Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

If you are correct in what you are saying, then doesn't that mean that there would be about 2.5 billion FTD shares, and the only shareholders would be the dozens of people who never received delivery of the shares they bought from the company?

You do know that our primary clearing firm was charged with naked shorting, don't you? As was the Exchange on which they are permit holders.

In any event, the FTD's you depicted would be failures to deliver from long sales, not short sales.