No worries, k9.
We have been talking about the sale of Original Issue Shares (OIS), offered by the company. They were treated as long sales by the gatekeepers.
We know this, because the vast majority of those shares were re-sold by the beneficiaries who received them. Understandable, since those shares were purchased at significant discounts to the market price. For instance, we know some of those shares were purchased for 10% of the market price.
There were no failures to deliver OIS shares to the members of the SpongeTech stock distribution network. The TA journals reflect the subsequent re-sell of those shares.
Did the gatekeepers fail in their duty to protect the investing public, by allowing the sale of unregistered shares? Did the beneficiaries of those shares profit from ill-gotten gains? If so, where are the charges (other than north of the border)? As I have said repeatedly, I am waiting to see dozens of Relief Defendants named, if the SEC's charges are correct.
That does not "directly conflict," as shajandr said in another post, with my claims regarding naked shorting. Those claims are VERIFIED by the Blue Sheet trading records I have reviewed and reported to Judge Bernstein.
