Replies to post #192988 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Carpedeim357]

Titan I am thinking buying at 12 cents after r/s equals $12 is what causing selling. Any price before r/s is basically 1200 times the price paid per share.

Now if with r/s we move very quick to Nasdaq price could hold up. If still on OTCBB and stock is $12 that be hard imo to do.

I am big supporter of SPNG but they have done the one thing that upsets me and is not needed a r/s that big.

1 for 10 or 20 with it being done on day we move up I would be okay with. Not 1 for 100 and still on OTCBB after.

[DBS02892]

> LoL... so you think the Basher's are causing the selloff?
> I suppose you think the Shorts are nervous or scarred to
> right?

Bashers are doing whatever they can to spread fear, uncertainty and doubt, yes, and they do this for their own benefit (although I'm sure there is the occasional sick oddball who does it just for fun ...). Many of you are probably genuine retail investors with a short position, but some of you are working for institutional investors who have digged themselves up quite deep in the NSS hole.

The simple fact is that from tonight 4pm Eastern, if you are a naked short, you have exactly 10 days to get your ducks in a row, so I expect to see interesting pps development in the new few trading days.

And if you are a regular retail investor taking bets with a short position you'd better cover soon because the big boys will let *your* cover orders hanging high and dry when *they* need to cover ...

Remember, as a short, your maximum profit is attained if the target stock goes to 0. There is no limit to your potential losses though :-)