Replies to post #295920 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SDBob09]

Not if they believe it's going to 0.00. I'm sure some shorts have covered, but if in fact the assertions by some are true that there is/was a large naked short position, I seriously doubt they've covered, nor do they intend to.

Look, few can argue that the SPNG 3 month chart is one of, if not THE strangest chart Wall Street has ever layed eyes on.

This is clearly a black or white issue at this point. It's all or nothing. $0.03 will quickly turn to either 0.00something or $0.20+ once the cards are flipped.

[Mingy]

Its extremely simple. The naked shorts are short billions of shares, and they continue to add to their position. They couldn’t cover enough shares even if they tried without making the price rise to the point where they go bankrupt. So right now, what they are doing is just continuing to add to their naked short position, by offering infinite amount of shares at 3 cents. Shorty knows hes going bankrupt, so adding to the position means nothing to him, who hes hurting is the clearing firms, market makers, and broker dealers who are going to be on the hook for shorty going rouge.

By adding to the position and keeping the price from rising, he buys himself time. I’m sure he got his 09 Bonus, and continues to get a salary. No doubt hes also trying to hide money too. (I must add, the lower he pushes SPNG, the higher his paper profit is, and the bigger his bonus"

The fact the Government is allowing shorty to continue his game is shocking, and I will do my best to call attention to the governments corruption when more players go bankrupt because the Government allowed the problem to grow.

We know, and shorty knows, when the 10k comes out, its game over for him. Until then, hes going to enjoy for as long as he can, the life of a big shot hedge fund manager, driving around a Lambo with the license plate, “2BIG2SQEZE”, attending high tea at the club, exotic vacations, ect...