Tuesday, September 29, 2009

SPNGE Leader OTCBB Trading Volume

SPNGE Spongethech Delivery Systems a penny stock trading on the OTCBb traded up 15.4% in early trading. We did not find any news to support the gain. SPNGE has joined the ranks of penny stocks who have failed to meet their listing obligations to remain on the OTCBB. If SPNGE does meet their listing obligations the E will be removed from their trading symbol, and traders may once again find SPNG attractive. However, we doubt SPNG will be able to meet the OTCBB listing requirements.

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