Replies to post #223520 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Carpedeim357]

Ptach let me file that post with ones for years where people told me nss does not exist. That no one can short a penny stock lol. That is where that post rates. Simple math iunrestricted shares issued since 08 vs volume we see. Yup as with any penny stock with this $ volume attracts we have a lot of air shares sold into supply. Now if you don't think that then you feel this way?

Crooks who can make money selling a lot of air shares just looked at this $ volume and said no thanks? lol.

That is the thing when people tell us no big nss. That is like telling us the crooks pass on making money. No they don't pass on one of the highest $ volume penny stocks. They sell a lot of air shares and make millions.

[eelfland]

If there are naked shorts, the insiders are the ones in that position, IMO, and they can issue dilutive shares to cover their position whenever they want. No problem. Happens all the time. That's why there's no index on OTCBB stocks: it would be constantly going negative as the insiders rip off their "investor" victims. That's exactly what's going on here with SPNG, IMO.

One should never invest in this crapola, and trade it at your peril.

[spongeboy]

It is fact not theory

Out of some 30,000 equities there at 44 on the RegSHO list .
SPNGE has been there for 49 days. The RegSHO list was created to alert the public of a FTD rate of greater then 5% of known outstanding shares. Thus our FTD exceed 16,100,000 shares today. By being on the RegSHO list by definition we have a naked short or FTD position against us. Fact

UBSS did not trade yesterday- FACT. Also with no UBSS we had no after hour "T" trades - fact ?? coincidence??

I think (my opinion only) there are 900 Million Nakeds in the .02-.03 range - they will not cover until they have to. I also think they are sitting excleared at UBSS - UBSS was our 3rd largest market maker and now are invisible (regsho enforcement perhaps??) This is just my opinion but think about it.

RegSho 49 days

UBSS has traded 13% of all your volume over 1 billion shares. Today they are not on the bid or the ask. I called their trading desk and asked why and they said they are not allowed to comment to 3rd parties due to regulatory reasons. This market maker is holding the FTDs putting you on RegSHO and would love to see you go out of business.

Rank Market Maker 2009 Volume
1 Knight Equity Markets, L.P. 3,872,172,703 42%

2 E*Trade Capital Markets Llc 1,221,151,096 13%

3 UBS Securities LLC 1,176,368,331 13%

1.176 BILLION

Everything not proven fact is my opinion - am I wrong?
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Reply to:

The naked short theory is bogus.

1. The short interest levels do not support teh theory.

2. If you assume the shorts all originated offshore thus not part of that report, the new laws would say that those member firms would be in violation of the rules. Member firms must confirm affirmative determination for non-member originated trades.

3. Based on the heavy volume trading, even a naked short would then create a long side failure once the long investor dumps their position. With all teh negative news, I know of tens of millions of shares that were dumped. They would show up as fails if they were originated from a naked short.

4. The fails data shows a pattern where large blocks of shares fail and large blocks of fails settle. This would be the signals of a long fail (cert delay settlement). I have spoke to Mary Schapiro at teh Conference this week and suggested that the SEC relese the FTD data and segregated fails by long and short to better display this situation so that investors will recognize the potentials where 144 stock is being dumped.




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