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I understand the shorts goal, either get this thing to zero, or get it as low as possible and get there buddies at the SEC to halt it. They don't have to cover the shorts if to zero, and if its halted, they keep it on there books at a profit and dont' have to worry about sponge blowing up in there fact.
Its clear, despite the buying by pike, that shorts are not phased, and clearly going full blast trying this to go low as possible to accomblish one or the other. Why SM can't see this and beat them to the bunch by releasing the 10k while we trade on the greys is beyond me.
Obviouslly, but why? Why transfer 3M shares from one accoutn to another.
Looks like they transfered 2.95M from the LP fund to the QP fund, qp fund now has 137M. Interesting, wonder reason. Thanks for update
you think the NSS can cover 1.8B shares down here when average volume is 15M? Whos gonna sell it to them? Not the smart longs that know this company is worth much more.
Sorry but the idea that naked shorts could cover there short position is just foolish, in all honestly they are most likely adding more shorts.
1 shareholder owns more than the outstanding shares himself, explain how thats possible without huge NSS??????????
Why don't you read up on it,
http://www.sec.gov/comments/s7-08-09/s70809-382a.pdf
The Naked Shorts goal, shorty, is to drive this stock to zero/bankruptcy, or to get us halted. If they get us to zero, they do not have to cover there short position, thus huge gains for them. Now with the halt, they no longer have to worry about the upside, and the legal process which will take years, will allow them to pay out fund managers and continue to put dooms day off.
The shorts are working so hard to try to accomplish one of these goals, and will stop at nothing.
RELEASE ON THE GREYS AND GET THE SHORTS OUT OF THE PICTURE!!!!!!
At .027 cents, our market cap is 8.7 Million dollars. Hilarious. Yes, Outstanding shares are 323M. 323m x .027.
DROP IT ON THE GREYS
People need to ask him why at this point doesn't he just release the 10k on the greys. Its clear we are being jerked around by finra and the SEC, every corner we turn shorty has another obstacle for us. That will not change either, they are working hard to see us fail, then we are to take them out of the picture. Drop the 10k on the greys, burn the shorts, make SEC and FINRA looking like jerks, and in the future with the shorts gone, we will have a much easier time getting things we want.
When the naked shorts are on the verge of losing billions of dollars, its a safe bet they have teams and teams of people doing everything they can to dig up dirt and try to hurt this company.
I really hope this is the final puke, could be, seems like all attacks happened at once looking for just this.
Well now that my OS number based off my calculations fit pefect with that 322 number, I'm typing it up, along with the rest of my research. I have contacts at a few hedge funds and going to try to get set up with a couple people to bring it in and share. I'll try to start this thing myself, I'm tried of waiting for SM to get all the stars aligned. If they are not going to release on the greys, then I’m going to try to get as much demand for shares as possible.
I personally got an email from that fake SM yahoo account back in novemeber. It was 1 sentence, horrible grammar, and half the words were misspelled. Clearly someone trying to make SM look like a dope.
I really do love the stickys. We have a sticky about a patent from November, but not the court settlement in December about it. We have the wells notice but not the more recent fillings from pike. Then we have the Madison square gardens lawsuit, but not the lawsuit against someone on yahoo claiming to be SM.
To funny, all three negative, not one positive.
Quite a difference between short interest, and naked shorts interest through FTD's and the creation of Phantom shares.
No there isn't. The short interest covers all FTDs. That is the biggest myth in pennyland and one which penny stock scammers everywhere love to convince naive ignorant investors is the truth. Too bad so many fall for it.
OH YEAH,
WOW, REALLY???? Well I just looked on the OTCBB website for the short interst in spongetech on 8-31-2009, and found 206,526 as short interest. I then went to the SEC.GOV, to get the Fail to Delivers for that same period, 8-31-2009. The FTD's were 26,203,689. NOW, If the FTD's were included, wouldn't these numbers be a bit closer together, and not off by 26 MILLION??? Thanks for your help, but i'm pretty sure i'm correct, and FTD's are not included in short interest reports. LOL
SPONGETECH DELIVERY (SPNG) OTC Type: OTCBB
Short Interest for August 31 2009
206,526
www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=spng&StlmtDt=08/31/2009
20090831|849109103|SPNG|26,203,689|Spongetech Delivery Systems, I|0.21
http://www.sec.gov/foia/failsreports/cnsfails200908b.zip
Or if you can't figure out the SEC link, you can go to here, and then dump fails raw data, which will give you the data in spreadsheet form.
http://failstodeliver.com/default2.aspx
maybe its just all connected.
New York Post
"Since 1993, it has been owned by media mogul Rupert Murdoch's News Corporation, which had owned it previously from 1976 to 1988."
http://en.wikipedia.org/wiki/New_York_Post
MSG and FSN New York have been providing thrills for New York-area sports fans for over thirty years.
http://www.thegarden.com/corporate/msg-networks.html
MSG= Madison Square Garden.
So there is the link between the lawsuit with MSG and the New York post, both being associated with Fox, through Rupert Murdoch. Its clear, and has been for some time that the NY Post has had an agenda for attacking spongetech.
New York Post
"Since 1993, it has been owned by media mogul Rupert Murdoch's News Corporation, which had owned it previously from 1976 to 1988."
http://en.wikipedia.org/wiki/New_York_Post
MSG and FSN New York have been providing thrills for New York-area sports fans for over thirty years.
http://www.thegarden.com/corporate/msg-networks.html
MSG= Madison Square Garden.
So there is the link between the lawsuit with MSG and the New York post, both being associated with Fox, through Rupert Murdoch. Its clear, and has been for some time that the NY Post has had an agenda for attacking spongetech.
Seems like just another attack by the shorts.
Not gonna lie, this is not looking good. How many more red flags do we need?
doing more research, and actually have to run out now, but I was redoing my spreadsheet with the OS. I am coming up with RME retiring 399M shares. Oddd, AYME bought just over 400M shares. Ayme stopped bying the day SPNG buybacks ended. I wonder if RME really did sell those securities into the market, and spongetech or even RME bought them back on the OTCBB, then retired them. That would make sense for the delays, because of the problems associated with that. And would also jive with what some say on here about sales of unregistered securities, oddly those people seeming to know things ahead of us anyways.
Bottom line seems like everything is still good with our potential, however the delays dealing with the problems of the sale of those securities. OS still being under 350M.
Message me your thoughts.
Bothersome actually, because its true. I hope SM sees that, because I think we’d all like to see MGMT show whos really boss.
Bounced according to who, the women who has published several false, and proven false things about spongetech in the New York Post?
Some errors in my math in my excel spreadsheet were pointed out to me on the sharebreakdown and now I get 323M shares, not far off from that rumor. I'm pretty excited.
Right, just like FTD"s are included in short interest.
'patchman' Let me try to make this a bit more simple to understand but using an example.
Frank buys 1000 shares of spongetech on Monday, then sells 1000 shares on Tuesday to Eddie. If in 3 days Eddie doesn’t have his shares from Frank, Frank has failed to deliver. Bottom line, whether the person who sold to frank didn’t deliver, or frank is holding the shares and not giving them to eddie, it doesn’t matter, there was a FTD.
There are 3 days to settle a trade, if a person doesn’t deliver, regardless, it’s a FTD. By mentioning longs failing to deliver, its just adding confusion when bottom line, shares are not being delivered, and more shares are owned then can be delivered, thus depressing the share price.
So while the original discussion was about whether Spongetechs FTD’s are included in the short interest, which was proven false, this is a different issue which actually doesn’t matter and just makes the bottom line more confusing when it doesn’t need to be.
10k being delayed while NY Mets lawsuit included, then have to get signatures again, estimated delay 2 weeks, then which of course we will be ready to go, but another lawsuit will appear. Repeat cycle for next 3 years. This is all in my opinion.
Can anyone get me James P. Smyth number? I need to call this guy, Senior Relationship Officer, down from Head of Broker Dealer Client group. To funny.
Executive Vice President and Head of Broker-Dealer Client Group moved to become Senior Relationship Officer?????? Yeah, if that ain't fishy I don't know what is. What does a senior relationship officer do anyways, besides get to keep a job with the company because the CEO is to spineless to fire him.
The head of the Broker Dealer group would be someone that would know about any toxic assets in its OTCBB market making business.
Seems like the castle is starting to fall.
Say goodbye to those 33% bid ask spreads you scumbag thief’s!
http://www.sec.gov/Archives/edgar/data/1060749/000119312510003967/d8k.htm
Hi, my name is James P. Smyth, and I’m so incredibly pathetic. My good friend Tom Joyce, wouldn’t fire me when he learned I was responsible for allowing some of our clients to naked short a stock called spongetech to the point where the naked short position exceeded the outstanding shares by 500%.
He instead moved me from Head of the Broker Dealer Group at Knight, to this creative new position, “Senior Relationship Officer”. Yes, its fabulous, I make 2 phone calls a week, asking our clients if they need tickets to the Knicks game.
I was thinking about putting some information together about 1 specific stock in which I strongly believe NITE has naked short exposure to. I was then going to send certificated letters to the heads over at Knight, about my reasoning for such.
I figured if this is done, then when it finally breaks that NITE does have exposure, Thomas Joyce can’t claim he didn’t know, and play dumb, perhaps in front of congress. Furthermore, I could also include in the letter, a question about whether he learned of this Toxic NSS OTCBB problem, before or after he dumped 1 Million Dollars worth of NITE Stock 2 weeks ago. Hes going to have a tough time pleading a case he didn’t know, when just a week later he dumped, he moved James Smyth, VP and head of BD group, to be “Senior Relationship officer”. LOL, how pathetic!!!! Joyce wouldn’t fire the guy, so he just made him Relationship Officer. To funny…unless you actually own this stock.
What do you think about the letter idea fourkids?
Yeah, but so far its true, really bothers me actually. We are being jerked around by SEC and FINRA, and SM is taking it like a female dog. Every corner we turn, Shorty already has an obstacle planted thanks to the corrupt forces at SEC/FINRA. How much longer before SM stands up, says enough is enough, and drops the 10k while we trade on the greys? The sooner the shorts blow out, the sooner the attacks stop. Think of all the problems they have caused us, think they are going to stop? The attacks won't stop until they have nothing left to gain from destroying us.
The last 2 week rally was the dog rolling over, but like the sick dog it is, its right back on its back. This dog is terminal might be a better way to describe it.
Going to be really fun watching the day NITE has to cover some of those NSS positions.
Yipeee, NITE GOING TO ZERO!!!!
NITE CEO DUMPS $1M WORTH OF STOCK WITHIN THE LAST MONTH. WATCH OUT!!!
Yeah I know, it was such a bold claim, now there is alot of skirting around the issue. Creditability called into question for sure. But like you and I both know, spongetech products are top notch, and as soon as they release the 10k, hopefully before 2012, we win.
Yeah, well I know when I wanted to see what the market was for in a penny stock I own, I sold 1000 shares mkt, then rebought them right after mkt. Filld at .03 on sell side, .04 on buy side. These crooks have a 33% bid ask spread, meanwhile orders are trading inbetween.
Nice find. This dog is very very sick.
They broke it, DONZO for Knight Capital Group. No wonder why the CEO sold $1M worth of stock 2 weeks ago.
How much longer are we going to be jerked around by FINRA and the SEC? Then have to listen to the shorts minions telling us our 4-5 range would be broken, and we'd be in 3-4? For ever corner we turn, shorty has a plan and obstacle planted. Release the 10k on the greys and burn them all, its time we stand up and stop taking it.
Could someone please help me with my question, haven’t got a straight answer yet. ROTFL
--------------------------------------------------------
WOW, REALLY???? Well I just looked on the OTCBB website for the short interst in spongetech on 8-31-2009, and found 206,526 as short interest. I then went to the SEC.GOV, to get the Fail to Delivers for that same period, 8-31-2009. The FTD's were 26,203,689. NOW, If the FTD's were included, wouldn't these numbers be a bit closer together, and not off by 26 MILLION??? Thanks for your help, but i'm pretty sure i'm correct, and FTD's are not included in short interest reports. LOL
SPONGETECH DELIVERY (SPNG) OTC Type: OTCBB
Short Interest for August 31 2009
206,526
http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=spng&StlmtDt=08/31/2009
20090831|849109103|SPNG|26,203,689|Spongetech Delivery Systems, I|0.21
http://www.sec.gov/foia/failsreports/cnsfails200908b.zip
Or if you can't figure out the SEC link, you can go to here, and then dump fails raw data, which will give you the data in spreadsheet form.
http://failstodeliver.com/default2.aspx
No response, I really need help with this question on figuring out if FTD’s are included in the ..... for spongetech. LOL
WOW, REALLY???? Well I just looked on the OTCBB website for the short interst in spongetech on 8-31-2009, and found 206,526 as short interest. I then went to the SEC.GOV, to get the Fail to Delivers for that same period, 8-31-2009. The FTD's were 26,203,689. NOW, If the FTD's were included, wouldn't these numbers be a bit closer together, and not off by 26 MILLION??? Thanks for your help, but i'm pretty sure i'm correct, and FTD's are not included in short interest reports. LOL
SPONGETECH DELIVERY (SPNG) OTC Type: OTCBB
Short Interest for August 31 2009
206,526
http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=spng&StlmtDt=08/31/2009
20090831|849109103|SPNG|26,203,689|Spongetech Delivery Systems, I|0.21
http://www.sec.gov/foia/failsreports/cnsfails200908b.zip
Or if you can't figure out the SEC link, you can go to here, and then dump fails raw data, which will give you the data in spreadsheet form.
http://failstodeliver.com/default2.aspx