Replies to post #120537 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[stoxmagic]

Drew,

A trading pattern that doesn't reflect the natural market forces of supply and demand.

Prior to the referenced SEC maneuverings, we had a case of many OTC outfits hosting a management team proceeding in ways that invited egregious abuse. Daylight robbery. Market level trapped in the cellar. Unable to advance. A case of managerial incompetence coupled with MMM.

Looking at the SPNG graphical, the recent run-up, we have three stark instances of a new base having formed. Seen here...

(Hopefully, a live link.)

http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=3&dy=0&id=p52120835958

The associated volume spikes. The money flow. Simple metrics of supply and demand yielding what would be expected. The massive buy-side. The significant upside. No evidence of egregious abuse. None. No wanton creation of phantom shares no end.

The trading pattern reflecting in line with all being well.

But the massive buy-side in the absence of the significant upside? Volume spikes? Money flow reality?

My challenge still stands.

Let any party/parties step forward.

The empirical.

And you're welcome.