Spongetech Delivery Systems Inc (fka SPNGQ)

[Millenium323]

I agree and below is an example of two R/S that worked recently particularly GGC. Having said that I dont believe management will do one as they said they werent really considering one. In this instance a reverse split dried up the float and forced a short squeeze. It is one way to attack a naked short position. As the article says GGC went from $7 to $36 dollars in five trading days after the reverse split.

Analyst says short squeeze likely driving AIG gain

GGC NEW YORK (MarketWatch) -- Investors who were short shares of American International Group /quotes/comstock/13*!aig/quotes/nls/aig (AIG 24.57, +1.27, +5.44%) before a recent 20-for-1 reverse stock split are scrambling Wednesday to buy scarce shares to cover, driving the stock up more than 50%, according to Miller Tabak analyst Peter Bookvar. Bookvar said he's seeing a similar situation with shares of Georgia Gulf Corp /quotes/comstock/13*!ggc/quotes/nls/ggc (GGC 34.72, +1.40, +4.20%) , which also recently did a large reverse split. "GGC is another stock that had this big reverse stock split, and its stock went from $7 to $36 in five trading days. It's another example of where the float has dramatically shrunk, and now there's a massive short squeeze going on," Bookvar said. "There is certainly no news to account for it (AIG's stock move), he added.