Replies to post #337832 on Spongetech Delivery Systems Inc (fka SPNGQ)

[SRV-90]

Obviously you haven't really been following the case that closely or you would know that the short position talk in the filings was completely bogus and without merit. It was spread by shareholders and insiders wanting to make the dumb believe that there was a short position.

The court plainly stated that if this allegation was true then the shareholders themselves need to pony up the money to prove it....in other words they were told to bugger off as they were wasting the courts time.

The REG SHO listing that Spongetech had was due to them flooding the market with unregistered shares sold illegally

[puppydotcom]

This is a very serious case of fraud, civil and criminal. The DOJ, SEC,and the BK courts want to uncover as much as they can

I give them big support for the efforts ..

My bet is the total scam only involves the crooks and their many, many helpers. NSS excuse is continually used as an excuse in 99.00% of the penny scams by stuck share holders

The market is flooded with SPNG shares both legal and illegal shares dumped by the crooked insiders.

No one in the SEC, DOJ or the BK courts are covering up for the fantasy NSS .. as many are claiming ..

Denial is not a river in Egypt

SPNG was set out to be a scam from day one ...

[ozz112]

The shareholder group said many many months ago they had paid for and were performing an independant count on shares to determine if there really is any short shares and then they went silent. Why won't anyone comment on and release the results?