Replies to post #285266 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SteveF]

what would happen if someone who held 177M shares wanted to sell half? LOL!

The TA would issue another cert for the remainder?

Are you really this new to the market or are you just fishing for others who are?

[P2O I'm from MO]

The only entity with that size certificate is CEDE & Co which is the name used to account for the shares in street name at brokerages. When someone sells there shares they get bought by someone else or left in the MM inventory. If the someone else is a street name account, the certificate is still valid, the shares are recorded as changed hands on the ledger. Eventually when the accounting gets to the point when it is necessary, the certificate is cancelled and a new one is issued to CEDE & Co.

[hasher]

The crede and co are the airshares, and 1.8B as of June

Cede and co are the clearing house for all the stock, but just for the sake of the numbers:
The stock traded between .10 and .28 in june so when did these 1,8 billion get shorted. And since the PPS is the lowest its been since june, how are the shorters in trouble.
If you are talking about after june, there probably hasnt been more than 2 billion traded so that number wont work either