Replies to post #20024 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[snakecorleone]

When you can account for more than the tradable float, those shares are Naked Short Sales, aka Phantom shares... do a google search, you'll find some good info on that. VW just went through a squeeze, many people will say the squeeze with spng will be much higher based on amount of phantom shares in play. Doug and Management, and whomever BMAS is buying for know this, management has claimed many times their stock price has been manipulated.

I am interested to see if management is going to PR they have bought back 50 million shares? Game over...

Crash, you might want to pick up some shares at this price... should be good days ahead for SPNG

[Carpedeim357]

Crash you remind me of people years ago telling me how no such thing as naked shorting for years. I had no proof then but knew market maker where allowed to do it. To think they are not naked shorting any penny stock with volume and interest is ridiculous. Just it was when people told me no such thing. If they can sell naked short they will and abuse it. Do you think they are so ethical and honest that maker makers don't? Add in hedge funds to that work with them. Proof is they can do it so they will.

[klausby8]

LOL