I’m sure every share pike bought was counterfeit. None of these shares will be located, because they don’t exist. They are hiding the shorts somehow, I do not know exactly how, but either through washed trades, the European exchanges, DTC loan program, or something with the market maker exemption. I’m sure there are more too.

WOW, I FORGOT TO DO THE TOTAL OF ALL AVAILABLE DATA. OF THE 132 TRADING DAYS FINRA GIVES US DATA FOR ON THE SHORT VOLUME/TOTAL VOLUME. A TOTAL OF ONLY 16 DAYS BREACHED THE 50% RATIO OF SHORT/TOTAL VOLUME.

NOW, IN JUST THE LAST 33 TRADING DAYS, 13 DAYS WERE OVER THE 50% MARK.

IN SUMMARY,

IN LAST 132 TRADING DAYS: 16 DAYS > 50%
IN LAST 33 TRADING DAYS: 13 DAYS > 50%

I’m in utter disbelief this has been allowed to happen.

Shows to me they are adding to the short position liability which is going to cause billions of dollars in losses for the market makers, and broker dealers. The shorts don't have enough money to make good, thus the other players are going to be on the hook. The Reg's failure to enforce this is leading to bigger and bigger eventual losses.

Its disgusting.

BTW thanks for that link before, good work, very good work.

Ratio of SHORT VOLUME DIVIDED BY TOTAL VOLUME!!! I HAVE BOLDED ALL THE DATES IN WHICH THAT RATIO IS ABOVE 50%. THE HIGHER THE RATIO, THE MORE SHORTING RELATIVE TO TOTAL VOLUME, AND EXACTLY WHAT THE SHORTS WOULD HAVE TO DO TO MANIPULATE US LOWER.

LOOK HOW DESPERATE SITH LORD HAS GOTTEN LATELY.

GREAT WORK REGS!!!! NO WONDER FINRA DOESN'T DO ANYTHING, THEY ARE RUN BY THE BROKER DEALERS AND MARKET MAKERS, THE SAME PEOPLE THEY ARE SUPPOSED TO REGULATE. WHATS IT GONNA TAKE FOR US TO MAKE OUR POINT THAT WE ARE SICK OF THE CORRUPTION HERE WITH FAILURE TO ENFORCE THE RULES ON THE "CLUB"???

02/24/10 59.8
02/23/10 63.9
02/22/10 24.4
02/19/10 56.1
02/18/10 62.8
02/17/10 60.1
02/16/10 39.8
02/12/10 66.5
02/11/10 16.7
02/10/10 14.5
02/09/10 46.7
02/08/10 65.5
02/05/10 68.0
02/04/10 27.8
02/03/10 53.6
02/02/10 36.8
02/01/10 29.9
01/29/10 29.2
01/28/10 38.8
01/27/10 30.0
01/26/10 67.2
01/25/10 22.5
01/22/10 22.5
01/21/10 29.7
01/20/10 44.7
01/19/10 33.8
01/15/10 31.4
01/14/10 45.6
01/13/10 69.2
01/12/10 63.5
01/11/10 47.0
01/08/10 37.9
01/07/10 52.2
01/06/10 39.4
01/05/10 35.2
01/04/10 42.7
12/31/09 22.8
12/30/09 19.8
12/29/09 22.8
12/28/09 36.2
12/24/09 45.3
12/23/09 31.1
12/22/09 46.1
12/21/09 46.8
12/18/09 25.7
12/17/09 47.5
12/16/09 37.3
12/15/09 44.6
12/14/09 42.2
12/11/09 29.4
12/10/09 44.0
12/09/09 36.4
12/08/09 39.8
12/07/09 47.1
12/04/09 28.2
12/03/09 34.4
12/02/09 33.4
12/01/09 26.7
11/30/09 37.5
11/27/09 50.0
11/25/09 41.7
11/24/09 24.9
11/23/09 46.0
11/20/09 40.2
11/19/09 36.3
11/18/09 37.8
11/17/09 28.8
11/16/09 18.6
11/13/09 63.5
11/12/09 33.6
11/11/09 23.2
11/10/09 48.8
11/09/09 45.4
11/06/09 41.1
11/05/09 33.2
11/04/09 27.2
11/03/09 50.0
11/02/09 41.4
10/30/09 38.8
10/29/09 47.7
10/28/09 43.3
10/27/09 59.3
10/26/09 13.7
10/23/09 14.4
10/22/09 19.8
10/21/09 19.3
10/20/09 13.0
10/19/09 6.7
10/02/09 43.0
10/01/09 36.0
09/30/09 45.6
09/29/09 31.1
09/28/09 27.6
09/25/09 25.6
09/24/09 26.2
09/23/09 22.6
09/22/09 27.6
09/21/09 25.2
09/18/09 31.9
09/17/09 29.1
09/16/09 33.5
09/15/09 35.3
09/14/09 34.9
09/11/09 29.8
09/10/09 33.3
09/09/09 27.8
09/08/09 24.5
09/04/09 26.2
09/03/09 21.2
09/02/09 28.0
09/01/09 22.2
08/31/09 23.5
08/28/09 30.5
08/27/09 32.5
08/26/09 27.0
08/25/09 27.7
08/24/09 34.9
08/21/09 29.6
08/20/09 32.6
08/19/09 36.3
08/18/09 27.6
08/17/09 35.6
08/14/09 23.5
08/13/09 36.9
08/12/09 18.1
08/11/09 36.8
08/10/09 32.4
08/07/09 22.7
08/06/09 36.7
08/05/09 32.3
08/04/09 26.0
08/03/09 29.1

Are you sure about this Legalegaltx? Or do you think it could have something to do with naked shorting? The FINRA daily Reg sho data is pretty telling.... Notice the amount of times the short volume to total volume ratio has been above 50% in the last month, I think its about 9 times.

Since the reopen, 88 trading days, the ratio of (Short Volume/Total volume) has breached 50%, 15 times. In the last 36 trading days alone, we have broken the 50% ratio 13 of the 15 total times!!!!

THAT SCREAMS MANIPULATION!!!!

Not sure if you've been watching the Short Volume/Total Volume Ratio, but its getting more and more obvious that the short position is being added too. Put a 5 Day moving average on that data too, clear as day whats going on here. For some reason the Regs are looking the other way, and more concerned about uptick rules, than the issue of counterfeit stock sales.

Also, do you think the Walmart Sales are providing some known rev and cash?

I just want to remind everyone of the lobbying efforts.

Okay, remember we were suspended 2 weeks early thanks to the lobbying efforts of those looking to destroy us, that is clearly stated in the following order. Notice the reasons for suspension in the order.

http://www.sec.gov/litigation/suspensions/2009/34-60788-o.pdf

Now look at the dates of these NEW YORK POST articles, and also look at what is being lobbied. Identical to the points brought up in the early suspension.

LINK TO NY POST ARTICLES:

Not Spongeworthy September 17, 2009
http://www.nypost.com/p/news/business/item_ZZZ1QlWllnBaSYuVjqYysK

Spongetech is all wet September 22, 2009
http://www.nypost.com/p/news/business/item_hBMpyldSkFZez0wuxFdupO

SpongeTech client records spring leak September 25, 2009
http://www.nypost.com/p/news/business/item_dw5hyBpvNxFyvS96Xmi5bN

SEC looks for SpongeTech stain September 28, 2009
http://www.nypost.com/p/news/business/item_FCciNOhArPuw8oFLU0DNaN
Spongetech money woes October 3, 2009
http://www.nypost.com/p/news/business/item_30mEVgVP1PLMLmmu0opMzK

SpongeTech sent through wringer by SEC October 6, 2009
http://www.nypost.com/p/news/business/item_q2v1cHxp8Q8MPG8yqg2pjJ

TACK UP ANOTHER 7.8 Million shares in liability for the broker dealers and market makers baby! You didn’t think those were real shares they were selling at 4 cents did you? Of course not, those were more shorts! No shares outstand to be shorted, so those are really NAKED SHORTS!

Yes, another day above 50% in terms of short volume to total volume. And yes, that is exactly what the data is, short volume, not what some try to spin you into believing.

Great work regs!!!! Really on the ball!!!!!

Short Volume 7,841,075.00
Total Volume 13,103,282.00
Ratio= 60%!!!!!
http://regsho.finra.org/FORFshvol20100224.txt

pilon, the OS is alot less than 572 million, there was more than just the 150M buyback. Also factor in the RME holdings of 66M. Fred makes a great case for why OS is just over 200 million, and I’m in complete agreement.
http://spngdd.com/2010/01/19/estimate-outstanding-shares-float/

Heck, SM could personally autograph 20,000 limited edition pet sponges, and give it as a divvy, each 10,000 shares you own, gets you 1 sponge. Not sure how much that would cost, but surly the shorts couldn’t counterfeit such a divvy, and would be forced to cover.

I’m being about 10 percent serious with this idea.

That really wasn't the point at all. The point i'm proving is that the SPNG short data is exactly that, short data. Those are facts, I care to stick to those on this subject rather than opinions. So we can lay to rest the arguments that the SPNG data is anything other than what I show in my sticky. Thank you.

It seems like there is some debate as some are trying to spin the FINRA Daily Reg Sho Data that proves that shorting in Spongetech has been increasing, or that it even means that shorting is going on. I will post 3 pieces of evidence I use to support my position that in Spongetech, the Short Data, means exactly what it says on FINRA’s website,

1. (FINRA WEBSITE)
“Aggregate reported share volume of executed short sale trades during regular trading hours”
http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf


It seems very clear to me, that like I’ve been saying all along, the data Finra has about SPNG, is gathered through reporting by broker dealers, which are required to mark sales either long sales, or short sales. So, its pretty easy to add up all the short sales, and release the numbers. Why are people trying to confuse the rest of us by talking about delivery periods?

2. SEC.GOV
Under Rule 200(g), brokers and dealers must mark all sell orders of any equity security as “long,” “short,” or “short exempt.” The primary objective is to make sure that orders are marked and executed properly and that accurate data on those orders is available for the pilot study and for surveillance and compliance purposes.
http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm

3. SEC.GOV
Rule 200 – Definitions and Marking Requirements. Rule 200 incorporates and amends Rules 3b-3, 10a-1(d) and 10a-1(e)(13). It defines ownership for short sale purposes, and clarifies the requirement to determine a short seller’s net aggregate position. It also incorporates requirements to mark sales in all equity securities “long,” “short,” or “short exempt.”
http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm

VERY CLEAR, LAST SENTENCE, IT IS CONSIDERED A LONG SALE, IF YOU ARE EXPECTED THAT THE SECURITY WILL BE IN THE PHYSICAL POSSESSION OR CONTROL OF THE BROKER OR DEALER NO LATER THAN SETTLEMENT.

4. LAW.UC.EDU
A broker or dealer must mark all sell orders of any equity security as "long" or "short." An order to sell shall be marked "long" only if the seller is deemed to own the security being sold pursuant to paragraphs (a) through (f) of this section and either:
The security to be delivered is in the physical possession or control of the broker or dealer; or It is reasonably expected that the security will be in the physical possession or control of the broker or dealer no later than the settlement of the transaction.
http://www.law.uc.edu/CCL/regSHO/rule200.html

MINGY

Did you see fourkids, they added to the shorts today? 6 of the 9 million shares that traded where short sales. This is starting to make me wonder, if the rumor about the guy buying shares in his father in law's account are true. That while he’s at one of the Dirty broker dealers which he knows is going under, hes shorting the market, and at the same time using the father in law's account to buy the counterfeit shares he’s selling. Sure the broker dealer doesn’t have the cash to ever make good on covering those, but in his eyes that’s the creditors and governments problem, hes gonna get paid just like us.


How asleep at the wheel is FINRA and the SEC to allow these guys to add to the short position???? Unbelievable!!!!


http://regsho.finra.org/FORFshvol20100223.txt

Everyone here needs to put in the effort and call the local SEC and just show them this data. Just read word for word the sticky I have up top if you don’t know what else to say. Maybe we can accomplish something in numbers.

http://www.sec.gov/contact/addresses.htm

THE SHORTING CONTINUES, LOOK!!!!


WOW, of the total volume of 9.6 million shares, 6.1 million shares sold short!!!!

How asleep at the wheel is FINRA and the SEC to allow these guys to add to the short position???? Unbelievable!!!!


http://regsho.finra.org/FORFshvol20100223.txt

Everyone here needs to put in the effort and call the local SEC and just show them this data. Just read word for word the sticky I have up top if you don’t know what else to say. Maybe we can accomplish something in numbers.

http://www.sec.gov/contact/addresses.htm

Lets hope this wasn't all just delayed on there behalf for another round of grandfathering. And all those fake spongetech shares...

CAMERON FUNKHOUSER
I’ve contacted him several times now about SPNG, and apparently he’s to important to address the issues here. Billions of dollars in losses for the dirty broker dealers and market makers doesn’t interest him till after the fact. Cameron’s job as being VP of Market Regulation is so that there is No VP of Market Regulation. Anyone talk to this pitiful being?

SPNG Frankfurt Volume update: Almost 1 Million traded! If we can get above 1.1M, it will be the highest volume traded on the Frankfurt exchange since november! Lets have a good day here longs!


Quote
http://finance.yahoo.com/q?s=kbt.f

Historical volume

http://finance.yahoo.com/q/hp?s=KBT.F

Yeah, How much longer do you think its going to take the VP of market regulation at FINRA, Cameron Funkhouser, to figure out there is a naked shorting problem in Spongetech? My guess is either never or after the billion dollar blow up of market makers and broker dealers in on the scam. The guy doesn’t even have the mental capacity to pass a 5th grade mathematics exam let alone be in charge of market regulation.

Other news, looks like SPNG on the Frankfurt exchange is having a good day, largest volume in over a month too. Good things to come I suspect.

After today’s fantastic performance in spongetech and shortys failure to hold the 3’s, and allowing spongetech to take out the previous weeks high for the first time 16 weeks, I imagine the tables are starting to turn. I hope Sith Lord enjoys that lobster dinner, because he doesn’t have many of them left.

Are the rumors circulating about someone involved with one of the dirty broker dealers, buying Spongetech Stock in his personal account the last few days, true? I do believe they could be, and a good sign Sith Lord’s kingdom is about to fall.

Great thank you for this. I finally figured out where I can see all the files for MSG lawsuit. Now I see where the photographs of those checks came from, to funny only the negative things seem to get brought out like those checks, but not the other side of the story.

Looks like pike added 15 million more shares,
2.4M
12.9M

Anyone else concur?

Compare the totals on the last day in the 2 funds they have.

Totals,
LP Fund 27,167,988
QP Fund 148,182,012


current form 4
http://www.sec.gov/Archives/edgar/data/1201251/000101359410000263/xslF345X03/spongetechfm4-022210_ex.xml


Previous form 4
http://www.sec.gov/Archives/edgar/data/1201251/000101359410000102/xslF345X03/spongetechfm4-020410_ex.xml

Go SPNG. PIKE ADDED!!!!!!!!!

Is the SEC and FINRA finally waking up, and seeing the fraud? Are they finally going to stop the hedge funds from adding to their short position? I hope so. Notice the price rise today, I wonder if some of shorty’s MM’s got nabbed, and hes working with his 1 hand tied behind his back today.

.0425!!!!!!!!! BOOOYAAAAAAAAAAA

Excellent point, man, what’s it been 7 months since we had a real power hour? I haven’t heard anyone talk about what the VWAP is doing today, funny.

HA, nice little 50% bid ask spread the MM's are working with here. Enjoy it while it lasts, I hope it was worth it!

First week to take out the previous weeks high since the reopen 4 months ago. Things are looking promising.

I'm really wondering about what I mentioned before about shorty not wanting to breach the 70% short/total volume threshold, that is why we are seeing some price rise?

Thats funny, because someone just sent me photographs taken of Sith Lord's maid, washing one of his Friesian Horses with the large pet sponge. I think Sith Lord wants the horses looking best for when the creditors come.

Almost done, I hope this is just the trick to bring attention to what’s going on here, perhaps just what will spark the interest of the Reporters and Perhaps the Regulatory agencies. The fact the shorting has been going on, as proved by that FINRA data is disgusting. Well take this shorty.

Fellow longs

As far as I’m concerned, everyone involved with the attacks on the company, whether media, thugs, broker dealers, market makers, or shorts themselves, they are all part of the criminal enterprise. Just figured out how I’m going to play the big finding I have, and its good. I want these peoples throats.

Stay tuned.

I agree fourkids, I'll be in touch with you later. When emailing things to all these people about spongetech, I think its best to leave the CC showing, no BCC, as its clear, there are more than just their eyes on this. Until the 10k is filed we are going no where, however, something like this might be just what we need to perk some interest, and perhaps get the naked shorting selling to stop on the greys. The "entity", i've linked, has over 100 billion dolllars.

We'll see, all I know is I see huge problems in the near future, and a hint is the venue of where our ad was missing, and a man who often contacts the new york post about spongetech.

Thats nonsense!!!! Its clear as day that these are "short" sales. Not only does it say it on FINRA's website, but everyone knows you have to mark a short trade as such. The order must be marked as "short", and can't be marketed as "sell".

And from FINRA's website,

Aggregate reported share volume of executed
short sale trades during regular trading hours

http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf

I’ll give you guys a hint. I’ll call it an “entity” for now, and it has 3 letters in its abbreviation.

What I’d like to know is, is XXX involved, or someone who works with XXX just taking a side job and “investagatingtheSPNG”?

Boy did I just find something very very interesting. The name of the stadium where our superbowl ad was supposed to be, I’m finding some very interesting connections, and #’s that exceed 100 Billion dollars. I find it incredibly ironic, that SPNG was going to have advertising there.

If anyone cares to share, I’d like to hear it before I spill the beans on here, and to the 50 email addresses of news reporters I put together. If I had my money being managed, and heard about what’s going on here in spongetech, I’d be pretty nervous.

I figure if we have to wait on our fireworks with the 10k, and continue to be abused by Shorty and his 3 cent offer, maybe we can turn the tables and create some fireworks for shorty.

ROB,

The final cure to the virus is the 10k, only then can the attacks and shorting stop. Its like MGMT just threw 2 Penicillin at the problem, but it came back 2 weeks later. I wish only the worst for the virus. MGMT needs to stop with the Band-Aids and get on with the cure.

Yes, the link at the bottom of my post brings you to finra, where they break down the short volume. Something interesting I noticed, was that the 5 day average of the ratio of short volume, to total volume, just hit its all time high since the reopen. Seems like the shorts are just printing airshares like its going out of style. Great work on the SEC and Finra's part for having the data, and not doing anything about it. I emailed them many times, and I know after the SEC got involved during the halt, they found out about the air shares. So not only does nothing happen to the shorts back then, but they continue to look the other way for the next 4 months. Going to be hilarious when this all blows up.

I hope I answered your question about the short data. Seems like it’s a new thing.

____________________________________________________

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

I urge you to contact any email address you can find @sec.gov, @finra.org, @doj.gov, @fbi.gov, @irs.gov, about whats going on here. Be sure to put all the emails in the TO:, so everyone else can see who read that email. Also, look for any news reporter who may take an interest in whats going on here. With this latest data that fourkids found for us, its just another piece of data which proves naked shorting.

The naked shorts are going to continue to naked short until the 10k is filed. Why are they allowed to do this? When someone came in and bought 20M shares 2 days ago, and the price couldn't get above the highs of the 4 month range, you know something’s wrong. The more they short, the bigger the problem gets.

I would feel alot better waiting on the 10k if Naked shorting was not allowed to continue, so days like Thursday would seen an increase in price.

If every makes their best effort to expose whats going on at the moment, it could make the way for the 10k much more pleasant.

I'm going to have to disagree, I'm strongly in favor of shorting, it does do alot of good for the market. We know the SEC is incompetent, so you provide incentive for the private market to discover frauds early. Not to mention, a perfect example of when shorts are a good thing, are after a sharp decline, shorts are usually the buyers, holding up the markets. The dangerous markets, are when the shorts puke, as there is no one going to be covering on a steep decline.

What I am in favor of, would be outlawing of NAKED SHORTING. While it is certainly illegal, there are exemptions, and those exceptions are a big way the naked shorting is facilitated. This is the shorting that’s going on in spongetech and is a huge problem.

Thank you. Last post of the day. I suggest you email the SEC, Finra, and whoever you can with this information. I just sent a letter to 75 people including my post, which I don't think can make anymore clear the manipulation here.

Your welcome, while it makes me feel a bit better to know some appreciate the work, I don’t think I’ve smiled, or had a feeling of happiness in several months. How this naked shorting crime has been able to continue is disgusting. I just sent a letter with my post to 75 people at the SEC, Finra, and several news outlets. They must be either brain dead, or on the take to not take action and stop this.

Maybe one day we’ll see our 10k and I can finally have a moment of joy.