look at ask in iquotes below ibox, offer at 1.5 cents.

soapy, you see this bid ask % spread trading -900%? Very Odd, took screen shot if you want me to email it to you. I wonder if some MM is playing games internally and setting off stops among their own customers just to try to pick up some shares.

kj, xdrew, sent email. Spread % was just doing it again.

i got a screen shot if anyone wants to see it PM me your email. It looks like someone is offering way lower than bid. I wonder if they are trying to set off stops into themselves because they know they are so screwed and trying anything to pick up some shares.

wow! bid ask flashing -900%!!! anyone else seeing this on level two? Happens for a split second, seen it several times in last minute.

Perhaps someone is going bid really aggressivly, and other MM's are filling him just to avoid panic.

Deloitte & Touche, merger? Look at good finance,

"Specialization areas include services for Asian businesses and mergers and acquisitions advisory services."

http://www.google.com/finance?hl=en&source=hp&q=Deloitte%20%26%20Touche%20LLP&um=1&ie=UTF-8&sa=N&tab=we

That was not a short cover, When the shorts start to cover you'll know. They will be buying massive size, one after another, in panic fashion. Million million million, and things will start to gap nickles. At this point I think it might be the clearing firms that are going to be doing the covering for shorty, and if you've ever seen a firm blow someone out of a position its quite wild. They have little regard for price, and they seem to do it as fast as possible. Seen it in wheat and silver in the past couple years, can't wait till spongers see our payday.

wow 2.5m trade at one clip

z4lover, i agree these guys are going to lose more than they have. What i've been thinking, is we should try to discover some other stocks they are naked short, being that most likley if they are wiped out, they will have to cover those positons too.

This could be a great thing for pennyland, SPNG could clean up the trash in the OTCBB.

not sure if you've seen these, but spongetech in CVS pictures.
http://www.flickr.com/photos/ilovespongetech

well if they had a short position, maybe we see how the ticker change will impact accounting for all shares.

yeah, ha, there is no correlation between the market and SPNG. That actually made me laugh out loud reading his comment.

rdailey4, before or after close you think?

good post on yahoo regarding bill young
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=263377&mid=263377&tof=1&frt=5

'phrantic' when you do see the documentation that there is NSS, this thing will be trading closer to a dollar on that news alone. So either SPNG is a huge ponzi scheme, in which case MGMT will go to jail, or NSS is real. Why would MGMT risk going to jail when they have a solid product with many more to come, and huge rev growth? It doesn't make sense, thus I conclude NSS is here and huge.

sounds great to me.

'phrantic' First off, if the SP is manipulated, which I do not disagree, its done by who? The Fed? The fed has an unlimited amount of money to manipulate, nor is there anyone that can make them cover. However with SPNG, its manipulated by some german banks and even the mafia, they however do not have unlimited funds and can be forced to cover.

Here are some links to see the mafia's involvment in the OTCBB.
http://www.billgroover.com/rico/rico.pdf
http://www.billgroover.com/rico/1ac.pdf
http://www.billgroover.com/rico/1ac2.pdf

my guess is the MM's and naked shorts don't report some trades from the low, so if it pops they can report those trades to give the illiusion that the market is actually still trading at its lows. Same type of tricks they play after the close.

exactly, and the shorts are so deep in this that if they cover they go broke, so they just continue the game of naked shorting and delay the day they meet their doom. I've compared it to running away from home as a kid, you know your going to get the belt when you return, so instead you don't return, delaying the inevitable, but eventually you get the belt. Shorty will get his.

Agree, very strange. However any change has got to be good change at this point, I welcome the day when we get halted because the exchange finally understands how deep the shorts are, and we reopen 40 cents higher as the shorts start to cover.

yeah alot, seq trades. Earlier in day too

another institution is in SPNG, now 6.
http://www.nasdaq.com/asp/holdings.asp?symbol=SPNG&selected=SPNG&FormType=Institutional

Oh, so since it was posted on Ihub it must be true right?

Sure he did, let me guess, the email was on moe speaks. Hahah

I wish you wouldn't even have posted his number, they have alot more important things going on then answering silly chat board rumors.

You guys were doing the exact same thing a month ago, claiming they raised AS to 2.5b, which never was the case. Show me a filing where it says they raised AS? There isn't one, so stop smearing these chat board rumors around.

I'm sure mgmt has more important things going on then trying to convince a couple people to keep their stock. This company is solid and going to dollars, stop wasting their time with questions regarding your 5000 shares.

This company is worth 10 times more than it was back in april, I'm pretty happy with mgmt and have no reason to doubt their future sucess.

33 percent rally sounds good to me on a friday!

I was just going to buy all 4 but realized his about 70% more expensive than what you can get a new one for. Not paying up that much to see the words sold out.

it'll gap above .28. They're be less shares OS, more rev, and a better outlook than we saw last time we traded .28

wow, all quite before the storm?

yeah i apprecaite the information. Could be a good blue print for whats ahead for SPNG if the shorts start to puke that stock.

KJ, I respectfully disagree. The shorts keep a lid on all new buying everytime by offering as many air shares as needed to keep it from rising. All the great PR's do nothing anymore, just look at the .28 high, why are we below it when the company looks better than ever? The shorts are so deep in this mess and they know it. Say shorts are naked short 1B SPNG, what do they have to lose to sell another 5B? They're going to lose everything as it is, at least if they keep shorting they delay their own death. Its like running away from home as a kid, you know your going to be in big trouble when you get home, but as long as you don't come home you don't get the belt, so you avoid punishment longer and longer. But eventually you get the belt, and the shorts are no different.

This looks like 3-30-2009 in terms of volume, the day before we exploded. Have we seen any other days since them on lower than 25m vol?

'SpongieOpus' I think they should do it at 9:36 AM friday. The shorts will have already gotten underway with their usual walk down, then all of a sudden BAM. How great would it be if a Warren Buffet type came on CNBC at 10am and said they are offering to buy SPNG for $1, then at that very moment he has one of his traders bid .50 cents for $500m worth of SPNG and sweep all the offers up to that point. Regardless if he ever intended to buy for $1, he'd buy alot of shares from here to .50 which then he could offer at .50 when it went bid. It would be a great way to make a ton of dough real quick. MM's and shorts both would get destroyed.

Ahh, maybe thats a little to intense for a buffett, How about goldman sachs.

ODD DAY. Anyone try buying any stock today?

janice shell I've got all my SPNG offered at $30, please pass this information on to those who might need my shares.

'janice shell' I noticed you posted about spng today. Last time you posted on SPNG, we were under 11 cents and started the move up. I welcome you back, i get a good feel from you that we may see another good move up in SPNG shorty.

posted this on july 20, 1am,

The shorts are in so deep they just keep printing airshares to delay the inevitable. Without the shorts this would be trading over $1 already. They keep adding and adding to their short position to keep the price down, as new buying comes in when PR's come out and what not, they let it run a little, but then walk it back down. I've realized the only way we are going to see this thing take off is when the shorts can't continue adding to their positon. That alone would get us moving much higher, factor in them having to take their short position off and we are going to expode far above fair value. Its almost not worth watching price action or thinking a PR is going to do anything. We need a div, buyout, or anything that exposes the shorts and forces them to cover.

i've got 300k offered there, keeping most my position until I get a phone call begging for my shares.