Spongetech Delivery Systems Inc (fka SPNGQ)

[shajandr]

Can't relist a nothing.

[Taurus69]

!spng relisting?

[shajandr]

There is no shell anymore. Nothing to buy.

[KLee]

Shell being purchased yet with shares intact?

[Taurus69]

!spng relisting?

[shajandr]

And there ya go - stack up all those bullshit 'relisting' posts and you have a ZERO.

[dss19552002]

Tomorrow at 12:20PM. If it doesn't happen then, it won't happen.

[Taurus69]

!spng relisting?

[TheFinalCD]

my account just shows 849109103


im pretty sure that is my spng shares

were my shares


l;ol

[Taurus69]

!spng relisting?

[lucky, mydog]

The SEC tried to revoke our shares,

and they did.

and the Bankruptcy Judge denied the revocation.

the judge has no authority to do that.

this is over.

[shajandr]

JAY P. BOOTH lost all his munny in SPNGQ. Pays to read the rules BEFORE buying stuff like OBVIOUS PENNYSCAMS like SPNG.

Too late now - his munny is G-O-N-E and it ain't never comin' back.

FACT!

All JAY P. BOOTH can do now is piss and moan and wait by the mailbox and phone for Steve Mnuchin to gett back to him after all the letters JAY sent to him over the years.

[cowtown jay]

The Nevada law is extremely unfair to the issuer. It should be struck down. It's nice that the shareholders can be reimbursed for their loss, but the issuer is a victim, just as the shareholders are.

Incredible incompetence by Nevada regulators. They should go after the people who illegally sold shares short, and the brokerages who allowed it.

[highlandernew]

cowtown_jay, SpongeTech INVALID shares can-be made-VALID like it was done recently with XMET?:

When they were INVALID?:

https://www.sec.gov/Archives/edgar/data/1819006/000121390020026664/ea126845-1012ga1_xxstream.htm

But now they are VALID again per more recent filing than the one above?

What are your thoughts about this?

[cowtown jay]

The SEC tried to revoke our shares, and the Trustee agreed with them. But we argued and the Bankruptcy Judge denied the revocation. At least we have a record of holdings by the brokerages, who said they couldn't verify the authenticity of the shares that they sold to us.

[cowtown jay]

He was with BMA Securities.

[highlandernew]

cowtown_jay, wasn't Avi MIRMAN with BNP-Paribas or BMA-Securities during his SpongeTech involvement?

Oh?!

What are your thoughts about this?

[highlandernew]

MY-SpongeTech shares EXIST IN my-ACCOUNT, at-my BROKER?

ALL of MY SpongeTech shares are still there and EXIST?

Just waiting on a CUSTODIAN like David LAZAR, to restart the company?

Because MY shares ARE there, right? i.e. it EXISTS?

SEC don't make things that EXIST stop EXISTING, right? This is not their MISSION, right?

What are your thoughts about this?

[Taurus69]

!spng relisting?

[Snug Harbour]

Does this pink pos even trade?

[dss19552002]

What are you talking about? What does this have to do with the former company Spongetech and the former stock SPNGQ?

[shajandr]

JAY P. BOOTH has lossed all his munny in SPNGQ.

Never to be scene again.

Whatashame. Whataburger.

Mebbe Whataburger is hiring the elderly?

[Taurus69]

!spng relisting?

[cowtown jay]

I'm familiar with Greenberger's denial of a theft loss deduction, but I have not heard if anyone else tried to take the deduction, other than you.

Regarding your allowed theft loss deductions in the other cases you mentioned, were charges filed in those cases against any individuals or entities that were not company insiders?

In SPNG's case, I'm only aware of the SEC/DOJ trying to recover the $52M made by insiders.

[badshah]

Has anyone been able to successfully apply the "theft loss" deduction for Spongetech under Schedule A of their tax filings ?

This article (https://www.parkertaxpublishing.com/public/tax-pump-and-dump-stock-capital-losses.html) explains why it was not allowed in the case of Robert and Penny Greenberger, who bought their shares through that crook Douglas Furth...

I have tried to take this deduction several times with IRS but they have denied each time. I have, however, tried the theft loss deduction in the case of many other stocks such as USXP, LLEN, NEWL...and the IRS has allowed those losses to be deducted as "theft losses"...back in 2013 I heard someone successfully obtained a theft loss deduction for SPNG...Anyone ?

[shajandr]

JAY P. BOOTH has lossed all his munny in SPNGQ.

Never to be scene again.

Whatashame. Whataburger.

Mebbe Whataburger is hiring the elderly?

[flaflyersfan]

Taurus69, there is no such thing for a revoked stock like SPNG. EOM

[Taurus69]

!spng relisting?

[Taurus69]

!spng relisting?

[dss19552002]

Why would it be relisted? No company, no stock. Simple. Good luck.

[shajandr]

All DaMunny is LOOOONG G-O-N-E.

[Zorax]

I don't see why not.
The otcm should put it up on pink no info expert tier.

[Taurus69]

!spng relisting?

[Whiplash_Investor]

You mean, write you. Hey Klee.

[cowtown jay]

Good to see you, KLee!

[KLee]

I agree!

[cowtown jay]

SEC charges BNP Paribas Securities with Reg SHO violations

https://www.sec.gov/litigation/admin/2020/34-89177.pdf

"On the basis of this Order and Respondent’s Offer, the Commission finds
that

Summary

1. This matter concerns BNPP’s violations of Rule 203(a)(1) of Regulation SHO,
which prohibits lending shares to settle sale orders marked as “long.” From April 2016 through
July 2016, BNPP routinely loaned a hedge fund prime brokerage customer (the “Hedge Fund”)
securities on settlement date to settle purported “long” sales. These sale orders were all executed
away from BNPP at another broker-dealer (“Broker-Dealer A”) on behalf of the Hedge Fund."

None of the three Issuers who were impacted by this was SpongeTech. But, BNP Paribas was a participant in SpongeTech's market.

The SEC's response was also what they Ordered in the SpongeTech case.

"C. BNPP, shall, within 14 days of the entry of this Order, pay a civil money penalty in
the amount of $250,000 to the U.S. Securities and Exchange Commission. The Commission may
distribute civil money penalties collected in this proceeding if, in its discretion, the Commission
orders the establishment of a Fair Fund pursuant to 15 U.S.C. § 7246, Section 308(a) of the
Sarbanes-Oxley Act of 2002. The Commission will hold funds paid pursuant to this paragraph in an
account at the United States Treasury pending a decision whether the Commission, in its discretion,
will seek to distribute funds or, subject to Exchange Act Section 21F(g)(3), transfer them to the
general fund of the United States Treasury. If timely payment is not made, additional interest shall
accrue pursuant to 31 U.S.C.§3717."

Again, in my opinion, this is a conversion of investors' funds.

[dss19552002]

It will never be relisted. Why would it be? The symbol was deleted, and the cusip suspended. The shares are there, but they are worthless. Just declare them worthless, or have the brokerage get rid of them for you and take the tax loss. That's the only real value left for them. Not sure what the ebay link is for, as the company no longer exists.

[highlandernew]

Taurus69, I-have my SpongeTech-SHARES? Renamed-to a weird-number, in my account, at my online broker?

What's the problem?

I HAVE IT?

These are not VIRTUAL or NAKED/UNEXISTING property?

So yes, RELIST IT?

IT'S THERE, I HAVE IT, IN MY PROPERTY?

https://www.ebay.com/itm/SpongeTech-Car-Wash-System-3-Pack-Combo-Soap-Wax-Degreaser-Chamois-NEW/202582001739?epid=1547313231&hash=item2f2ad4084b:g:ZRYAAOSweI1cUixM

What are your thoughts about this?

[Taurus69]

!spng relisting?

[enlightenedoneiam1]

My restitution check is $117.75 since June 8, 2018. In 2 years the total amount in restitution I have received is $117. I went to work in those 2 years and earned over $20,000 working in 5 different warehouses. That means in those 2 years I need over $20,000 to live. So far, I have received $117 on restitution.

[Taurus69]

!spng relisting?

[shajandr]

I see dpilon is back. What nonsense.

[flaflyersfan]

highlandernew, people bought and sold SPNG stock in the open market;

Some people made money selling their shares to other people who thought it was better to buy the shares. People that did not sell the stock they bought from someone else before SPNG stock was revoked are owed nothing. As Zorax stated nobody is trying to recover anything.

Good luck

[Taurus69]

!spng relisting?

[cowtown jay]

Court-appointed shareholder Estate Representatives were granted subpoena power to obtain a list of shareholders, electronic bluesheet trading records, etc.

In the criminal case, the DOJ did not place shareholders on a claim, or contact shareholders to get on the restitution list. They issued a public statement instructing shareholders on how to get on the list. Shareholders should not have had to self-identify themselves to recover their money.

[highlandernew]

Zorax, in other-words?: You DON'T want United Statesian to get Justice and Repair for loss from fraudulently obtained funds?

You actually fight AGAINST United Statesian healing?

Wow?

What are your thoughts about this?