Replies to post #46132 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[biomanbaba]

according to your post their are at least 4.1 million shares available to shorts....therefore no reason to go naked...then what other factors might be at work here driving the price down...Posit this:
Perhaps a large holder....or group of large holders wants to see lower prices so they can enlarge their position and or lower their basis at the expense of DUMB and FEARFUL smallholders. They hold their shares in street name at a broker known to service big shorts....knowing the shorts will borrow them and do their thing. When the shorts make their run on the SP the largeholders buy in front of the cover and fatten their stake....and without breaking any laws Al they have done is take advantage of DUMB and FEARFUL smallholders..thats mean but not crimminal