Spongetech Delivery Systems, Inc. (fka SPNGQ)

[happyguy72]

I don't dispute that... but does not answer my concern....

I understand how several MM's, working together, can hide FTD's ... mm1 sells naked to mm2... mm2 then clears the air shares back to mm1 or to another friendly mm...

however BMAS is a MM... and they HOLD 80 to 100 million shares that have been purchased from mm1 or mm2 etc.... for each accumulated 'air' share, there are 3 days for mm1 to deliver to BMAS... if mm1 is selling 'air' shares to BMAS... why isn't BMAS reporting FTD's?? (ie: mm1 sold air... they couldn't deliver shares to bmas).

sooooo.... are mm's REQUIRED to report FTD's? or is it VOLUNTARY??

if its voluntary.... then BMAS can simply choose they time at which they report ALL the FTD's that they have been accumulating at one time... thus creating a TRIGGER for the MOASS....

If they are required to report at the 3 day cut-off... then the NSS hypothesis becomes more difficult to swallow...

like I said... this seems to simple and I must be missing something... I just don't know what it is....