Spongetech Delivery Systems Inc (fka SPNGQ)

[spongeboy]

Pike kept the price up!!!

Blast from the past

Posted by: spongeboy Date: Monday, January 25, 2010 8:35:02 AM
In reply to: brainstorming who wrote msg# 286494 Post # of 292816

Pike is done buying - I think the entire float is now owned by Pike and insiders. This will expose the nakeds.

Way back in August I posted that the evidence for NSS is the RegSHO list - that is what it does...the SEC puts it out. I also predicted that the shorts were naked at .03-.06 - Stock was .14 at that time.
The 10k did not come ..but read my words and look at the august date the bulk of the nakeds are at .03 that is why Pike was buying at .037-.039 to keep the price up..

http://www.sec.gov/news/press/2009/2009-179.htm


Posted by: spongeboy Date: Saturday, August 22, 2009 12:59:02 PM
In reply to: TigerTrader83 who wrote msg# 170673 Post # of 285405

RegSHO and naked shorts

We are on the RegSho list - this is the list for naked shorts - think about it - there are i think 11,000 +/- stock tickers on public companies and 33 or so are on the RegSHO list-- and we are one of them. if we have 722M shares outstanding we need to have 3,610,000 FTDs reporting by DTCC to stay on the SHO list every 5 days. I think today is day 20 but it doesn't matter - we are on the list. With the 10k coming in 6 days - and with the sales figures to be $50-60 million-- and we did $50 mill in the last 90 days or so. if you were short today-- Why would you not cover. Unless you are naked at .03-.06 .? Management talked about NSS in June of 2008 . The fact that we are on SHO makes this real. do a member search for spongeboy and read my posts. NSS are real that is why our volume is so low - that is why I am so long.