Replies to post #345116 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

"Imagine if Cannacord did their job and turned down those certificates from being deposited and sold???"

OK, imagine it. Nothing changes. The sales numbers are exactly as fake. The OS is 3 billion. SPNG is still a fraud, the M&M brothers are still busted, bankruptcy occurs.

Nothing changes is the Canaccord stock was not sold.

SPNG would still be a gray sheet stock and the company dissolved.

The Canaccord shareholder(s) would just wind up like Pike - with a boatload of worthless shares.

Nothing else changes but that.

[cowtown jay]

If Canaccord had done their job, and blocked the release of those 200m shares into the market, there would still have been the other 93% of the shares released.

The SEC is fine with zero accountability for the 100% FAILURE of American gatekeepers to protect the investing public. The one exception, so far, has been with their prosecution of Penson. And the SEC's only problem with them is with the commissions they earned, not the damage they aided and abetted on shareholders.