Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

Anyone ever thought that pike may have taken a short position of 160 million shares when the stock was trading above the .20 cent level, and has continued to cover his position on the way down. If this was the case he has clearly made a substantial profit, and can now sit back and hope the price goes up for a double dipping opportunity.

that issue was discussed here before .. it a very good possibility too

U.S. Issues New Rules on Short-Selling

still not required to disclose short positions


http://74.125.155.132/search?q=cache:FB4NJ35S8iEJ:online.wsj.com/article/SB124871727822084391.html+hedge+fund,+disclosure+short+position,+SEC&cd=3&hl=en&ct=clnk&gl=us&client=firefox-a