Replies to post #243613 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[bballcoach10]

SEC doesn't always work with the greatest of speed. That being said, it will be very difficult to state anything as fact until/if the 10K comes out.

[crodad]

Hate to be a conspiracy theorist here, but wouldn't they be better served not to expose it as it would highlight a broader problem in the system?

[leopard messiah]

Hey Wad, long time.

I can imagine a lot of situations where they would do nothing because the SEC is complicit in an abusive-naked case. I bet they sweep a lot of them under the rug, and it's especially easy to do if a company is not making any profits.

[cowtown jay]

if they waited, anticipating a quick buy-in, then they would know how much disgorgement to order.

[ozz112]

Good question and one I've thought about. I'm not buying these claims that the shorts WANT the SEC to investigate companies they have naked shorted to destroy the company. That doesn't make any sense to anyone thinking logically. If anything, a potential SEC investigation would cause them to cover and quickly. I'm starting to believe this whole shorting business is WAY overstated, in general. It has to be fairly simple for any company or the SEC to simply compare the lists of shareholders(NOBO,etc) and their holdings with that of a transfer agents documented shares outstanding. This isn't rocket science. If a company is truely being shorted billions of shares like is claimed here and the company has the evidence supporting it, all they would have to do is give that to the SEC and threaten they take action OR they will make the story publically available with all supporting evidence and the SEC's refusual to take care of it.

I'm not buying it.

Then with SPNG, 3 billion A/S, gagged T/A, seemingly endless money supply for marketing. One simple question takes care of this whole mess for any logical person:

Can you think of one logical reason at this point where a company is being tarnished to the point of no return, reputation-wise, why they would not publically and through an SEC filing state the O/S figure?

If you can not find one logical reason why, then we have our answer.