Still funny as hell. Doug Furth has axed JAY P. BOOTH of Rhome, Texass (USA) for remuneration for his losses in SPNGQ.
JAY P. BOOTH has nott responded.
Of course. This was 10 years ago…. Lol
SPNG what a lesson valuable learned
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 92478 / July 23, 2021
Admin. Proc. File No. 3-20345
In the Matter of SPONGETECH DELIVERY SYSTEMS, INC.
ORDER TO SHOW CAUSE
The Securities and Exchange Commission (“Commission”) issued an Order Instituting Proceedings (“OIP”) on May 27, 2021, pursuant to Section 12(j) of the Securities Exchange Act of 1934, against respondent Spongetech Delivery Systems, Inc. (“Respondent”).1
On June 24, 2021, the Division of Enforcement filed a Declaration of Gina Joyce, which established that, pursuant to Commission Rule of Practice 141(a)(2)(ii),2 service of the OIP was made on Respondent on June 2, 2021.
As stated in the OIP, Respondent’s answer was required to be filed within ten days of the service of the OIP.3 As of the date of this order, Respondent has not filed an answer. The prehearing conference and hearing are thus continued indefinitely as to Respondent.
Accordingly, Respondent is ORDERED to SHOW CAUSE by August 6, 2021, why the registration of its securities should not be revoked by default due to its failure to file an answer and to otherwise defend this proceeding. When a party defaults, the allegations in the OIP will be deemed to be true and the Commission may determine the proceeding against that party upon consideration of the record without holding a public hearing.
If Respondent fails to respond to this order to show cause, it may be deemed in default, the proceeding may be determined against it, and the registration of its securities may be
revoked.4 Upon review of the filings in response to this order, the Commission will either direct further proceedings by subsequent order or issue a final order resolving the matter.
The parties’ attention is directed to the most recent amendments to the Commission’s Rules of Practice, which took effect on April 12, 2021, and which include new e-filing requirements.5
For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Vanessa A. Countryman Secretary
Write to JAY P. BOOTH and demand a refund. Or at least a pounder pastrami sandwich (specify extra-lean because JAY uses he extra-fat pastrami). It is how he is able to maintain his girlish figure.
STEVEN MOSKOWITZ and MINDY MOSKOWITZ are having hot panini-style sandwiches of leftover Passover ham and cheese.
And working on that 10-K.
Quote Mindy: "Thanks for the munny, Jay. It bought a really delish spiral cutt ham and a block of aged cheddah from the UK. It made the perfect Seder."
The corporation no longer exists. AND the SPNG ticker has been cancelled by FINRA.
Yes there are only so many ticker symbols and eventually the old delisted ones will be wanted by someone with a similar company name , etc.
I have evidence, it is posted here, it is easy to find. Not pumping or bashing. Evidence of "SPNG" in your account doesn't say that this could be traded. Nor does it say that this will be "relisted". The fact is that the symbol was almost used, I linked to the SEC filings about that, by another company. I had numbers and not the symbols in my account when Thornburg Mortgage went Chapter 11 and was delisted. I eventually had to have the broker clear it from my account. Those capital loses offset some gains that year. That may be your best option, but it will stay there as long as you want. You can also check the FINRA site as well, that will help some. Your broker too could give you more information as well.
Just for information, another stock, BRVO was delisted, and the symbol was reassigned. Both boards can be found if you search IHUB for those. I really wasn't involved in either of those stocks, though.
As long as SPNG appears in my account it is still there! Do you have any evidence that it is gone or are you just blowing hot air.... tell me.
In fact, the symbol SPNG is available for use by other companies. Spinning Eagle changed it's name and decided to use a different symbol, but Spongetech Delivery Systems is not coming back, nor the stock. If SPNG trades, it will be a different stock, a different company, and not this stock.
Sorry, SPNG is gone never to return unless the symbol is reused by someone else. The shorts don't matter. The stock will not be relisted, and there is no evidence whatsoever that it will return. That is 100% true. Do you have any actual evidence that this will return? You have provided nothing to even suggest that it is possible.
You r wrong ....... both stocks were massively shorted by more or less the same set of actors. I’ll bet that SPNG get relisted this year. Wait and watch.
No it doesn't. SPNGQ is gone. No chance of relisting. What makes you think that it can be relisted. Another company with a completely different situation isn't a good example. SPNGQ is gone.
GBDX got delisted and relisted.....so SPNG has good chance to get relisted, in 2021,
SPNG IPO coming out soon.
Spinning Eagle Acquisition Corp. They filed an S-1 with the SEC December 23, 2020. So, that means that this stock is not relisting. That will be the company with this symbol, but it isn't a relisting. It's reusing the available ticker symbol.
So, short answer, no relisting in 2k21.
Only possible inside the addled brain of a person with a stuck keyboard that otherwise keeps posting ".01 with news" all over creation.....
AMAZING - seeing so many of the old names saying the same ignorant things.
If anyone wants a Corporation - and even 100% of the stock you can make one for a few hundred dollars.
IF YOU WANT AN AGED AND EXISTING ONE - even with credit and banking history -
YOU CAN BUY THEM too...thousands of them - most anywhere (state/country), and many with different level of past or current stock or debt trading acceptance. One of the many things the totally wacko ignorant accwholes eding to continue with it have always ignored. (Although when I first noted it years back - I was surprised how many responded with amazement - and I gather actually understood and change their ways....maybe brought one for a few 100 or 1000 and tried to get some of the jackwacks here to buy some shares in!)
And to be clear - the corporate shell of SPNG - with it terrible history and debts - was totally dissolved (ashes to ashes, dust to dust) in the whole mess. YOU COULD MAKE A NEW DEBT FREE CORP - or buy an existing on with good everything and rename it. Of course why you would want a toxic business name only makes sense to the really really dumb).
Any search anyplace "buy shelf corporation" "Buy corporate shell" whatever you prefer:
There is no shell anymore. Nothing to buy.
And there ya go - stack up all those bullshit 'relisting' posts and you have a ZERO.
my account just shows 849109103
im pretty sure that is my spng shares
were my shares
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.
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.
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.
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.
cowtown_jay, SpongeTech INVALID shares can-be made-VALID like it was done recently with XMET?:
When they were INVALID?:
But now they are VALID again per more recent filing than the one above?
What are your thoughts about this?
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.
He was with BMA Securities.
cowtown_jay, wasn't Avi MIRMAN with BNP-Paribas or BMA-Securities during his SpongeTech involvement?
What are your thoughts about this?
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?
In a search for a contractor to replace my roof I had 5 estimates provided from 5 different companies. STEVEN MOSKOWITZ of Renovex LLC gave me the best price by over a couple thousand dollars. This was too good to pass on, so I hired Renovex to do the job.
Steve immediately demanded 60% of the cost to be paid upfront. I was hesitant so I told him once the material arrives on site I would give him the 60%. He rudely told me "I am not a bank, and I won't lay out that kind of money." We eventually came to an agreement. The following day, 80% of the material arrived and so I paid him in good faith. That was my second mistake. My first mistake was hiring him in the first place. I was initially promised that the entire job would be completed in 3-5 work days. Over the course of 3 weeks I've heard one excuse after the other. It went from bad weather (which never came) to family emergencies, to sick days (6 in a row, with no communication) This company left my roof unprotected which lead to a semi-major leak in multiple areas of my home. I am currently in the process of filing a claim against his insurance, which I'm beginning to think is fraudulent. I have gotten no where. After over three weeks from the start date they were only competent enough to complete 45% of the job. I had finally had enough of the excuses and contacted Steve. I told him I have no other recourse at this point. I need to hire someone else to complete the job. His response was, "Why didn't you tell me that my workers haven't been there in over 5 days? You are just trying to steal my materials and I will see you in court!" As if I'm responsible for managing his labor force. Save yourself the headache, don't use Renovex LLC for ANYTHING! It was a waste of my time and money in the long run. It was the least professional management I've ever dealt with in my entire life. PLEASE DON'T BE TEMPTED BY THE LOW COST, IT IS A FACADE THAT IS WELL WORTH AVOIDING!
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