That is why it is foolish to buy stocks in fundamentally bad companies or scam companies like SPNG with the hope that "hey, maybe they can run this crap up to $20 a share so I can dump this dreck onto a greater fool."
When one buys into scams hoping to defraud even greater fools later at a higher price, often one finds out that they are the greater fool themselves.
Blaming some mythical 'illegal shorts' for supposedly frustrating the ability of SPNG shareholders to dump their fundamentally worthless shares to others (at a gain or a loss, it matters nott) is nothing more than an unwillingness to admit to oneself that the ONLY people responsible for losses to SPNG investors are Mosky, Metter, and the person in the mirror. There was never a viable business at SPNG - it was all an illusion.
At all points in time, SPNG shares were nothing but shares in a fundamentally worthless scam enterprise. The very moment a share was bought, the buyer had surrendered their money for shares of nothing.
At the moment of purchase, SPNG shareholders were defrauded of their money. Now they may be sore that the market collapsed (and was ultimately halted/suspended by the SEC) before they could mitigate their losses by selling the empty bag shares to others. That's a really unethical argument.
