Spongetech Delivery Systems, Inc. (fka SPNGQ)

[rdailey4]

That's not quite true. The brokerage is obligated to make you whole. If we own phantom or air shares, when a forced covering happens, the broker will either force the short to cover with a legit share (which he will not be able to find), or buy our shares from us. Once he buys them from us, he can mark that off his IOU with the brokerage firm and he is cool. We will have the money he paid us for our stock, but we will no longer have any ownership in Spongetech. Once the shorts buy up all the air shares, they are off the hook, and all of us are rich. The only shares left are the legit shares that were the Company's Issued and Outstanding.