Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good the I hope FCI Medium is exactly what they get
Big Lug
Hopefully they never see the light of day and they're put in general population at a real prison and not some white collar country club joint
Big Lug
This isn't enough. They shouldn't be able to ever see the light of day. All the money needs to be recovered, and I don't care where it is. And the injured parties need justice served
Will any of this happen, probably not. I give it a 0.00000% chance
That's ok. When the world financial markets colapse, no one will remember this
Big Lug
Etrade is not accepting trades in SPNG
This went to the moon! And in space no one can hear you scream
Hope everyone (except the guilty scum) has a good life
Be at peace. Life goes on
Big Lug
Knew I should have invested in the Gyrobowl instead
Big Lug
Take money from these scams or take money from the scammed?
Big Lug
Why purchase Dicon unless they were planning to run the pump and dump cycle for a long long time
Big Lug
Perhaps the plan was to pump it up, sell the shares for 3X, buy them back for 1X and repeat the process over and over and over again.
Big Lug
Anybody ever think that the "Kiosk PR" that they put out was really a signal PR to tell insiders the game was up and it was time to dump their shares? I mean who puts out a PR about a single Kiosk?
Big Lug
And I just thought he was emotionally too wrapped around the axel on this stock. This is getting more and more interesting every day. I hope this investigation continues to run wide and deep to catch and severly punish all the scumbags who defrauded investors, including those who knew this was going down based on inside information and profitted from that knowlege
Big Lug
Great show right now on CNBC "American Greed"
Story about some guys using inside SEC and FBI information to make huge money shorting stocks
Big Lug
Those mason jars in my back yard are looking like a safer investment everyday
Christy,
I was thinking space aliens, but I guess in the end your guess or my guess is just a guess
I can't see how the mutt brothers could be behind it. You think it would have been counterproductive to their efforts.
Big Lug
OK Christy. Care to take a stab at how and why black Friday happened?
Big Lug
Christy,
Does anyone know the real cause behind black Friday?
Big Lug
Post of the day. Well said loanranger. Just looking for a well balanced discussion
Thanks,
Big Lug
Kitt,
Not a SPNG shill but I did purchase the car wash sponge at the CVS in Norwich CT and the Sponge Bob sponges at XtraMart in Jewett City CT and Walmart in Lisbon CT. All three stores about 140 miles from NYC
Big Lug
Not enough time. 5 years would be a joke
Big Lug
Email must be on autopilot
Big Lug
Wadi and Drew,
It's a poor attempt at a mini pump. If he wants shares so badly he can have mine
Big Lug
Kitt,
I'm not siding with M&M at all and I take full responsibility for my own investment decisions. As I stated before, I've made a lifetime of investment mistakes all on this single stock.
I'd just like the system to be more robust so scumbags can't get away with this kind of behavior.
I'm a big boy and I can handle that I f'd up on this one. Pigs get slaughtered, and I was a pig. Violated just about every rule that has guided my investment decisions for the last 20 years
Big Lug
The system made it easy for them to do it.
Big Lug
And that is why we have independent 3rd party auditors in the form of public accounting firms.
The system broke down in a number of areas.
Big Lug
What are the 14 that are still alive?
Big Lug
Why would they be buying from the Asian company when they are hardly putting a dent in the production schedule at Dicon Georgia?
Big Lug
au contraire mon frere
I completely blame myself. I have made a lifetime of mistakes on this one stock. HUGE lesson learned. The financial impact will be overcome. I put in a substantial amount, but not more than I could afford to lose. Though I did not need to lose at all if I had just stuck to my guiding principals of investing.
It hurts, but it will not break me.
This was my first penny, and will probably be my last.
Big Lug
"but man you are one dedicated SOB once you set your mind to something."
I am!
But that dedication has done me well in all my other life endeavors.
And my hatred for them is just as great as yours is for all the same reasons. If they are guilty (and I only use if because it hasn't been proven in a court), then I hope they rot in hell.
Keep up the good fight. And if that fight keeps more scammers from doing what these guys "allegedly" did, then more power to you.
Big Lug
Tex,
I can understand them being slow with the due process on the fictitious sales, but the share count side of things should have been extremely quick and easy. Obviously they were not on the SEC RADAR screen, and the SEC doesn't have a good automatic fraud detection system.
Big Lug
Then in the end I guess it's a pretty crappy system and this really is the wild wild west.
Big Lug
How about they (the SEC) create an investing environment where obvious penny stock SCAMS like SPNG can't exist?
I mean, if it was so obvious to you then it must have been so obvious to the SEC as well.
And if it was so obvious to the SEC why did they allow it to occur at all?
Big Lug
How could SPNG owe Taikone/Dicon a lot of money? I thought Taikone/Dicon barely produced any product for SPNG. Isn't that how it's laid out in the SEC/DOJ cases?
And what about the 500 pallets of Sponge products stuffed in a warehouse across the street from the Dicon facility in Georgia? That doesn't add up either.
Somewhere out there is the real truth.
Big Lug
legalegaltx, this is a possible reason...
I was told by my source that Taikone/Dicon had cut off SPNG -- they are no longer manufacturing their product, which would include the packaging because SPNG owes them a ton of money. Maybe that's why the lack of proper packaging? I guess they didn't have any extra packaging available?
Jay,
Well written and I concur with your sentiments with regards to the SEC and all of those involved in this whole debacle. And your bottom line is my bottom line.
Sincerely,
Big Lug
PS Based on the posts I have read, I have found loanranger to be a completely stand up guy.
I would also like to point out that my discussion was aimed at encouraging regulatory action that would compensate shareholders for all the abuse we have suffered. I asked the SEC to prosecute and disgorge all persons found guilty in the commission of illegal acts, whoever that may be, inclusive of all, and exclusive of none.
It would not surprise me if the three people I named were totally unaware of the facts as I presented them. At no time did I accuse any of them of being intentionally involved in a pump and dump. And I doubt that they, collectively, have the resources to implement and execute an activity on that scale.
That does not mean they, and possibly all of us, weren't unwitting pawns in a well-financed and highly orchestrated manipulation. And it is for that reason that I asked the regulators to expend the use of our tax dollars into looking into the possibility of just that.
The bottom line, loanranger, is that I want to be able to do for my family, all that it was my intention to do as I entered into this investment. An investment made with all due consideration of the fundamentals as presented at the time of the investment.
So how long will they let this thing continue to trade? What has been past practice and does that apply with the new players at the SEC and the administration in Washington?
Big Lug
A penny is better than the incremental tax write off between .01 and .0000000000
The big's are stuck! At the volume this stock has been trading since the first of the year it would take 20 months to turn over all 3 billion shares.
Big Lug
Legal,
Do they typically revoke prior to the conclusion of the civil and criminal cases or do they wait until all is proven in a court of law?
Big Lug
Kitt,
You are right.
Big Lug
The product has never sold well. All previous claims of big sales numbers was a total lie, unless you think selling a couple hundred thousand dollars worth of the gimmicky sponges was significant (see the FBI report). To top it all off, the sponges fall apart and run out of soap much quicker than the liars at SPNG claimed.
Interesting factoid.
Total shares traded between January 1st 2010 and April 30th 2010:
~615 million. I thought it would have been higher.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&SortBy=volume&Issue=SPNG&Month=4-1-2010
Big Lug
Can't say I didn't try. Let me know if you change your mind.
Big Lug
These are not "isolated incidents" or even a pattern of conduct - as the bid-rigging report this morning makes clear ripping people off has become an institutionalized practice and policy throughout the entire banking system.
Yes the do!
Big Lug