Spongetech Delivery Systems Inc (fka SPNGQ)

[spit432]

Link to Dark Lady's post, and also, I would like some additional information on this thesis regarding FINRA. Doesn't the SEC keep tabs on such an organization? Wouldn't laws be being broken if they are holding up the filing of the 10K in support of illegal naked short sellers? I will look into your claim...but your theory brings up more questions. It's still unclear how either the SEC or FINRA will explain their actions if they are doing anything to allow the illegal NSS a way out of their mess. For them to get out of their mess they must do so on the loss of investors. Those investors taking a loss to allow the NSS out from under all of their short shares would have a legitimate complaint against the SEC or FINRA. I cannot see how any government agency can justify such actions without taking on liability. The only legal way and ethical way out of this situation is to allow a short squeeze to occur and the short sellers to pay for the shares to cover their shorts in a normal and fair trading system. Any artificial and unfair trading system which allows the shorts to cover for less than they would in a fair trading system must necessarily cause someone blameless for this situation to take a loss unfairly....and ultimately would have justification to bring suit against whoever allowed the unfair trading system to continue.