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No, there were no tv advertising from sponge. You apparently saw something else or believed someone else that they saw them. There were photoshopped ads in a ball park somewhere as well. Or at least a poster mosky probably taped up personally.
The product also wasn't in stores for very long, or at all. The odds are better you saw a few sponges on the garbage endcap at walmarts.
That does not equate to a profitable product in the market. You bought any from a bargin bin. NOT in the store legitimately with true shelf space. H-Joe jerky and drinks did the same thing.
As far as the product in the stores, it was mostly one guy running around greater New York with a display case, dragging it into the store and taking pictures then running it back out. This was stated in the court docs. There are also pictures of the display case and identical boxes placed in numerous stores at the same time.
No, there was no real company. At all.
But all the criminals got off so you're correct about that.
surfmore, those who did not sell Spongetech stock before it was revoked are owed nothing. EOM
I appreciate your insight, and course I would only hope for a favorable outcome to all who lost in this due to illegal activity or miss-use of power
Actually, in my relatively-informed opinion, I think that the stock price was only temporarily deflated by illegal activity.
I think the company fully prevailed over that threat in the manner I described in a filing I submitted to the bankruptcy court judge (and which I shared here in a post regarding SpongeTech's Motive, Method, and Opportunity to defend itself).
I think the main reason for the delisting of our stock was the "LEGAL" activity of the SEC and the DOJ. However, I think these agencies grossly abused their power, and that some of their actions crossed the line into the illegal arena. And I want to hold them fully accountable for the harm they have inflicted on the 33,000+ SPNG shareholders.
If someone stole your car, would it be fair for your wife to say, “well it’s your fault you didn’t sell the car before it got stolen”?
No it wouldn’t, and that’s exactly what happened here, someone in the company store the value of my shares. It is not my fault that I didn’t sell them before they did it, and to suggest it is is completely ridiculous, illogical and stupid.
"An event that one cannot factor into by DD."
You have to be kidding.
Your joking right? I assume you are
In this case you are wrong. The stock plummeted due to illegal activity. An event that one cannot factor into by DD. It was an unfair and rigged game, so no it wasn’t my fault for not selling when all the public information I was given said it was a solid long term play. Now if it were factors out of the company’s hands, then yes I agree, but not here
Send your claim for money lost in SPNG to:
Jay P Booth
195 Private LN #4436 Rhome, TX 76078
(940) 627-2128
He is in charge of SPNG investor refunds. Include the numbers of shares you bought, the dates and prices of purchase, and a photocopy of a current brokerage statement showing that these shares are still in your account.
If there is a delay in receiving your settlement, feel free to call Jay anytime for an update.
surfmore, you bought your SPNG shares from someone else that thought it was a better idea to sell them, not Spongetech;
By not selling when you were ahead like so many others did with SPNG you have nobody to blame for losses but yourself. Why people that buy stocks and hold them forever think they are owed something when the stock vaporizes amazes me to this day.
Good luck.
I still have my shares in my brokerage account and Roth IRA account. Terrible with those guys did to so many people, I remember watching the price moving up and I couldn’t believe I had finally invested in a company that was going to deliver me incredible returns for my retirement account. I went to the bathroom and when I came back it had nosedived and there was no coming back. I thought there had to of been some kind of mistake, I was in shock, and even to this day it’s still hurts, I don’t make a lot of money, and I have a very physically taxing job so watching my hard earned money disappear was like a punch to the stomach. It still baffles me how these guys had a legitimate product, I did my due diligence, I saw the commercials on TV, I actually went to a few stores just to see if they actually had products on the shelves, and they did, I even bought some!! So this was not at all blindly investing in some penny stock scam, this company was real, and I’m sure could have been successful enough, so why? And what even happened to those guys, did the government sees all their assets and put them in jail? And how come the investors couldn’t get their money back if they stole it?
So some people actually got money back?! I still have my shares in E*TRADE. Was hoping for a miracle
varjim, SPNG shares are not coming back from the dead. EOM
JAY PATRICK BOOTH of Rhome, Texass still a MAJOR LOSER in SPNG scam.
Still waiting by the mailbox for a reply from Steve Mnunchin.
maybe new company going to use SPNG-my shares are coming back from the dead-but no value yet
I remember going into a walmart almost the same day that pictures showed up on the board from mingy stating this was a new product display, when it was the same one from like 10 other photo ops. It was nowhere to be seen and the manager had no idea what that product was.
He would take the same display and boxes - it was called a display wing or something, and go from store to store take a few shots and run out with the box. h-j-oe did the exact same thing with their drink shit. Same boxes, different stores and countertops.
Photo evidence doesn't lie, when you use their own photos to point the stuff out. lolo.
Here's a great response. Concise. Clear.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153405748
Correct. Spngq company does not exist anymore.
There isn't a stock to trade.
Mindy's page has been removed but not Jay's.
For what?
Hey, is this what moski has been peddling now since he lost all the spongebob sponges?
https://digitogy.com/ultra-moskinator-sonic-review/
SPNGQ no longer exists as a stock. You may have something in your account, but it doesn't appear to be something that can be traded. The best course of action, IMO, is to either simply declare it worthless, or there is a form to fill out with your broker to remove the stock from your account. There is no chance of any real return on investment at this point. I had this happen with one of my stocks, as the symbol was gone, but there was just a numbered entry in my statements.
SPNG does have other meanings now, it's an indi music label, it can be microsoft open source security message thing, or Southern Pacific Narrow Gauge railroad modeling. However, none of these have anything to do with Spongetech Delivery Systems. So, given this google search, there isn't much to consider with this stock.
I suppose as a holder or former holder of this stock, there are still legal actions to take against the owners of the company, but at this point, I'm not sure if there is any more restitution possible.
Good luck.
D
JAY PATRICK BOOTH of Rhome, Texass still a MAJOR LOSER in SPNG scam.
Still waiting by the mailbox for a reply from Steve Mnunchin.
Shares still on my account ???
still holding 5k shares long! and proud...
How do you figure?! Thanks!!!
I was still sleeping when I got the call from yellowdog1, I remember it as if it were this morning....
they got arrested, I still not fully awake ...said who?, he said Moski & Metter, I was like please tell me your joking, he seriously said NO, this is not a joke~!
my wife who has an amazing 6th sense woke up in the middle of the night and said OMG I SPNG is a scam, I just had a revelation, the very night before
sure enough
your post was the 1st confirmation on ihub
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=49798691
877,777 shares I owned around an average of .10
by the time I got the call, which the caller told me the news was good, they settled with the SEC, and they are going to finally release the 10-k and everything else, the price bottomed .004-.006, I was fortunate to get around $4k from my $87k
plus all the time, waiting, missing out on other stocks, borrowing money, using credit cards to cover bills, waiting for the promised 10k, and MOASS that never came
I will say that since SPNG was the very 1st stock I ever purchased in my life, it taught me a huge lesson, that I use wisely to this day...
JAY PATRICK BOOTH of Rhome, Texass owes DaBored an update on his letters to Steve Mnunchin and DaJudges.
How's da FOIA request comin'???
Taurus69, no such thing. EOM
Even the delusional JAY P. BOOTH has finally thrown in the towel on SPNG.
Nott that he suddenly gained sanity, just that he gott tired.
Steve Mnunchin's and Judge Izarry's mail boxes will be less cluttered with junk mail now.
And STEVEN MOSKOWITZ's pergola that he had built for MINDY with his SPNG munny is looking mighty fine. STEVEN and MINDY will be going on a Cunard Lines cruise on the Queen Victoria this Spring (NYC-Southampton), spending some more of that SPNG munny.
I dumped everything when it started crashing the first time.....at one point i was up like 250K and end up getting out with minimal losses.....what a scam
Seth SHAW will RE-LIST SpongeTech, or TimOTHY SYKES?
I still have my shares?
'...Seth Shaw bought his 5,000,000 shares 1 cent in Jan. 2009. Five
short months later, and "coincidentally" after Noble conference,
they were worth 20 cents. You said he did IR for SpongeTech. Did
Seth Shaw organize the Noble conference that catapulted
SpongeTech stock 2,000% higher?...'
What are your thoughts about this?
lukechen817, only those whose sold before SPNGQ stock was Revoked salvaged some of their investment;
It is hilarious to think that those who held their stock are owed something.
Good luck
i lost a bit of change here a while ago.....did anyone get any money back?
Jay, have you seen STEVEN YEHUDA MOSKOWITZ's pergola he had built for MINDY?
Fortunately, he had a lott of munny laying around, so he nott only had a pergola built for her, butt he was able to gett her potentially life-saving medical procedures too.
Nay Jay, how's that munny recovery comin' along? hear from Steve Mnuchin yett?
Mebbe more letters to DaJudges will werk?
And it was a short story - "lies and scam of the standard p&D type" - that has been extended to waaaaay too many volumes of stuff for waaaaay too long.
Taurus69, the Spongetech story has been over for close to a decade. EOM
$spngq The SpongeTech story hasn't even begun to be told.
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!
Ross G. and 1 other voted for this review
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