Replies to post #191424 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

Lol well clearly they feel like the company is going to sell shares into the float and dilute and that the company will fail...

however one has to ask the question who is buying now?

[Mingy]

'along4dride' I’ve gotten really tired of the idea that the shorts are smart. Anyone who was smart would be long SPNG, not short. Furthermore, What the shorts do, is that they naked short a lot of these OTCBB companies, knowing that most startups fail anyways. They also know that by naked shorting the company, they can walk their stock down a few percent each day, eventually taking it closer to 0, where it’ll be harder for them to raise capital and more likely that they will fail. In which case shorty doesn’t have to cover his shorts. There is nothing impressive or intelligent about that strategy what so ever. The shorts are not intelligent criminals, so please don't get the impression they have a way out of this. I’ve actually been hearing more and more people suggesting that they are so smart they have a way out of this squeeze, there is no way out, we have what they need, don’t let them fool you.

[Spinosaurus]

along4dride: The mm and shorts are like the "smartest guys in the room" huh. Is that it. WE know how that ended.