Spongetech Delivery Systems Inc (fka SPNGQ)

[P2O I'm from MO]

How does a 'forged' stock certificate clear? When it is deposited to sell there is a delay on the
availability of the funds in the brokerage account. If the funds were used to purchase some other
security (in a margin account) there would be colateral available for the broker to recoup if the
certificate proved to be counterfeit. The account holder would be prevented from withdrawing for
at least 3 days and by that time the brokerage would more than likely know if the certificate was
valid or fake. A cash account would be even more restrictive.

So... how does this scam work?