Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

What, I can't believe this! Jay, one of the intriguing point in this saga is how in the hell did the TA allow this to happen.....I believe it could have happened due to the reason being that the clearing houses were self-clearing houses. Self-Clearing houses are as good as DTC i.e they have the authority to verify the certs, deposit them in the vault and settle the transaction. So now it is clear to me as tow hy Acacia was able to deposit the many shares.....they all were cleared by Ridge Outsourcing which is a self-clearing house. The same is true of Alpine securities. I am not sure of Canaccord........Anyways this whole thing as to how counterfeit shares enter the market is now clear to me.