"We had such a great response from the AAPEX show last year, which resulted in orders from retailers around the globe, that it was imperative for us to participate again this year."

"Last year, there were 12,000 international and 40,000 domestic buyers at the show."

Hey maybe Patch should find out who all these buyers were and start calling!?

http://www.semaonline.com/ExpocadVr/shows/fxsemashow09/

Go to Exhibitor List on the left, scroll down and click SPNG, will take you right to booth. Nice size and location. Man this is one elaborate P&D, actually advertising and selling products just to sell penny shares on the grey market, with the SEC looking over their backs, man these guys are ballsy! lol!

Lord man, the trust is in his name for his children, want to take an educated guess on who bought them?

Consider the 150mil buyback. To be fair, the buyback was raised to 150, most likely because the 100mil was already bought back. So an extra 100mil shares to be retired or handed out to friends and family, but the form 3s don't indicate that many shares being held by insiders and family. So my guess is the extra 100mil or 150mil shares was an investment in the stock already held, thus probably being retired.

He bought them just as the pr stated. No one lied here. He bought them and gave them to his kids!(only way he is lying is on this form and that would be just retarded!)

"Common Stock 9,921,333 I By trust ( 1 )"

"1. Represents shares owned by the Steven & Mindy Moskowitz Trust in trust for Mr. Moskowitz' children"

Anyone got buy orders in today?

LOL, when I bought at .0145 people were saying the same thing! Then it ran to .28 and well....oops someone was wrong. What makes you think we will listen now? Like I said earlier anybody who wanted out got out....period. In fact people are still trying to BUY! Yet no shares available? Been hearing that this pump and dump is still active, yet buy orders going unfilled for hours, care to guess why that would be?

"it is clear that it is easy to manipulate the investors minds in this market."

Patch, why do you care if we choose to invest and continue to hold spng shares?

When will our "friends" learn, those who wanted to or got spooked out of selling have already sold!

yep...

sub pennies coming!
Get out on the dead cat bounce!
last phase of this pump cycle!
The cavs are in the scam now too!

LOL

look at the volume and dollar amount, ALL retail!

Someone isn't bankrupt.....oops! lol

bring it on down..... loading up soon :)

Yep you are right, otc derivatives, would be smart to look over the OTCBB as well. Alot of good companies could benefit from a clean market, companies win, investors win, jobs are created, and america over all wins. ( Then you chime in: that is what happens, naked shorting doesn't exist, and all OTCBB companies are scams waiting to be uncovered, hail the SEC for finding this nusance, and helping protect new investors!, lol)

True, but everyone has a past or some kind of wrong doing, EVERYONE! Let's hope he is on the right side here!

one of Geithner's objectives was to clean up the otc markets, if spng is the real deal no better example to use, i'd say!

Imagine if all these start up companies had an actual chance to use their stock, instead of hedge funds naked shorting them to oblivion. How many jobs would be created and how many more companies would jump on board knowing there is a safe place to get funds. Granted I know a few have been scams(legitimate ones) and the rest is just propaganda, spread on message boards, to get investors to never invest but simply trade the stock and help further degrade our markets and small businesses. Always be on the right side of the trade, I suppose but how long can this system sustain itself? You keep pushing and pushing and eventually that system will break, we saw it last year and no doubt as long as things continue on this path we will see it again!

We would see more lawsuits and whiny journalist pop up, then the hedge fund who was short would go back to the sec and cry some more and ask to get bailed out.

"If you are as passionate about this as me and many other investors, I would suggest you write your local congressman/woman, the SEC, the media, etc. to once-and-for-all rid ourselves of these parasites that exist in our not-so-free market."

Well Said, about time!

LOL protect investors, this suspension has lost 70% of our stock's value! Not only that the SEC told SPNG 4 days prior to the 10k being released to re-audit, Drakeford lost their license in mid June!!!!!! SEC dropped the ball on this one hard, they didn't protect us they !@#$ed us!

year high .3 lol!

lol, only honest and relevant post here today!

post of the day!

http://www.pcaobus.org/Enforcement/Disciplinary_Proceedings/2009/06-16-DellaDonna.pdf


1. Drakeford & Drakeford, LLC is a public accounting firm located in
Mableton, Georgia. Drakeford & Drakeford, LLC was formed in 1999, and John
DellaDonna is a partner and the only employee of the Firm. At all relevant times, Drakeford & Drakeford, LLC was licensed under the laws of the State of Georgia to engage in the practice of public accounting (license no. ACF004373). Drakeford &
Drakeford, LLC is registered with the Board pursuant to Section 102 of the Act and
Board rules.


"160. In addition, Drakeford has been involved in other fraudulent conduct before the
IRS, including signing scheme customers’ names to power-of-attorney forms and
amended tax returns submitted to the IRS, and impersonating another man, John
Della-Donna, an enrolled agent in Atlanta Georgia, in May 2008, in an effort to
represent customers before the IRS."


strange.....

you have the wrong company! Name of auditor is John A. Della-Donna! Offices located in LA, New York and Georgia

LOL that is the best one I have heard yet!

NEW YORK, March 18 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC:SPNG) (BULLETIN BOARD: SPNG) announced that the Company will start airing a new TV commercial highlighting SpongeTech(R)'s "easy-to-use" Product Cleaning Systems for the Car...

"This commercial can be seen on a variety of channels including A&E, ESPN, Lifetime Movie Network, Speed Channel and Soap Channel. The Company has received reports from its call centers that the commercials have created a significant increase in order flow since the commercial's initial broadcast. The month of March has turned out to be the best in the Company's history, including this most recent week's spike in sales activity; the Company is thrilled to report aggregated sales in excess of $13,000,000 USD." (3/31/09)

SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG) is pleased to announced that the Company has launched its new TV commercial highlighting SpongeTech’s “easy-to-use” bath sponges for children. The commercial will run nationally on a variety of cable and satellite channels including NICK, USA, TLC, USA, TNT, LIFE, TBS and HGTV Channel.(8/11/09)

The only thing I will agree with you on is were are the buyers from q1-q3 2009!(re-audited 10k will prove/disprove) Q4 is right in front of your face, Company ran a CABLE TV COMMERCIAL to directly sell their products to all of the US, you are suprised they sold 20 mil in q4 2009? They advertised the commercial and sold directly, and labeled the products "as seen on tv" to sell to the stores that stock those items( ie your cvs reference!). The commercial carried over to q1 2010 and picked up with the spongebob tv commercial, not to mention 40,000 retail locations, factor in dicon's portfolio of products, what are you missing? The explosion of revenue came with the synergy they recieved when they ran the tv commercials and labeled the product as seen on tv, that synergy marketed their items on two fronts 24/7 for nearly 5 months! explosion in revenue? well yeah they set that up pretty sweet huh?

Forgot to put in the part about how 70% of America is 50 degrees or colder, CVS sold the car washing sponge, doesn't make much sense for them to carry it now! Also the car washing sponge was labeled As seen on tv, the commercials stopped running, CVS carries these tv products because they sell huge, once the commercial was pulled so is the product!

http://www.pcaobus.org/Enforcement/Disciplinary_Proceedings/2009/06-16-DellaDonna.pdf

http://finance.boston.com/boston/?GUID=9254183&Page=MediaViewer&Ticker=PPDA

My second link was diverted to another site for some reason, wanted to re-post the info I found

edited...

http://www.pcaobus.org/Enforcement/Disciplinary_Proceedings/2009/06-16-DellaDonna.pdf

http://markets.hpcwire.com/d/?GUID=9254183&Page=MediaViewer&Ticker=PPDA

Drakeford gets their license pulled and a week later PPDA files to suspend their own stock, it gets them off the hook of filing more quarterly or annual reports. Drakeford had 5 clients including SPNG and PPDA. PPDA voluntarily delist and removes their securities from trading, and spng keeps going and insisting their numbers are legit.

June12 aka "black friday" takes a huge hit, for no apparent reason...(June 16th drakeford gets its license revoked)

My guess is whomever thought spng was somehow associated with drakeford's misconduct, started shorting heavily(hence reg-sho...buyins.net)

price ran back to .2 and company announced the r/s, potential nasdaq uplist, and huge orders coming in(very bad thing to happen if you are short)

two weeks later the slew of news pours out from under every dark corner of the reporting world, claiming anything and everything it can against spng.....securities fraud...cooked books....trading suspension(not to say the sec is involved)...class action lawsuit. coincidence!

5...4...3...2...1 autobash mode activate...lol

all IMHO!

here is the info I received awhile back, whether it is true or not is beyond me, this may have been the reason why the shorts were after spng, did the bet succeed, we will see with the re-audit of the k

Ok SPNG's auditor just had it's license revoked for not fixing an audit it did on one security... This dates back to early 2000's and at which point the auditor was very small and only had 2 clients... SPNG and PPDA..

PPDA tried to pull the wool over it's auditors eyes... and was trying to put forth information which was not true. Somehow they got the auditor to sign off on it (most likely because they were one of two clients)..

Now there is an oversight board that looks over these audits... They caught these mistakes... And looked into the audits of both SPNG and PPDA much deeper.. and found that PPDA's audits were not sufficient and that SPNG's were...

Rather then rectify this situation and fix the audit, PPDA fired the auditor to try to cover it up in 2007... THe audit was never fixed and thus the oversight board came in and suspended the auditor's license for one year.

Now... the oversight board looked at SPNG's audits, and found everything to be just fine... SO this has nothing to do with SPNG everything to do with this shady stock PPDA which is\was a client of Drake (spng's auditor)

Recently action was taken on Drake for this, and within the same time frame the SEC took action on PPDA... thus this is no longer an issue... SPNG is going to get a new auditor (already has) and nothing is wrong..

Now... it's my theory that short sellers saw this or knew about this and were banking on this to get SPNG shut down... PPDA fired the auditor where as SPNG didn't... My guess is they thought that meant SPNG was guilty... when in fact it was the other way around... They thought SPNG sounded too good to be true even though everything was done by the books..

Thus now this thing or ace in the hole they thought they had imo is gone... SPNG is fine, the Audits are fine and they will have a new auditor, which won't effect a thing...

I could see this as a major reason why nothing was covered... now that this is no longer an issue.. The shorts are in very very big trouble... they made a horrible judgement call... and lost on the bet..

Thanks No_bs, look forward to the assessment and hope to pick up a few pointers.

not reading too much into it, a filing with the sec will suffice....

april 10q
For the nine months ended
February 28, 2009
Revenue
$ 31,050,633

net income 4,910,460




yahoo lisitngs, in thousands

PERIOD ENDING 28-Feb-09 30-Nov-08 31-Aug-08
Total Revenue 13,164 12,342 5,545
(total for nine months ending feb 28, 2009 = 31,051)

net income = 4910

looks pretty much the same

The company has retired another thirty million shares (30,000,000) of SpongeTech(R)'s restricted common shares (R144) stock from RM Enterprises this week which reduces RM Enterprises holding of SpongeTech(R)'s restricted common shares (R144) to approximately 480,000,000 shares of stock. This leaves the company's shares, issued and outstanding, at approximately 700,000,000.(02/02/09)

Our third quarter ended February 28, 2009 and we expect to file our Form 10-Q with the SEC by April 15, 2009. We last updated the Company's capital structure to you on February 2, 2009 and at that time we had approximately 700,000,000 issued and outstanding shares of which RM Enterprises held approximately 480,000,000 shares. These shares held by RM Enterprises are (R144) restricted common shares of stock which legally can be bought back by only the Company itself. We have and will continue to retire as needed the remaining restricted shares held by RM Enterprises. (03/05/2009)

"Subsequent to the date of the financial statements, the Company cancelled an aggregate of 526,585,544 shares of common stock. The shares originated from the repurchase of common stock of RM Enterprises. This reduces the number of outstanding shares of common stock from 1,249,451,605to 722,866,061 shares." (04/16/2009)

The last filed 10Q contradicts the PRs in early February regarding share structurs. Irrelevant deatils, I guess.

You are really stretching here, do you know what you are talking about?

In your article you were arguing where the sales were coming from in march of 2009, were you not? Not trying to argue in the slightest, but the reason why you can't find the majority of receipts is because at that point(q4 2009) most sales were direct! q1-q32009 that is a different story completely. The re-audit will shed some light onto this.

The Company has received reports from its call centers that the commercials have created a significant increase in order flow since the commercial's initial broadcast. The month of March has turned out to be the best in the Company's history, including this most recent week's spike in sales activity; the Company is thrilled to report aggregated sales in excess of $13,000,000 USD.

The Company has received reports from its call centers that the commercials have created a significant increase in order flow since the commercial's initial broadcast. The month of March has turned out to be the best in the Company's history, including this most recent week's spike in sales activity; the Company is thrilled to report aggregated sales in excess of $13,000,000 USD.

3/31/2009, forgot to factor in direct sales from cable tv commercials, which we will see on the 10k, when/if it comes. The commercial ran nearly all spring and all summer.

lol, nothing to lose at this point, it comes or it doesn't. Tell me you know for a fact that the 10k will not come! You keep implying that we will never see it, you know this how? When will you admit you have no clue and are just guessing like the rest of us here!

LOL! touche

Drop the whole insider info garbage! lol People bought and held mainly based off the 10q in april! I did, huge revs, share retirements, not much insider info needed to tell me this was not a .0145c stock! Now the only job left is to prove to the sec, that the info was true or false, when that comes we lose it all or come out good, buyout or not! We all know soapy lied, he spread the rumor, that is all it was, I seriously doubt SM or MM would give the buyout info to anyone, if there was an offer!