Replies to post #34999 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[snakecorleone]

I will say I think the stock is being manipulated, with out of sequence trades, that is pretty obvious, but 250 million deep and no reg show, that would puzzle me.

[Carpedeim357]

All you have to do is understand how market makers make this market. If you doubt any penny stock with volume like SPNG does not have big nss then? I guess you think market makers are this honest bunch that would never abuse the fact they can nss. Sure they won't. lol. Or that hedge funds or toxic funders never abuse penny stocks. They never work with market makers to short them. Again understand they do nss a lot and thats why on message bds we have all the saviors bashing away 24/7. Really think they work this hard if no big nss on a stock?

[camper9]

I'm not saying anything about the size of the short position here (naked or otherwise).

However, also consider that fails to deliver are only reported when cleared through the DTCC. When the MM's ex-clear no FTD's are reported, or more precisely, they do not have to be reported.

The SEC actually supports the MM's ex-clearing away from the DTCC. The SEC goes as far as to state that ex-clearing between MM's is considered proprietary therefore they do not have to disclose it, as disclosing it would reveal proprietary trading strategies.


Not reported to the SEC = not on the SHO list.

[powerbar03]

Snake, if you say there are some short position then why cann't you believe there could be substantial amount? I know Micro think highly of you but I am beginning to see clearly. GLTY and loonggggggggggggggg