Replies to post #23426 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[snakecorleone]

honestly, I'd like to believe that management has a plan, and one of the plans is buying shares while it is this cheap. But at what point do they stop buying, once they have the tradable float? If so, they should just announce, we have a NSS'ing problem, we are addressing it by buying the tradable float and then contacting the SEC once the entire tradable float is secured by management. The shorts will either take off running, or management will get to buy it back at these levels.

Plus, they will gain the confidence of the spng investors and I am sure more of us would buy more if we knew that was the plan, so we'd really be sticking it to those short selling..

just a thought... never liked secrets...

[General Grievous]

the mms have been shorting this like they do to almost all otc, but theyve dug a big whole here on naked shares...most shares are counterfeit according to the company. if u do the math and the float is only 155 million alfie and his group own 100 million..so what does that say?

[Carpedeim357]

CDN realize when a market maker sells nss that is same to float as company issuing a share. Only difference is they are air shares but inflates float in the market. That's why nss is so bad it's like issuing shares into float. It amazes me any doubt nss in any penny stock with volume. Are market makers these honest people who choose not to make money by selling nss? They do it because they can make money doing it legally. Until Sec says they can't they will never stop doing it to make this market. NSS is a fact of how this market is made. It drives why we have such crazy trading ranges. Why we can see penny stocks run big and crash big.

[rookinvestor]

CDN, this is a typical trading day when the DOW is down 400...no printing press