Replies to post #167481 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SpongeBob2010]

But is this REALLY going to happen?>! Its unheard of?

[camper9]

rd, you are quite correct. I took a short-cut in my explanation ("bottom line"). Thanks for filling in the details. :)

"bottom line" the SPNG shorts are in a less than desirable position......

[Spinosaurus]

rdaily: QUESTION PLEASE: re your reply to camper, Post#167481. Let me understand this. For example, if my shares are with Chas. Schwab, and I sell them during the hopeful SS/forced covering, and if I unfortunately own some phantom shares, then Schwab will either force the short to cover with a legit. share (which he won't find), or buy my shares from me. Once he (short) buys them from me, he (meaning short?) marks my shares off his IOU with Schwab and short is cool. I have my money paid through Schwab by short, no shares in SPNG.

Do I have this the above scenario correct? What if short (hedge or whomever) has run out of money and can't pay me -- is it I who gets screwed or Schwab? Please explain. Does Schwab have to make good my sell orders regardless of whether short has the funds?

Next, am I correct in assuming that after the runup in the forced SS that the price will settle down to whatever "perceived real market value" is, for example somewhere between $4-8?

And, if there might be some stock dividend like a 3-2 or whatever, do you have any opinion as to if the being a "shareholder of record date" will be prior to or after the forced SS and price settles down?

My plan of course is to buy back my shares at a much lower price after the squeeze and "hopefully" be a S/H of record for the dividend -- the old cake and eat it too. Thanks in advance for your thoughts on the above.