SpongeTech® Delivery Systems, Inc. “The Smarter Sponge™
(OTCBB: SPNG) announced today that BUYINS.NET, www.buyins.net, is
initiating coverage of SpongeTech® Delivery Systems after releasing
the latest short sale data to August 2009. From December 2006 to
August 2009 approximately 12.6 billion total aggregate shares of
SPNG have traded for a total dollar value of approximately $1.13
billion. The total aggregate number of shares shorted in this time
period is approximately 972 million shares. The SPNG SqueezeTrigger
price of $0.09 is the volume weighted average short price of all
short selling in SPNG. A series of short squeezes has begun as
shares of SPNG have jumped from $0.006 to $0.22 and 99% of all
shares shorted in SPNG are now out-of-the-money. To access
SqueezeTrigger Prices ahead of potential short squeezes beginning,
visit http://www.buyins.net.
Month Total Vol.
Short Vol. Avg.
Price Short $ Value
12/29/2006 150,000 11,550 0.2075 $2,397 1/31/2007 179,000 13,783
0.1350 $1,861 2/28/2007 535,700 41,249 0.1900 $7,837 3/30/2007
1,496,000 115,192 0.1850 $21,311 4/30/2007 4,695,154 361,527 0.1967
$71,112 5/31/2007 7,144,891 550,157 0.1950 $107,281 6/29/2007
5,250,137 404,261 0.1425 $57,607 7/31/2007 7,891,632 607,656 0.0950
$57,727 8/31/2007 6,423,566 494,615 0.0788 $38,976 9/28/2007
6,086,639 468,671 0.0902 $42,274 10/31/2007 10,565,011 813,506
0.0738 $60,037 11/30/2007 21,375,974 1,645,950 0.0525 $86,412
12/31/2007 46,577,400 3,586,460 0.0403 $144,534 1/31/2008
49,644,868 3,822,655 0.0248 $94,802 2/29/2008 90,164,328 6,942,653
0.0302 $209,668 3/31/2008 136,771,952 10,531,440 0.0273 $287,508
4/30/2008 156,957,184 12,085,703 0.0309 $373,448 5/30/2008
184,506,944 14,207,035 0.0434 $616,585 6/30/2008 143,385,424
11,040,678 0.0487 $537,681 7/31/2008 111,369,960 8,575,487 0.0439
$376,464 8/29/2008 339,945,472 26,175,801 0.0384 $1,005,151
9/30/2008 434,852,544 33,483,646 0.0338 $1,131,747 10/31/2008
418,655,520 32,236,475 0.0280 $902,621 11/28/2008 226,767,232
17,461,077 0.0273 $476,687 12/31/2008 338,505,440 26,064,919 0.0264
$688,114 1/30/2009 438,992,096 33,802,391 0.0194 $655,766 2/27/2009
423,565,856 32,614,571 0.0144 $469,650 3/31/2009 661,219,200
50,913,878 0.0116 $590,601 4/30/2009 1,227,771,776 94,538,427
0.0185 $1,748,961 5/29/2009 1,590,875,520 122,497,415 0.0320
$3,919,917 6/30/2009 2,976,228,372 229,169,584 0.1373 $31,464,983
7/31/2009 1,719,142,528 132,373,975 0.1334 $30,571,222 8/31/2009
840,376,128 64,708,962 0.1633 $10,566,973
Total
12,628,069,448 972,361,347 $0.0898
$87,387,917 *short volume is approximated using a
proprietary algorithm. **average short price is calculated using a
volume weighted average short price. ***short volume is the total
short trade volume and does not account for covers.
Click here to view chart:
http://www.buyins.com/images/spngstr8-26-09.jpg
Market Maker Friction Factor is shown in the chart below:
Date Change % Buy
Vol Buy% Sell Vol
Sell% Net Vol Friction 8/27/2009
0.0017 0.89 64,004,552 49.96 61,728,494 48.18 2,276,058 13,388,576
8/26/2009 0.0253 15.19 98,227,965 52.16 88,085,350 46.77 10,142,615
4,008,939 8/25/2009 0.0127 8.77 89,010,285 55.72 72,311,732 45.27
16,698,553 13,148,467 8/24/2009 0.0085 6.32 31,984,993 57.6
23,340,786 42.03 8,644,207 10,169,655 8/6/2009 -0.002 -1.37
35,536,303 46.23 41,065,408 53.43 -5,529,105 -27,645,525 8/5/2009
-0.0059 -3.84 27,933,395 49.92 27,740,564 49.57 192,831 bearish
bias 8/4/2009 -0.002 -1.26 16,471,046 43.57 21,228,273 56.16
-4,757,227 -23,786,135 8/3/2009 0.007 4.61 25,443,789 46.38
29,077,807 53.01 -3,634,018 bullish bias 7/31/2009 0.0096 6.79
25,415,915 48.07 27,408,610 51.84 -1,992,695 bullish bias 7/30/2009
0.0042 3.08 13,186,865 42.67 17,663,265 57.15 -4,476,400 bullish
bias
Click here to view chart:
http://www.buyins.com/images/spngff8-28-09.jpg
Analysis of the Friction Factor chart above shows that in the
trading days preceding this report that market makers have been
making a positively biased market (70% bullish and 30% bearish bias
to trading) in shares of SPNG. The Friction Factor displays how
many more shares of buying than selling are required to move SPNG
higher by one cent or how many more shares of selling than buying
moves SPNG lower by 1 cent.
The chart below shows the broker dealers acting as market makers
in shares of SPNG.
Rank Market Maker 2009 Volume
% of Volume 1 Knight Equity Markets, L.P.
3,872,172,703 42 2 E*Trade Capital Markets Llc 1,221,151,096 13 3
UBS Securities LLC 1,176,368,331 13 4 Automated Trading Desk
402,003,438 4 5 Natexis Bleichroeder Inc. 383,986,206 4 6
Archipelago Trading Services 235,191,875 2 7 The Vertical Trading
Group 222,139,136 2 8 Sterne, Agee & Leach, Inc. 197,670,966 2
9 Hudson Securities, Inc. 182,898,316 2 10 Pershing LLC 176,764,366
1 11 Burt Martin Arnold Securities 135,330,580 1 12 Finance 500,
Inc. 130,290,819 1 13 vFinance Investments, Inc. 104,622,665 1 14
Domestic Securities, Inc. 74,284,152