Spongetech Delivery Systems, Inc. (fka SPNGQ)

[madeindet]

Wasn't UBSS fined for naked shorting during the same period SPNGQ was a target? Wasn't penson charged with reg sho violations, which took place during the same period as SPNGQ?? Why are they now BK? What happend to HDSN mm?

Re:CYNK MARKET MAKER BUCKMAN WHO NAKED SHORTED...WAS GETTING SQUEEZED AND TURNED TO MEDIA CNBC AND SEC TO STOP THE BLEEDING OF HIS FRONT LOADED NAKED SHORT



Laresca—who had put on an even riskier form of the trade known as a naked short— figured the stock would fall on its personal as more persons found its absurd balance sheet and nonexistent solution or if the SEC suspended trading. Instead, the shares doubled on July 9, starting a “short squeeze”—a mad rush amongst traders to buy stock and reverse their quick positions.


Guess he never borrowed the shares, just in it for a quick buck??

Another news source:

http://www.dailynewsen.com/business/searching-for-cynk-the-6-billion-penny-stock-debacle-from-belize-to-las-vegas-h2525803.html