Replies to post #163763 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

I wouldn't say that. They are suppose to force them to cover. Now who knows if they will or not... I'd say there is a shot, but we do have to remember this is a more recent issue. This isn't brought forth because of our major naked short position that was put on over a year ago.

We had this large naked position which due to regulation was able to hide itself over a year ago (and won't show up via reg sho).

Now we sit with most likely the same people, who have become desperate and FTD'd and let it go to Reg sho because they have no other option they have tried everything to keep this stock down. imo

Now as for the 10k I doubt that will make the shorts cover, however it will show the truth of what's going on. It will show how large or small the float really is, it will prove the earnings, it will show a large amount of info, of which people have been seeking for months which they consider "red flags" because they don't have.

People thus will then be able to decide what they think the company is worth. And so long as the company goes along with doing everything as they have in the past. It will blow the lid off the current views imo. justifying a much higher price. and most likely attract new capital.. But even if we go back to .28 cents it is not going to force a short covering, being there before didn't force one. We need a catalyst to cause this event. Or for the pps to get to a level in which the margins are too great.