Replies to post #326945 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

as a shareholder i have no issue if current shareholders are willing to help provide financing to the company to assist them through these turbulent times. Shorts see this as a obstacle to their ultimate goal chapter 7. you still holding your shares OT? Where did you get your info on NEWLEAF?

nor do I - as long as its real and approved by the BK courts .. not some silly letter written by a known scam artist and stock promoter

[Risicare]

eliaman, what if the new financing came in the form of a $1.0 million loan that would be convertible into 300 BILLION newly issued SPNG common shares.

Essentially current stockholders that would not lend any additional funds to SPNG would be diuted by 99%, owning 3.0 billion out of 303 billion O/S.

would you be happy with that?