Not just no proof that there was... Fairly good proof there wasn't, and certainly clear that the unregistered shares and deceit overwhelm any that may have been.
Speculation and inuendo that what didn't happen could have....because it may have sometime with some service SPNG was also.
Speculation....that's what your doing going long on any stock....wild speculation on a penny...blind speculation in this case.
There was plenty of proof that SpongeTech was victimized by significant and sustained violations of RegSHO. I named the brokerages who played a large part in that, in a document I submitted to the court.