Replies to post #9621 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[phrantic]

WPO, I thing someone needs to report the activity of this stock to the SEC, this is the most controlled security I've seen. I'm new to this, but have watched the market for many years and have never seen such a controlled environment!!!

[thebullpick]

Gimmie a break....this is nothing but market makers clearing up shares after hours.....SEC please...they would laugh at you for this!

call the SEC and ask them about why LEH was shorted down from 80 bucks and FRE/FNM and why people lost BILLIONS..that is what the SEC is worried about right now!!!!

not some dumb ass after hour prints on SPNG lol

[flaflyersfan]

WPOSullivan, typical OTCBB stock;

Granted, SPNG has a product that is visible, available and apparently selling well.

Common shareholders will never benefit from the business.

It is the ruse of the penny stock market. People "invest" thinking just because they bought some stock that they are a participant in the company when in most cases they are simply funding it. All of the tell-tale signs are there;

-Increasing O/S

-Claims of buyback

-Naked short card played

-Press Release after Press Release

-T-Trades at Bid

Veterans of OTCBB and Pink Sheet stocks should be able to come up with examples of stocks with all of the above that proved to be diluting while distracting. Claiming the "naked short" is the biggest red flag of them all. Look at how riled up it has everyone where they will not listen to anything else.

Good luck.