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Replies to post #191841 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

Replies to #191841 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

TigerTrader83

09/09/09 9:23 PM

#191845 RE: Hedge Starz #191841

Dividend does not work. Cash dividend the shorts can just pay. Stock dividend they just print more shares. These NSS are not going to go away on their own, SPNG needs a CUSIP # change and a R/S is how they are getting that.

sponge_digger

09/09/09 9:48 PM

#191878 RE: Hedge Starz #191841

I agree with your skeptisism with the DTCC but it seems to me that if a definitive number of shares are outstanding then a r/s recount should be relatively easy. How do you believe the FTD's can escape via DTCC? They will be looking to the MM and in turn the mm's will hunting liquid assets from the Nakeds themselves. The unfolding of future events has me at the edge of my seat and I am looking forward to the education that comes with it.