Sorry, I had to. SPNGE has been such a bad stock. Today SPNGE continued to be a volume leader on the OTCBB. We have no idea if the stock will be able to shake the E designation. We do know the stock has fallen significantly since reaching its high.
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Wednesday, September 30, 2009
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7 comments:
Securities fraud charged on Spongetech.
I feel terrible for all the people who were sucked into SPNGE!
I wonder if SPNGE will ever trade again?
Wow, maybe I have to eat some of my words. SPNG is trading on the OTCBB again, and with no E. Congrats to the SPNG team for this accomplishment. However, I would not touch this stock with a ten foot pole. I'm just glad longs are getting a chance to get out with something at all!
SPNG now trading on the pinks. Yahoo finance ticker SPNG.pk.
I am not sure if SPNG Spongtech is actually trading any more. They are being severely restricted on pinksheets.com
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