Spongetech Delivery Systems Inc (fka SPNGQ)

[ozz112]

NSS is extremely rare IMO and maybe nonexistent in today's market except for very short holding periods. Any company has access to a list of their shareholders right? The list includes the number of shares owned by each shareholder right? So let's say SPNG's lists all added up come to 2 billion shares owned by their current shareholders, but SPNG has only sold 500 million of their own shares. I'll tell you what...I wouldn't go around releasing press releases about having naked shorts and the such. I'd walk into the SEC and provide them documented proof that 1.5 billion shares are owned by shareholders which my company did not sell and demand the SEC enforce naked short selling laws by getting rid of them and prosecuting them...I'd also take a prepared press release into the SEC and tell them if they did not take immediate action, I would release this press release stating that the SEC was presented undeniable evidence of 1.5 billion naked short shares and they refuse to do anything about it and I would release the evidence of the short position with the press release. I would also give them a list of news outlets that I have contacted and plan on giving interviews to if action is not taken.

You don't think if NSS exist and a company does that, the SEC will not take action? Why hasn't a company tried taking such action? Because 99% of the companies which cry naked short are lying and the other 1% have small amounts of naked short positions and those are very short-term and disappear quickly. Use your common sense people.