Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

Stox,

thank you for the response and the info. I was trying to figure out a way to calculate the size of the short position and that was too easy of a way..

I have come to now understand what you are talking about, no new short sold shares are being created at the present time... All they can do is sit and wait until they are destroyed. Every day they must be very stressed out. Knowing that at any day they could lose everything.

Now for the T-trades my theory is wrong, however that does bode well for us that someone is willing to pay a premium for the stock, although at the same token it could be MM who need shares to fill an order they sold and the order was at a higher price.

Anyways thanks for the reply. And congrats on adding to your position... 40% at these levels is a good addition..

Good luck,

regards,

z4