Spongetech Delivery Systems Inc (fka SPNGQ)

[hasher]

We are at a critical stage in the development of the company. The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. The problem is with FINRA. They know from talks with their "friends", the large investment houses, the broker daalers and the MM's that the monetary costs to the shorts is going to be quite substantial. There response of course is to delay the formal granting of the 211 in order to give their "friends" time to accumulate the capital that will be required when the party starts.

This statement is as full of unsubstantiated fantasy as anything ever posted here. SPNG may never find an MM to do the 211 process and any reference to "monetary costs to the shorts" is laughable.
Face it. The stock has no short problem. Still, this will always be the go to excuse for SPNG's poor performance and is meant to strictly cater to the MOASS theorists. It has never happened on the pinks/BB and it will not happen with SPNG> Ever..