Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Nikodemos]

SPNG short "sales" were tracked by one poster using IB (Interactive Brokers). http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United%20States&ib_entity=llc&ln=&b=SND&e=SPV


The poster contacted IB and was told that the trading in this short account is atypical and should be discussed with the SEC. Essentially, it is not "trading" in REAL-TIME and often millions of short sales/supply is deducted and credited within a 24hr period. Smacks of WASH trades.

Here are some links regarding SPNG and that posters DD:

http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_(A_to_Z)/Stocks_S/threadview?bn=100008&tid=45058&mid=45058


http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=te&bn=100008&tid=35225&mid=35225&tof=14&frt=1#35225


http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_(A_to_Z)/Stocks_S/threadview?bn=100008&tid=42761&mid=43559


Anyone observe this same behavior with other "retail shorting brokerages" and/or wish to contribute a pov? It is interesting to say the least.