Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Teflon2Insults]

On the topic of NSS and use of State courts:

Understand - as stated time and time again - short selling INCLUDING naked short selling is NOT against any law.

A co-ordinated attack on a company stock to lower its price MAY be...and if that includes naked short selling - maybe yet more so....but here - we've heard it too many times already:

A company making a sponge which costs more to make than it can sell it for, with fraudulent books, fabricated customers, all done as a pump and dump scheme (and condfessed as such by the promoters) is the exact opposite of where short or NSS could even be considered anything except the CORRECT way the market allows someone to take a position. The company was a fraud....a scam ...there can be no damage from shorting something that had only a fake inflated value. Short selling did not take down the value of the company - there was no value...except as part of a scam.

And all the Court did was say really was anyone/thing wanting jurisdiction can have it....basically they don't want anything to do with the whole thing! They did not in any way give any credence to any of the suppositions of the NSS crowd...in fact - the opposite.

First find a state with laws about NSS (only a few even have it)...then try and fit this in (you can't) and more importantly - see if any would ever consider pursuing it either...they won't. They didn't want to in the cases presented opting to say they couldn't - so the lusa's went to the S Court to get the decision that the State can ...but - they won't. Unless it is a real clear stock manipulation.....not a stock fraud.

How about just quietly waiting for the naming (and seizure of assets) of all those affiliated groups from a decade ago - (or whatever you want to call them)...a very infrequently used thing and only then very quickly after an event where those participants and the assets are easily identified, seen and reachable....which is also normally then fought about for a decade in court. Or maybe hold on - the recovery is getting near the $50 a person it takes to disperse. Ooops....fee's for doing so is lowering it!