Replies to post #286183 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[vd8828]

Good points based on fact and evidence unlike many others here!! thanks a lot for your good job.

You are our HERO who should be the next leader to the Wall Street or Congress of the US, imho.

Have a nice weekend.

[Virtual Drew]

spng sec filings have shown evidence that the shares were issued to rme, but RETURNED and RETIRED BACK TO TREASURY!!

Those very SEC filings are under the utmost scrutiny of the SEC as being fraudulent!

im under the assumption that wall street traders were under the assumption these shares would hit the market and they SHORTED or went NAKED anticipating RME to DUMP, when in fact they did not, thus trapping those who SHORTED and cannot cover!!

Go back and look at the SEC's failure to deliver data around that time...didn't happen. No Reg SHO trigger, thus no "naked short" as you claim!

The rest of your "thesis" will be read on a later date. Somehow, based on your opening argument, I do not have the time to figure out what you are trying to say.

[Jim Bishop]

I just read your first couple of examples and while those types of shorts are called "naked" they aren't really.

That's very common, funders and insiders shorting against their own convertibles or restricted stock. They cover with their own stock, not on the open market. They are in effect borrowing their own stock for the short sales.


went NAKED anticipating RME to DUMP

In that case there would be fails to deliver...there aren't any, or not many anyways. If memory serves it was about 55k shares at the end of December.