Replies to post #296291 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

typically people or funds short companies who are failing .. for many reason or companies headed for bankruptcy

no reason not to short SPNG fits the bill 100% - with all the liabilities they face today .. bankruptcy is totally in the picture

seems lots of people agree with shorting spongy now - shorting a penny is not illegal.. just hard to do for the normal guy

[overachiever]

No it isn't sticky worthy. The vast majority of them are not really short sales, but simply unsettled trades each day.