Replies to post #291662 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SteveF]

Who is selling?? With the Wal-Mart sightings I cannot imagine any true long, upside-down stuck, or any retail shareholder letting a single share go until Wal-Mart is PRed. I don't know who would sell at .025-.03 today..

I'm guessing it's the same promoters who were given free/discounted shares to lure fresh sheep into this scam.

[Stock Stallion]

if . as you say, these are all buys, then why has the PPS fallen from .06, .05.04,03 mow .02. if these were all buys as you keep saying the PPS would rise, not fall or stay the same.

[Risicare]

With no bid and no ask ALL trades are buyer initiated so all trades on grey sheets are buys.

No


Who is selling??

People who put in an order to sell, insiders, people who realize the stock is headed for 0.



All of the selling must be shorts selling at a loss to other shorts to cover at a loss.


You might want to figure out what selling short entails that is completely lacking any sense or logic.