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This is a joke. Steven Moskowitz should be hung and his head placed on a stick. I am only here because I am tired of receiving spam emails from iHub. I just logged in to close my account.
Too bad there is nothing anyone can do about the rampant corruption that these guys have committed. I havent looked at this stock for months, since i sold it all for around .11-.12 before the stock was halted. I know that as I continue to trade the real markets and grow my skills, money, and connections, my friends and I will try to zero in on these Moskowitz and Metter.
When I finally achieve the resources to travel without expending myself, we will find these men and confront these men. They are worthless, and they are pathetic.
I hope everyone is all over the law suit, these guys need to be brought down. As for now, This is all the energy and time I can waste here
Where can I get level two for this stock!? What is going on, why cant we see the level two?!
is it on greys?! where is this stock trading?!
Are people having trouble buying? Ive been putting in orders all morning to buy?!?! it wont execute my orders....now it has me chasing, and it still wont execute....is anyone else able to buy?!!
Has the company released the financial information owed to shareholders? How can they continue to shaft you people like this? Wher is the 10-K? have you people not been hounding management? This is a joke.
What is going on here? Looks like a sad state of affairs. Obviously its not all over, but I mean, what the heck...there is no information for the public?!!?
Get a clue at this point, if the financial statements rent coming out, there is a serious problem. Its truly sad that these men can get away with this robbery of investors. Interesting...
Hey, I dont know hows it going around here. This has really become a sad joke to me, but I know its not a joke because lots of money was involved. I told many people to buy SPNG back in the hay-day. Anyways, today my friend's securities litigation lawyer contacted me. He wanted to know if we could get a law suit going...if I had lost money. LOL, i told him maybe -$2000 if anything, i lost more money on damn rip off comisssions than anything...
But for you peoiple who have lost $100K+, or even a small firm may take on a $50K loss....dont worry...lawyers will sue these guys for you. I will be back around with some lawyer's information for you if this thing goes down like every one knows it will
I know, i dont understand what your saying...I have been reading the signs and screaming about them since they raised the A?S after lying about reducing it.
Then somehow they completely scammed everyone and tricked the Deleware SOS to have future information and create the illusion that they had some how lowered it.
I changed my mind for a quick second, but as soon as the no 10-K and then the R/S announcement,
I cant wate my time here any more, you people see that Im rarely ehre any more....I called this, I made my money, I played the Spongetech train hard....I tried to scream for all of you who couldnt realize...
But what I am saying is that it is truly unbelievable that the Press Release today will still try and convince shareholdesr that the 10-K is done....
Go to any Walgreens, all the items have been recalled. Costco Scratched them....The didnt even spell "Costco" right in the JOKE of "letter to shareholdesr"....its a shamm, they spelled "Cosco" so no one can sue them for lying about that fact, but there are still many things we will beable to sue them for...well you....
I have only made gains on SPNG....once it turned to SPNGE i lost a little, but i sold and my money is now in real stocks...I am thankfull I didnt lose, but kind of diappointed i cant sue them since i really didnt lose anything
LOL
I know 2
LOCKED OUT?! LOL, are you kidding.... HHAHAHAHA, WOW, WOW dude, people are TWISTED. PEOPLE ARE DELUSIONAL>>>>
LOCKED OUT> ??????????? uNBELIEVE bebejwkk;agj'd
omh my gof, i cant even process what you are saying?! You think people like me who sold are now locked out?!>
LOL. this is insane....
the stock is worthless...you can call any broker and ask themmmmyou will be lucky if the stock even reopens
I literally CANNOT believe that these guys are still trying to say that they are in the process of finalizing the 10-K
HHAHAHAHHA IF THE 10-K WAS GOING TO COME OUT, IT ALREADY WOULD HAVE, THERE WOULDNT BE AN SEC INVESTIGATION, LOL, THIS IS WILD THAT THESE GUYS CAN CONTINUE TO PRETEND...
I dont even understand, at this point, if your money is in SPNGE is it GONE, VANISHED, YOUR DONE, ITS LIKE GETTING ROBBED...the stock will open at .01 if the company doesnt get delisted and shut down I dont understand what these guys are trying to do? Like hold off shareholdesr from hunting them down and kkilling them?!
LIKE what is the deal? what are they trying to prove with today's press release...SHAREHOLDERS MONEY IS GONE! THIS STOCK WILL NOT RESUME TRADING. ANYONE WHO DIDNT HEAD MY WARNING HAS LOST EVERYTHING. I TOLD YOU AT .14 AND .12 TO SELL EVERYTHING AND I CALLED EVERY MOVE THES EGUYS HAVE MADE SINCE, BESIDES THE SEC TRADING HALT, I CANT READ THE SEC AS WELL...BUT THE DELISTING BY FINRA WAS OBVIOUS. THERE IS NO 10-K COMINNG.
HAHHA, this is insane that this is how messed up our country is, LOL
HAHHAHA WOWOWOW
WOW, SHADY, THE MONEY WAS FROM RMENTERPRISES.
I just sent Moskowitz 475 text messgaes telling him he was going to jail.
DId the same to Bil Young a few weeks ago.
DOnt worry, i didnt put in to much effort. It took me about 3 minutes to tpye int he settings for the program my friend wrote for the text message spammer.
These guys are going down hard. The SEC is involved now. Its a new day and age for the SEC. They cant contniue to be made to look like the horse on the losing end every time...word on the street is they are going to make an example out of Moskowitz since they have so much paper and money involved.
The OTC, NSS, and Market Makers were never worried. They knew this was how it was going to do down the whole time, thats why they were able to sell us shares all day long.
uh, not that suspenseful, do you really think Spongetech would have wasted time with that PR if they were going to have the 10-K issued?
LOL, these guys are a SCAM. Unreal they can get away with this...
Cant waste any mroe time here, its funny, on a friday night, we are in an out, cooking, and although our money is so far away from Moskowitz's grasp, we still just cant gawk at the fools here on this board, and I think more than that, we are gawking at the fact we sold at .115-.13 LOL, wow, now I could buy twice as much as if I even wanted too, LOL, I was insane, I let the confidence go to my head all the money I made in the general marekts from the March lows, and the April rally, and then Spongetech popped in MAY, wow, i was holding a few shares from .04 and .05 but man, when they started rolling ,of course many of the main positions I had were between .09 and .12...
Still was easily a 100% on the $20K and $30K, sometimes $55k when I got crazy...I passed up on the 100% then the 70% gain when the R/S was announced, LOL, then the 40% gain when the "E" got added to the end, LOL, then I was about to pass up on my 10% gain< LOL, wow, and to think where I would be if I hadnt have sold...
-%50 and a PR informing they will be delisted in 14 days. lol
sorry guys, LOL, what a bunch of scammers,
I GUESS WHAT IM TRYING TO SAY IS, TAKE YOUR MONEY HERE AT .06 AND .05 AND LET TEHSE GUYS TAKE THE LOSS, MOSKOWITZ AND METTER.
dont let these guys take the money and run. dont hold out for these fools., we all thought, well these guys couldnt be lying, they could, but why, why would they be so ignorant, greed has really corrupted here? (not money, but greed) why did these guys not just run a legit buyback program like they claimed, have a real future.
we all know hwo these things play out, everythign stalls, nothing happens, yyou know nothing, stock bleeds to .000s and then you get a 5 line press release saying Management regrets the situation.
LOL
I love seeing everyone sitting here. What we should do is use this board to mobilize some type of law suit against these fools and
These are the same things I was screaming months ago.
If SOMEHOW, the inexplicable reasoning behind why AYME SECURITIES has taken such an absurd loss....if SOMEHOW, this were a buy out, and SM and MM came away clean, this would be, in the history of all time, WHY AM i EVEN WASTING MY TIME...
these dudes are crooks, i called it last night that the stock would be delisted so that Moskowitz wouldnt have to provide any financial filings...
no D&T, now think about it, does D&T AND DELISTING MAKE SENSE.
IT DOESNT, D&T wouldnt THIS IS A JOKE WHY I AM EVEN WASTING MY TIME HERE.
EACH AND EVERY DAY I WILL CONTINUE TO LOOK HERE, AND WATCH THE SHAREHOLDESR TAKE BLOW AFTER BLOW.
THE 50% LOSS FROM .06 TO .03. THATS GOING TO BE REAL GREAT...
NSS ABSOLUTELY IS A GREAT GAME, IT ABSOLUTELY ALWAYS WINS, AND THESE GUYS HAVE UNLIMITED BUDGETS....THEY NEVER LOSE, ITS ALL INSANE, I WILL SURELY FIGURE OUT HOW TO BE NSS ONE DAY AS MY CAREER PROGRESSES.
This is what I told the board months ago. Bill Young is an absolute joke when it comes to humanity. He will become a criminal very soon.
LOL, Ill believe it when I see it. There is no 10-K coming out for you guys.
Moskowitz is going to run Spongetech into the ground once it is on pink sheets and accounting doesnt have to be accounted for...or even displayed to shareholders...
Oh Yea? Why, what else is going on? Another company has openely accused Spongetech in a filed document with the SEC?
HAHA, what else am I missing.
Watching Michael Metter and Moskowitz bite the curb hard is going to be the pleasure of a life time.
Ya know what, if they are legit, I sure wont miss the rally of a lifetime...but at this point its all too obvious...
The stock is on sale every hour for less than .10
Mind you, this stock, I think any technician here would agree, the extended uptrend has now become an extended down trend.
New lows and lower highs...and its all completely obvious why fundamentally, this stock is worthless...lets BEGIN
SEC INVESTIGATION
300BILLION A/S
DELINQUENT FINANCIAL STATEMENTS
PAST AUDITOR HAS HAD LICENSED REVOKED
PRESENT AUDITOR WOULDNT SING THE 10-K MOSKOWITZ TRIED TO FILE
REVERSE SPLIT
NO REVERE SPLIT
SPNG IS NOW 'SPNGE'
MOSKOWITZ NOW AVOID ENTERTAINING ANY INFORMATION RELATING TO THE SHARE STRUCTURE OF HIS COMPANY
MICHAEL METTER DENYS HAVING ANY CONNECTION TO RM ENTERPRISES
STOCK HAS LOST 70% OF ITS VALUE SINCE THE R/S ANNOUNCEMENT, WHICH ENDED UP BEING UNTRUE.
THE MANAGEMENT ARE DOCUMENTED LIARS
IF YOU CALL SPONGETECH, THE SAME PHONE LINES THAT THEY SHOULD BE USING TO CONDUCT BUSINESS, NO ONE WILL TALK TO YOU, KNOWING WHETHER YOU ARE A CUSTOMER OR SHAREHOOLDER, DOESNT BODE WELL FOR BUSINESS
DO I GO ON...NO I WILL WASTE NO MORE TIME HERE TONIGHT
OR IT MIGHT MEAN THAT IT IS THEIR LAST DITCH EFFORT TO UNDERMINE SHARE HODLERS BEFORE THE STOCK IS WORTH LESS THAN .02
WOW
dude, the bottom line is, no matter what mods here will have you believe, is that when the 10-K doesnt come out, and the SPNGE stock, what ever the F it is at this point, the worthless peice of digital paper, LOL, SPNGE will be de-listed to pink sheets, and the company will never owe shareholders a single fact about the way the company is run.
LIKE I SAID, TRULY A HOME RUN IN THE MAKING
THESE GUYS WILL CONTNIUE TO USE THE BATHROOMS ON YOUR FACES UNTIL THEY ARE LOCKED UP FOR FRAUD. BELIEVE THAT.
LOL, I see spongetech has filed a lawsuit against GetFUGU to make it appear as if it isnt money laundering....
IT appears that Steven Moskowitz can tell you that he is still paying out money left and right to the NFL for advertising, but he sure cant give you a financial statement that shows any sort of audited financial activity for the company throug out the past two years....PRICELESS.
SPONGETECH, TRULY A HOMERUN IN THE MAKING
HAHA, I can agree with you, I really hope the SEC somehow prevents Moskowitz from putting out a 10-K so that the company has to be delisted.
HAHA man, things change, people change their position all the time. That was ages ago, when the things that management was telling shareholders seemed legitimate. THAT WAS BEFORE THE MEN LIED ABOUT THE A/S AND NOW HAVE GONE 2 WEEKS DELIQUENT ON A YEAR END FINANCIAL STATEMENT IN THE MIDST OF WHAT THEY CLAIM TO BE THE MOST ENORMOUS GROWTH PERIOD IN THE COMPANY'S HISTORY.
Now the company cant even produce a single document proving what they have been saying, and they cannot find a single auditor to back up their financial statements. Things have changed man, things have changed, there is no longer a bullish scenario for Spongetech. The writing is right infront of you, in the price action of a stock. do you fools who think SPNGE is going higher, do you really think that SPNG losing 70% of its value from .224 to .068 is a coincidence? Get real people.
Anyone who thinks D&T is working on Spongtech's books has no idea what they are talking about
You chuckle when you read the board....I chuckle when I look at the price of the stock, LOL.
The TAPE TELLS THE TALE.
You also forgot about Sears in Canada EARNINGS WERE DISMAL, FOOT TRAFFIC WAS AT ALL TIME LOWS, AND THE OUTLOOK BY SEARS WAS MISERABLE AT BEST. ADD KROGER TO THE LIST, WHO'S EARNINGS WERE ALSO GRIM, DOWN RIGHT BAD. (these are two main distributors for SPONGETECH right?)
Its an absolute joke that these guys continue to give shareholders 2 line press releases instead of the audited financial statements from the years past.
Its a delight watching Moskowitz's company go into the ground. Its truly a pleasure to know the SEC already has their finger on this poor fool.
the 10Q!?!? SPNGE is down 80% from its highs because MANAGEMENT STILL HAS NOT RELEASED THE FINANCIAL STATEMENTS THAT WERE DUE MONTHS AGO!!!!!!!!!
UNREAL
Its like, the SEC could come out and tell you people that Moskowitz has just committed some of the worst fraud in history, that is is going to go to jail, and that the company is going to be shutdown for securities violations, and you fools would still be sitting here trying to find a good way to spin it, and trying to convince others that this is an ideal buying opportunity...
ITS ALL BUT OVER FOR THESE GUYS, REMEMBER THESE LAST DAYS...YOU WONT BE TRADING SPNGE MUCH LONGER...
THE DAYS ARE NUMBERED.
HAHA DUDE, DONT GET ON ME LIKE I SOUND LIKE A WOMAN OR CRA LIKE THAT...
LOOK AT THE SITUATION YOUR IN IF YOUR A SHAREHOLDER. the price is down 80% since the R/S announcement, 50% since the 10-K went delinquent...down another 30% after the R/S didnt take effect...
The A/S is noW 3 billion and the management is under investigation....
THE PRICE OF THE STOCK SPEAKS FOR ITSELF....IT DOESNT TAKE A GENIUS TO FIGURE OUT WHAT IS GOING ON....
THE TAPE TELLS THE TALE....0623....GOING UNDER .05 TODAY....
ENJOY....
I feel so sad for you bagholders... Still No 10-K?!?
Truly a sad testimony to American markets and investors alike.
Truly pathetic management thinks they can get away with perpetrating these crimes on innocent investors.
I will be ready to fight the good fight, and file lawsuits and make sure these men see jail time when this is all said and done...
Ill be checking back time and time again. its sad that the moderators here will still have some believe that there is nothing to worry about...
The company is under investigation, the management cannot release the 10-K, and the PPS is going into the ground...What do you think is going to happen today....the PPS is going to continue to go lower...
More than anything, it will be pleasurable to see a PPS under .01 to show management that no one trusts them...These guys deserve to loose it all after what they have done to you investors.
I dont know what is going on around here, SPNGE down 8%...STILL NO 10-K...Management surely totally destroys a golden opportunity for shareholders and themselves alike....
Headlines across business media today are screaming, "MERGER MONDAY" J&J, XEROX, and many other corporate players buying up small cap companies left and right. Many analysts say going forward, corporate balance sheets have record levels of cash, and Merger & Acquisition activities are at all time highs...This is truly sad that Michael Metter and Steven Moskowtiz could be so ignorant as to how to run a legitimate company. WE ALL REALIZE HOW EASY IT WOULD HAVE BEEN FOR THESE GUYS TO JUST RUN A LEGITIMATE BUSINESS, NOTHING SPECIAL, JUST SELL SOME SPONGES, BE BOUGHT OUT, BUT INSTEAD THEY MANAGED TO ATTRACT AN SEC INVESTIGATION. Its real obvious these guys are in over their heads, just through the fact they they dont even really have any idea what to do now. Their responses up to this point have been sup=par and sketchy...and the way they released PRs during market hours, then released information about the investigation in 2 lines of an 8-K issued on a friday afternoon....its quite easy to see when things dont add up to a whole pie. MOSKOWITZ DEF BEEN EATING YOUR PIE BEHIND CLOSED DOORS.
We shall see how this plays out, but at this point, its becoming a joke. Markets screaming higher around the globe. Sustained economic recovery on the way, SPNGE gets a SEC investigation.
I really hate management what they have done to people who put confident belief in them...I cannot even imagine what a nightamre it would have been to be a shareholder this weekend.
You people really need to statnd up to managemet, but i guess theres nothing to do when these fools under investigation have all the voting power. Good luck guys, DAQ-100 is treating me nice today. screw the crap a I put up with for SPNGE.
http://www.spongetechusa.com/
Mike Beauregard is the man who runs the site. He use to have direct contact with the management team. He is the one who told me M. Metter has resigned and shareholders will receive formal word this week.
Boxing Promotions are some of the most classic and most popular fronts to launder money. THINK ABOUT THAT ONE.
ALSO, ITS SO OBVIOUS ABOUT THE GET FUGU....hahah
Ok, so Morowitz gives them 1.7 million, out of $4 million.
This is right when the SEC announces the investigation...Then getFUGU says, "No, Not only do we not want the money, we wont be returning the $1.7 million Spongetech already gave us."
Well How convenient for a COO and a CEO who's books are now under investigation by the SEC. These guys were simply unloading money so that the assets wouldnt be frozen in the SEC investigation...
ALL THE INVESTMENT IN GET FUGU WAS WAS A WAY FOR MOSKOWITZ TO LAUNDER SOME OF THE MONEY OUT OF SPONGETECH BEFORE THE SEC GETS INVOLVED.
What is seriously shady and sad is that if Spongetech does become shut down, de-listed, and all assets frozen, the money that disgrunteled shareholders would sue for is being laundered right out of the back door so that Moskowiz's cronies will have some extra cash when everything is all said and done. Im sure Moskwitz would love to give away 60% and retain 40% than to give 100% to the SEC and eventually back to shareholders....
Lol, its funny, he admitted that he doesnt sell that many sponges
Ship is sinking. I spoke with the person who runs a website that sells all of the spongetech sponges... he has been in cahoots with the company since the beginning. He says Moskwitz had no way around all of the lies in the 2008 10-K so he has just tried every trick in the book to just confuse the heck out of the public at large.... Metter has been trying to distance himself from Moskowitz since the SEC inquired about the auditing. He said he suspects that the company knew about the auditing problem all along, since the day Drakeford had the license revoked...SEriously, all common sense will tell you that Moskowitz knew that his 2008 10-K was a fraud and that unless he could pass it off to Robinson with out anyone saying anything, he was going down. Now it makes sense of all the desperation attempts to alter the O/S structure since the Delay of the 10-K on Aug 31. I want to see these men go down hard for these crimes
He admitted to me that he was paid in stock for his services, and he said at first, in 2008, his site only sold 1-2 sponges a week, but recently since March and April 2009, his site sells 100+ sponges a month!!!
HAHAHA 100+ sponges a month. Its all coming unglued...I hate these guys, and I am here to support and help anyone who is still long. We must stand up to management, and law suits must be filed.
Yes, I completely agree with you, about the National Advertising and the Customer Base, even the major retailers and the deal with ViaCom to sell SpongeBob, but none of this matters in light of the share structure.
The share structure is the only thing that matters to your money if you are a shareholder. Even if the Revenues are 50 million with $11 million in profits, even if all this is true, and Moskowitz has been selling shares, YOUR SHARES ARE GOING TO BE WORTH MUCH LESS!.
The Management team controls the value of the shares, depending on how many they create and allow to exist. It doesnt matter if the company is successful, and if their products sell, if they have been selling billions of shares into the market, there will be no value on your shares.
You shouldnt be so naive as to think that the value of the shares you hold is based on retail sales or customer base...the major contingency for the PPS is the magic number, OF HOW MANY SHARES REALLY EXIST.
And that is what the investigation will be investigating, the EXISTENCE of securities, and how many shares actually exist. The investigation will only give Moskowitz more of a reason to delay actually releasing the numbers.
Silly, these guys aren't smart. LOL. there is no special "meaning" LOL, wow, These guys are just trying to inflate the PPS to dump as many shares as possible before all their paper is worthless, LOL..,
Everyone thinks Im a fool for now, but when Metter's resigniation as CEO comes out this week, it will be sad.
I guess Im not trying to bash or find pleasure in the house crumbling, I just wish I could incite some type of revolt by shareholders, These guys scammed us and we should fight back.
Makes sense with a CEO resignation coming this week in light of the SEC investigation.
Moskwitz will be a lonely criminal behind all of this. Maybe that is why he is so timid and shy, nervous and half-scared in that presentation at the Nobel Conference. He seems like he knows he is making a big mistake going on camera, the more times I watch it...
Sources close to Spongetech, people who run the website, tell me M. Metter has resigned as CEO of Spongetech due to the SEC investigation.
Formal announcement will come this week. This ship is sinking fast, too funny.
I absolutely disagree. But I am no longer a share holder. Its sad that these men can continue to string along investors.
At this point, there is no time for the 10-K. Each and EVERY MINUTE that it is late is a OBVIOUS insult and fraud against shareholders. If these men have lied in old financial statements, and have blatantly lied about the buy back program, well they will be in for a rude awakening. I feel bad because they are dwindeling a company that could have very well been a huge success.
At this point, each day the 10-K doesn't come out, its obvious what is going on. Just because you go delinquent, all the sudden that means they can take their sweet time?
Moskowitz is making alot of enemies in my camp, and he is losing alot of people alot of money. He is ALMOST downright stealing it unless he can produce an audited statement proving he has been buying back shares.
Since I read the Investigation-8K, I have screamed nothing but negative things. Thinking about it for the past 12 hours, I realize that THERE IS A CHANCE, that the SEC investigation could not be a bad thing.
I am not a shareholder, and I wont ever be until a 10-K comes out.
Its truly sad that these men can lie to shareholders about many things, now many of which there is no proof in sight...
Shareholders need to press Spongetech for the 10-K