Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

Thank you to all.

John, et al....

In early June we climbed in line with a minimum of shorting activity going on. A minimum of day trading activity going on. Minimum of market maker manipulation. And yesterday we bid a welcome goodbye as talked about. Today's session seeing, as anticipated, an opening gap up of from $0.1559 to $0.1609.

An interim High of $0.1650 achieved.

The session maintaining well through toward the midway point. When, what remained of the day trading contingent, unloaded. With, understandably, by no means the force of yesterday's goings-on.

And the associated trading stats.:

1_

The mid-session drop to $0.1510…

[ Date / Time / Volume / Open / Close / High / Low ]

07/28/09,10:22,103T,0.1577,0.1575,0.1579,0.1574
07/28/09,10:23,244T,0.1572,0.1572,0.1575,0.1572
07/28/09,10:24,255T,0.1575,0.1575,0.1575,0.1572
07/28/09,10:25,210T,0.1572,0.1575,0.1575,0.1572
07/28/09,10:26,186T,0.1572,0.1571,0.1572,0.1571
07/28/09,10:27,114T,0.1574,0.1570,0.1575,0.1570
07/28/09,10:28,51T,0.1571,0.1560,0.1571,0.1560
07/28/09,10:29,231T,0.1560,0.1550,0.1560,0.1550
07/28/09,10:30,480T,0.1551,0.1543,0.1552,0.1520
07/28/09,10:31,855T,0.1543,0.1511,0.1550,0.1511
07/28/09,10:32,201T,0.1511,0.1506,0.1512,0.1505
07/28/09,10:33,269T,0.1507,0.1507,0.1510,0.1506
07/28/09,10:34,279T,0.1510,0.1508,0.1510,0.1507
07/28/09,10:35,283T,0.1508,0.1508,0.1510,0.1507

2_

The drop, shortly thereafter, to $0.1400…

[ Date / Time / Volume / Open / Close / High / Low ]

07/28/09,10:45,443T,0.1512,0.1510,0.1512,0.1505
07/28/09,10:46,94T,0.1511,0.1510,0.1511,0.1510
07/28/09,10:47,262T,0.1509,0.1508,0.1509,0.1508
07/28/09,10:48,129T,0.1508,0.1508,0.1509,0.1508
07/28/09,10:49,340T,0.1509,0.1501,0.1509,0.1501
07/28/09,10:50,1.0M,0.1501,0.1501,0.1508,0.1500
07/28/09,10:51,278T,0.1505,0.1501,0.1505,0.1500
07/28/09,10:52,590T,0.1501,0.1490,0.1504,0.1490
07/28/09,10:53,1.0M,0.1501,0.1480,0.1501,0.1471
07/28/09,10:54,946T,0.1480,0.1461,0.1480,0.1460
07/28/09,10:55,978T,0.1460,0.1450,0.1460,0.1441
07/28/09,10:56,638T,0.1440,0.1410,0.1470,0.1410
07/28/09,10:57,2.1M,0.1415,0.1401,0.1415,0.1401
07/28/09,10:58,2.3M,0.1400,0.1402,0.1410,0.1400

More of the day traders out and gone.

And for the more observant, once again?

Well, noticing the parallel between yesterday's session and today's as regards the massive exiting. The price points at which said exiting kicked in. The price points at which recovery kicked in. The pattern in general.

Seen here…

(5-Day chart)

http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=1&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=0&DCS=2&CF=1&D7=&D6=&symbol=SPNG&nocookie=1&SZ=0

Two sessions and very distinctive mass exiting. Massive volume reality.

None of it amounting to rocket science.

Day traders out and gone in very large part. Upside barrier removed. No hope of loading up as previously.

The stage being set ideally. Favorable dynamics.

And it's understandable given recent capitulation. Loading up at lowest possible cost and exiting thereafter. Massive associated volume. With the SR (Short Restriction) being still in place. Certain pained parties ever-hopeful. Hoping in vain.

The unleashing of a bomb of a PR, or two, as of our coming Open would be a hugely smart idea. Smart idea and then some. Ideal timing.

And we shall see.

Our latest two sessions seeing a barrier removed with the understandable accumulation continuing. Management being on an obvious mission to see market level significantly advance. Favorable share structure adjustments and all.

And recalling…

(Mr. Moskowitz from the NFE Conference)

"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."

With, this time, it being a matter of both the Outstanding count and the Authorized. And bearing in mind the big monies. That which continues to come in. That which represents a collective investment. The equity in question being not traded. Tightened tradable float circumstance. And would said monies be coming in were it a matter of a "scam" or ongoing abusive shorting activities?

Time to think?

The answers being always in the details.

Never any different.

Time for another bomb of a PR or two.

The day traders, being largely out and gone, speaking (ahem) volumes.

Management on a mission.

Massive ROI in the making.

Fred…

Much ado about nothing. A nonissue.

The type of abusive shorting we're talking about having ended long ago. In line with domestic regulatory changes. Adoptions and amendments, etc. Inclusive of with regard to international arbitrage activities.

Any/all abusive shorting activities once-associated with the Frankfurt Exchange having not taken place "on" said Exchange but, rather, 'via' said Exchange. A matter of acting as a conduit for abusive activities.

The SEC having stepped up to the plate as called for. FINRA additionally.

End of story.

And as for our 'entrenched' friend?

My vote says we'll be soon hearing about a domestic hedge fund having been in collusion with a certain and specific MM.

The time of the MOASS approaching.

Jason…

Cannot say.

What we can say is that the SR (Short Restriction) is still in place.

Closing/covering to come.

Outstanding FTD's cleared up.

And, no, our two latest sessions didn't much help, as you say. But another blessing in disguise situation. The upside path cleared.

And yes. Day traders and swing traders technically.

Time for another bomb, or two, of a PR.

The understandable accumulation continuing.

Management on a mission.

August approaching.

Lake…

No.

The trademark MM collars and leashes routine being associated with minimalist volume. Not massive volume.

And all the best.

To all.