Replies to post #323628 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

nice post .. but will be totally ignored by the NSS conspiracy
believers of spongy

[hasher]

its amazing how this ronk character continues to get support from the lost NSS conspiracy theorists.

[starfire]

So you are saying was a 'bad' guy while working inside of the Street but it is this very experience that support his current activities in determining where all the shady spots need to be gleaned for unaccounted shares. Here are his sources that he currently uses....

1. Nightly Threshold Security Lists ("Naked Short Lists"): data comes from AMEX,
NASDAQ, NYSE, OTCBB, PINKSHEET exchanges directly.
2. Daily Size of Failures to Deliver ("Size of Naked Shorts on a day to day basis):
directly from SEC
3. Daily Short Sales Times and Sales Data: data comes from AMEX, NASDAQ, NYSE,
OTCBB, PINKSHEET exchanges directly.
4. Brokerage firms that trades go through: data comes directly from AMEX, NASDAQ,
NYSE, OTCBB, PINKSHEET exchanges
5. Names and positions of short sellers with assets under management exceeding $100
million: data will come directly from SEC
6. Blue Sheet Data Requests: We deal directly with FINRA and SEC to alert them as to
which stocks and which brokerage firms SEC and FINRA need to investigate.
7. Trading Statistics and Friction Factor are based on data provided by all US stock
exchanges and proprietary analysis of the activity.

Where there is smoke there must be fire. Tom's report raises a red flag which in turn should lead to deeper investigation. The current TA exhibits are insufficient. Current report up till 15 June 2010 need to be used. In addition a report indicating the number of shares held by all B/Ds should be reviewed along with the TA control books and the company's STock Transfer Ledger. C'mon, this is not difficult. Let's verify and put this doubt to rest! The SEC should do it.

And if you are doubting if NSS exists or its associated damage, just read this report...

http://www.cato.org/pubs/regulation/regv31n1/v31n1-7.pdf