Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

Thanks all.

PM,

Firstly…

Yes.

Only good can come from any official focus on Friday's activity.

No argument whatsoever.

And I can recall a company of some time back, many of the shareholders of which steadfastly (and I mean steadfastly), maintaining that abusive shorting was rampant with the stock. No end of counterfeit shares being created. And we're talking a time prior to the latest amendments to Rule 3360, etc. And, additionally, a stock trapped in the cellar. Lowest possible cost scenario. With myself maintaining that there was no such. No abuse. Trading pattern simply didn't support it. The constant board chatter, on the subject, coupled with complaints to management, seeing said management eventually launching an official investigation. The end result of which was that there was no egregious abuse. No massive short position. Purely imaginary.

As time went by however, many months, the tune from the inside changed. Claiming a massive short position (billions in fact) with the intent, from the inside, to force a squeeze. Squeeze play. The stock having been trapped in the cellar the entire time. With management continuing to (ahem) force the issue home. Intent to force a squeeze. Generating no end of excitement among the company's shareholder base in large part. Myself, still insistent of no abuse. Presenting numbers in support of same. Trading stats., etc.

And in the end? Well, the day came. Massive volume to the buy-side. But no upticking. None.

And?

Management got the ball rolling alright. In line with stated word. To the buy-side. But, unbeknownst to all involved, management having also a massive face value CD in need of burying. The initial buy-side eliciting no end of follow-through from the retail contingent but going absolutely nowhere as the inside continued to unload. CD conversion/issuance/liquidation. No upticking despite the massive buy-side.

The claimed shorting abuse being a complete fantasy. Simply management's way of climbing out from under a financial obligation. Purported squeeze play.

And yet folks were insistent. The whole time. Massive abuse.

Where there was none.

Zip. Zilch. Nada.

Lesson learned.

New rules being in place. Welcome amendments. SEC Rule 3360, etc. Dating back to last year and beyond. The Grandfather provision having been eliminated inclusive. Time for folks to start thinking clearly.

And the 'group'?

And an example. And be forewarned that following the below link will see you reading whatever portion of no end of SPNG nonsense you care to. You and any interested other(s). Manipulation tactics. Greed.

And referencing SPNG...

"I might not have shorted it, but my TIMalert subscribers did and come next week, I’ll be posting over a dozen testimonials from PennyStocking DVD students who profited from this thing, study the required reading materials and you can profit from the next one!"

http://timothysykes.com/blog/2009/06/12/spongetech-delivery-systems-inc.-spng.ob-told-you-so/

Wiki...

http://en.wikipedia.org/wiki/Timothy_Sykes

And, certainly, we don't want to beat the issue to death. Friday's activity. All involved being entirely at liberty to think/believe what each sees fit. Within, hopefully, the confines of indeed thinking clearly. Sidelining any/all self-defeating emotion.

And bearing in mind that the very operating nature of the vast majority of OTC outfits lends itself ideally to reading the worst into the best. It being a relatively easy enough task to twist the numbers, etc, truth to one's own self-serving advantage. With those of us, more experienced, doing our level best to counter the nonsense.

All of it.

Friday's goings-on cementing the need of the NASDAQ. Leaving the OTC behind. Absolutely essential. With the Friday activity seeing stronger hands in. The weak-handed out. All to the good. All to the continued upside. Our coming trading week to see welcome word from the inside on numerous issues. As talked about.

And will we see the additional short side? And sure. Short-term volatility vs. the longer-term trend. But not a repeat of the manipulation. A one-shot deal. Can't happen a second time. Different dynamics. Different level of understanding. So on.

Blatant greed with no regard for others.

Time to move on.

The RM Enterprises connection being all about getting SPNG seriously launched. Self-sustaining operations reality. Management seeking the same level of return as are the rest of us. Building a long-term successful company. And, sure, the RM Enterprises goings-on sees management earning a profit. And, certainly, such is only fair. The value of money after all. The nature of business.

The big picture being the called-for focus with Friday's activity being a blessing in disguise. Clearing the path. Clearing the air.

The continued upside to come. Additional welcome word from the inside in concert.

SPNG = the real deal.

No end of growth/expansion potential. The effect of synergies and economies of scale seeing the company's cash position growing exponentially.

Cash from operations.

Self-sustaining reality.

Green and more green.