Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

Short Volume Findings:

Okay, I have Oct 19-today all in a spread sheet now, my eyes hurt. I imported that into my charting software, and am looking at it several different ways. Total volume, Short volume, then a ratio of short/total. I think the thing that stands out the most, would have to be yesterdays trade.

A total of 19M shorted, which is the second highest amount of shorting since we resumed trading. However, there were 5 days that best the Total amount of volume that traded yesterday. Looks like someone wanted to buy yesterday, and someone had to short quite a large amount to keep the price from rising.

Also, we haven’t had a day where the ratio of shorting to volume is greater than 70%, however several days where it was just below that. Seems like shorty could watch that very closely, as breaching it might raise some red flags to the regs.

Most interesting!!!!!!!!!!!!!!!!

I’m seeing that of the 4 months we’ve been trading, the amount of days in which the ratio of (short volume / total volume) got above 50 percent, total 13 days.

Of the 13 Days

Oct19-Jan 6 (55 trading days): Only 2 times.
Jan 7- Feb 19 (30 trading days): 11 TIMES!!!

Two highest months

4 days in Jan where the ratio traded above 50%
7 days in Feb, and we still have another week of trading!!!!

So it looks like shorty is having to short more and more to keep the price from rising, which is exactly what some people have been saying.

So basically by the SEC and FINRA ignoring the problem which is obvious, they’ve allowed Mr Shorty to add to his position, making the eventual blow up, that much worse

WOW.


http://regsho.finra.org/regsho-February.html