Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pennypacker]

SEC Investigates NSS of SpongeTech! Not a real headline, but I'm hoping the SEC is taking this opportunity to review the legal and illegal shares shorted by the brokers. Since trading is locked out, it's a perfect time to reconcile the share count. If it's true that Doug Furth has 300-400M shares and the RME count is roughly 300M, they own more than the claimed 500M OS. Why doesn't the SEC just ask for an official report of their shares and request the OS from SpongeTech? This would serve as official proof of NSS. Next step, tell the NSS brokers they have until 16 October to reconcile their shares. Since no shares are trading, SpongeTech is the only source for available shares from the AS. SpongeTech names their price, say $2, for purchasing shares. NSS brokers have only two choices, cover with AS @ $2 or go to jail.

Now, since SpongeTech will have all this new found cash, use it to buy back shares at market prices. Trade $2 shares in for 10-20 cent shares. Simple plan and we longs win!