Spongetech Delivery Systems Inc (fka SPNGQ)

[Mingy]

I couldn’t care less what fund owns 160M shares, who they are is not important. What is important is the fact they own 49% of the companies outstanding shares, 160M. Spongetech could have zero profit, the fact that more shares are officially owned than the Outstanding shares, proves Naked Shorts. All they need is a way to trigger the short squeeze and all longs get paid.

Of course spongetech does have profits, huge profits actually. So you have a great company, great products, insanely undervalued, that has a huge naked short position built into the stock, and it doesn’t take a rocket scientist to see the huge upside.

Your risk is 3 cents, your upside is unlimited. Companies fair value is $3.4, factor in the shorts squeeze and who knows how high this puppy could go.

YA BABY