Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TigerTrader83]

My theory is that the pps is being held down by air shares issued illegally by overseas and corrupt hedge fund managers. These shares will eventually have to be bought back by UBS and NITE the market makers that let these NSS trades go through.

Once the real float comes out either in the 8k this week or in the 10k in Aug, everyone will know for sure there is no dilution and will want in. All these buys will force the share price up making margin calls on the legal shorts, which will push the pps higher. If the NSS still refuse to cover we will see a dividend or a merger into a company already listed on the big board. Killing the NSS once and for all.