Replies to post #337973 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[BMK]

Maybe you are right. I think the argument could be easily solved by getting all trading records and accounts from brokers regarding the trading of SPNG between May and Sept '09.

Maybe even the Blue Sheets would provide answers. My guess is FINRA, SEC, or even brokers could provide these details, on this or any other stock where a scam is known and NSS is prevalent...or not.

[BMK]

Also agree that penny stocks are nothing to invest in. Better to take money off the table every time news hits, the old buy the rumor, sell the news is never more defined than with penny stocks.

As stated in many posts, we are in agreement on everything you and the rest here state, except to at least be open-minded enough to say there is a "possibility" that NSS exists in pennyland, probably more so than any other market because with thousands of stocks in OTC and PK, it is virtually undetected based strictly on volume of investigations required to expose NSS. It would be an overwhelming task.

[big lug]

Alien,

I think it's more that NSS is promoted by scam promoters who use NSS to get the scam victims to hold their shares in hope of the big payday. Without getting the victims to hold their shares during the dump the magnitude of the payday for the scam promoters would be greatly diminished.

Big Lug

there has never been a single piece of credible evidence for NSS in any penny stocks. the people who promote this mystical NSS are typically scam victims who are unable to accept reality. it is also not uncommon for anyone who calls a scam a scam being accused as part of that NSS.