Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

Well..there is a huge overhang of 50 Billion shares, a supply that far exceeds demand....which puts heavy downward pressure on the PPS. It is not necessary to hit the tape...ex-clearing trades are not reported.....this is all shadow markets, electronic entries, etc...when there are so many shares available and the naked positions do not get covered for prolonged periods of time, the PPS has nowhere to go but under.....fundamental economics. Do a search on REFCO and you'll find why it went bankrupt....a huge NSS position was hidden!!!