The regulators finally blinked and admitted the fraud behind these phantom shares. We forced the system to account for its own corruption and we won this fight. Stay vigilant because we know exactly who these criminals are now.
November 4, 2010
Final supporters
This petition is addressed to all Honorable Senators of the United States of America.
To all Distinguished Gentlemen and Women of the United States Congress.
To the Officers of FINRA and the DTCC
To the Offices of the Inspector General of the United States of America
We the undersigned are shareholders of a company named SpongeTech Delivery Systems. A company that many believe is under attack by the illegal Naked Short Selling of its stock.
As ordinary retail shareholders we do not have the power it takes to force this issue out into the open. We do however have the constitutional right to protest and have our voices heard and acted upon by our elected officials.
Recently several shareholders have attempted to have their stock certificates verified and possibly sent to them by their respective stock broker/dealer. These Broker/Dealers have replied with various versions of “We cannot verify the authenticity of the certificates"
We ask all the people mentioned above. How can they not "Verify the Authenticity" of stock certificates they have sold to investors "Worldwide" Literally 100's of millions of Dollars worth.
Distinguished and Honorable ladies and gentlemen. WE humbly ask you to look into this matter and tell us how Billions of shares for SpongeTech Delivery Systems were illegally sold into the stock market. So many in fact, that stock broker/dealers can no longer "verify the authenticity" of the shares they in fact sold.
Distinguished and Honorable ladies and gentlemen. There is either a system wide failure to account for accuracy of stock sales or there are criminal elements, possibly at the highest positions on Wall St. which have allowed the Naked Short Selling or "counterfeiting" if you will of these Billions of SPNG shares?
We do not just ask this as shareholders but as your constituents. Please help restore the confidence in the American Stock Market. Investigate Naked Short Selling and enforce our laws.
Updates
September 25, 2010
The momentum is building and the corrupt brokers are finally starting to sweat. We are turning up the heat on these institutions until they stop hiding behind their blatant lies about stock certificates.
Reached 100 supporters
September 25, 2010
6 Comments
Why are the laws even there if nobody follows them? This is a joke.
Total corruption. If I did this I would be in jail before dinner.
SEC is looking the other way while they rob us blind. Need real accountability.
Enough is enough. These hedge funds are just stealing from regular people who are trying to invest. Stop the naked shorts now.
Ridiculous that they get away with this right in front of us. SEC needs to wake up and do their jobs for once.
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Share this petition to help it reach more people.
Your share link
The regulators finally blinked and admitted the fraud behind these phantom shares. We forced the system to account for its own corruption and we won this fight. Stay vigilant because we know exactly who these criminals are now.
November 4, 2010
Final supporters
This petition is addressed to all Honorable Senators of the United States of America.
To all Distinguished Gentlemen and Women of the United States Congress.
To the Officers of FINRA and the DTCC
To the Offices of the Inspector General of the United States of America
We the undersigned are shareholders of a company named SpongeTech Delivery Systems. A company that many believe is under attack by the illegal Naked Short Selling of its stock.
As ordinary retail shareholders we do not have the power it takes to force this issue out into the open. We do however have the constitutional right to protest and have our voices heard and acted upon by our elected officials.
Recently several shareholders have attempted to have their stock certificates verified and possibly sent to them by their respective stock broker/dealer. These Broker/Dealers have replied with various versions of “We cannot verify the authenticity of the certificates"
We ask all the people mentioned above. How can they not "Verify the Authenticity" of stock certificates they have sold to investors "Worldwide" Literally 100's of millions of Dollars worth.
Distinguished and Honorable ladies and gentlemen. WE humbly ask you to look into this matter and tell us how Billions of shares for SpongeTech Delivery Systems were illegally sold into the stock market. So many in fact, that stock broker/dealers can no longer "verify the authenticity" of the shares they in fact sold.
Distinguished and Honorable ladies and gentlemen. There is either a system wide failure to account for accuracy of stock sales or there are criminal elements, possibly at the highest positions on Wall St. which have allowed the Naked Short Selling or "counterfeiting" if you will of these Billions of SPNG shares?
We do not just ask this as shareholders but as your constituents. Please help restore the confidence in the American Stock Market. Investigate Naked Short Selling and enforce our laws.
Updates
September 25, 2010
The momentum is building and the corrupt brokers are finally starting to sweat. We are turning up the heat on these institutions until they stop hiding behind their blatant lies about stock certificates.
Reached 100 supporters
September 25, 2010
6 Comments
Been watching this stock for months. The manipulation is so obvious it hurts. Fix the system!!!!
Why are the laws even there if nobody follows them? This is a joke.
Total corruption. If I did this I would be in jail before dinner.
SEC is looking the other way while they rob us blind. Need real accountability.
Enough is enough. These hedge funds are just stealing from regular people who are trying to invest. Stop the naked shorts now.
Ridiculous that they get away with this right in front of us. SEC needs to wake up and do their jobs for once.
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Been watching this stock for months. The manipulation is so obvious it hurts. Fix the system!!!!