Spongetech Delivery Systems, Inc. (fka SPNGQ)

[236T568]

So, what you are trying to tell us here is that you never provided the courts with the evidence proving massive naked shorting of the SPNG stock

not surprised

starfire,

What our antagonists here fail to admit is that evidence is irrelevant, when it comes to securities fraud cases brought and prosecuted in the Eastern District of New York.

Shareholders should be INCENSED by the lack of regulatory and law enforcement action by the SEC and the DOJ, compared to what IIROC did with the Panamanian issuances (by the way, the broker's hearing was yesterday, in that case. I wonder how that went).

But anyway, how can eight certificates be sold by the company, through both Canadian and US firms, and only the Canadian regulator brings charges and obtains convictions for the illegal sells?

The problem the US agencies are trying desperately to avoid is that, unlike the six Panamanian stock recipients, who only received shares in those eight issuances, the other 16 US (and non-Canadian) stock recipients, such as Acacia Investors, received multiple issuances from many additional shares sold by the company. And when THAT door is opened, all hell will break loose.

And who knows? Maybe we'll start to see IIROC-styled dedication return to the US agencies, who are currently perfectly content with letting shareholders effectively fund the cost of their on-going investigations, and advance their own agendas and career goals at our expense.

That would start to put an end to shareholders being victimized, which is what our antagonist here claim they are trying to do for us.