Do you think it's a good entry point?

[hasher]

I still don't believe 3B shares are outstanding.

Thats an interesting statement. What do you think the OS is, and why would they raise the AS continuously till it got to 3 billion.
Would you say the Transfer agent and the other authorities involved are lying.

[starfire]

I agree regarding the share count. Regarding SM & MM, let the court take care of them. The company can survive.... the technology looks good. What SM & MM did was to make a mundane product attractive by putting a face to it...SPongeBob, Dora, etc. But the better products (higher margins) look towards medical, cosmetics, Agriculture....... need to spend more on R & D. Not much capital equipment required...Turn around is very feasible & practical!! If Reckitt & Benkiser are coinventors ...more credibility. High untapped potential exists.

[starfire]

Regarding SM & MMs intent, I think when they saw the SEC was not helping out with the NSS, they decided to make monies by real dilution (as opposed to virtual dilution by NSS), use the monies to grow the business and then buy back the shares. But the playout did not happen as expected!!