Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

I don't know why posts are getting deleted but here are some differences between trades that hit the tape & ex-clearing trades...

1. Trade transactions that are conducive to automatic settlement systems and need to be backed by DTC kept physical certs hit the Tape instantaneously.

2. Ex-clearing trades are labor intensive and as such take a minimum of 1 day or more, some take days, weeks , months and yes, even years....all that the B/Ds do is write up monthly contracts for delivery of shares between themselves and keep renewing the contract till the company dies!! Great strategy.

3. Ex-clearing trades are mere Electronic entered shares that are not backed by Physical certs.