Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

WOW!! READ this.......................
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=100008&tid=57618&mid=57621&tof=1&rt=1&frt=1&off=1

The Notice, if you can read between the lines is most likely an injunction of limited nature to two of the SPNG managers and investors. My guess is that they figured that if RME lent them money and they gave them stock....only to repurchase it back at cost, well, no harm no foul. So , they made a mistake, but, not a material mistake to the business of the company. AND, I do think the SEC has granted them the time to correct the error, which is going to benefit the shareholders tremendously in the very near term.

The posters such as nice_guy are correct in fact, but, they error in the application of the facts. He knows it as well. He most likely works with the rest of them. Notice how a post such as his can get 4 stars in less than a minute with NO replies? Curious, no? Collusion? Perhaps.

Will a MM take the stock to trade? 100% yes!!!

The volume that they will get is going to be tremendous. They could care less about the politics, they facilitate trades and volume. Besides going long and short, if they only play the middle, then they want the pure volume. And, they will get it shortly.

From my experience, NITE may be in some trouble with inventory. Others are helpng them out, which further delayed the 211 Filing. Everyone hates NITE, but, they can crush any dealer they like in most instances, especially the mid level dealers.

But, the Wells notice , in my opinion, was a means to the end for the covering of SOME of the NSS and there can still be a squeeze of approximately 700M shares, less than the 1.5B we hoped for. BUT, then comes PIKE to join the game and probably get some retrubution on those that beat him up in the past. His shares? Well, lets just say that they will not be sold for .28 cents. Oh, the small retail investor will bail at .15, .20, .30 cents and vow never to play penny stocks again.

BUT, the retail investors whole "lot' can be wiped out in the first 30 minutes of trading, amounting to perhaps 15 million shares. Just a blip on the level ll screen.

This has turned into a late night ramble. But, the crux of the matter is is that the shorts are crooks, the Wells Notice is the BEGINNING, not the end and PIKE holds a very tough share to purchase.

The hedgies had a minimal amount of information that actually stuck to the SEC...a laughable and minimal amount, I might add.

Next week I expect several key announcements that will make many people stay long and appreciate the game of manipulation and its consequences.

A silly sponge, can you beleive it.....will break the backs of huge money players!Hunfreds of millions, depending on Pikes mood. Played well by management or just plain lucky...the Wells Notice will cause a considerable appreciation to the pps of this stock.

When trading begins on OTCBB, invest in real time level ll. You are going to see lights like a Christmas parade and gap ups and downs like you have never seen. If you cannot afford it, at least sign up now for free trial versions. You are about to witness fireworks!