Yep - its a complete lack of balance in assessing the situtation and in the process they loose all creditabilty. Kinda the same thing that the SPNG management is expreincing.

Nice job of keeping the people that are on the Koolade honest.

My guess is that he has lots of money in SPNG and is rather freaked out about whats is going on. Instead of sitting back, and basiclly letting the events take their course (whether good or bad - so far not looking good) he is posting lots of wishfully thinking.

The only thing I would like to witness is the 10K - everything else is crap.

I assume that information is from your e-mails with SM. I guess, as per SM's e-mails, posted on this board, the 10K was actually filed on Wednesday along with other "good stuff", but no one has yet seen them. Only the enlighten stock prophets has seen and diegested the information and as such we are to rely on them.

Recently it has been more like a poke in the eye.

Yes I agree - but forgot to mention the key element; creditabilty of management. If management lack creditabilty the entire enterprise is generally labeled a scam.

So far all the pumper prophets - have shoved their words you know where. SPNG is not at real good place now. This is not sporting event; chearing (also booing) them will not matter.

excellent point!

Murph and company need to address the shear basics -shareholder reporting 101; which is to provide the board of directors and shareholders audited statements with tons of footnotes explaining the business and current state affairs (Bye- bye Jared double talk). Either they really don't understand their relationship to that of the shareholders or they are just flat out crooks that just want to keep the "behind scenes" game going as long as possible.

Agreed.

ElEA - you are suffering from pre-mature pumping. I would recommend lets wait to see what come out from SEC and SPNG.

True, I guess people have already made their bets. However, on Monday, if you really wanted shares I would bet you can buy some. If not I have some freinds that will sell them to you.

I would take that question up with the folks that enjoy monitoring all SPNG signs, displays in Walmart, etc. Increase in advertising by SPNG does not make it a company worth investing - likewise decrease in advertising does not making it a short/sell candidate. Many, many other factors to consider. For longs and shorts - based upon new information (by the SPNG and the SEC) or lack there of, the next couple of weeks will determine the direction of the PPS. Time always tells and SPNG is at the fork in the road - place your bets!

They need to issue the 10K and Q in order to have investor value the company, as well as come out clean on the investigation (no pun intended). And, IMO, that put SPNG back on track. All this stuff "I saw on SPNG sign" here and there, also SPNG is at ACE hardware - really means nothing. I see lots of GM car on the street- but would I invest in GM -given their valuation and accounts I don't think so. SPNG needs to get back to basics!

Well; the drama will be over this week! And clearly given the posts on this board - both positive and negative; someone will be seriously eating their words, in addition to losing money.

Would that become public information at some point in time? It would be interesting to see Jared giving straight answers!

One - in a "normal" company that is transparent; reporting back on thoses type of meeting would be great. However, I agree with w-Earl; in EESO's case the informal discussions should have been over a longtime ago. Its time for audited statements and third party review. I think the SEC microscope is the best thing that could happen to EESO - hopefully it will bring things to a head. The good, the bad and the ugly.

Dave - Jared has not delivered, nor has the PRs and without audit statement there is no financial base to value the company. Clearly time well tell. But for now the ney sayer and bashers are in the drivers seat. Given where we are today negative interpretation of PRs are valid.

Any theories as to why the SEC has not halted trading under sec 12k?

"This will go to the moon." The only moon so far is Jared's rear end - and there is where we are currently. Lots of things needs to happen and sort out before this stock will have a pulse again.

I agree with you - I am glad the federal eyes are all over SPNG - because if the comapny is on the up & up it well come out of the investigation - and the shares price should make a real significant upward move. If there has been fraud, then its time to shut them down. What I like about I this is that IMO, the drama will be over soon - lets see what happens.

Like I said before - time will tell. Right now its the "houses money" and some of that is parked; looking to come back in. If you are right and its goes to zero, then my gains for 2009 are reduced - and so will my income taxes. But I am willing to bet some of my SPNG that you are wrong.

Patch LOL! if you are not an insider ___"In this case there are no agreements between RH and DT as SpongeTech claims."

The more I think about it - now thats a funny statment! SPNG is an reporting a audit proticol!

"In this case there are no agreements between RH and DT as SpongeTech claims."

So you are an insider! The filing are signed by RH as the main auditors.

"actually i could care less if D&t take on this account. i just dislike people trying to imply they are involved in the present audit (which even the company denies) and that they are involved in the SEC investigation which is utterly ridiculous."

Not utterly ridiculous - they can hire anyone they want to help with the SEC investigation -actually its utterly ridiculos that they can't hire D&T.

Your anwser is to true. I have work personally with two auditors AT THE SAME TIME. D&T and E&Y. The ground rules are worked out up front - NO CONFLICTS - perhaps a little pissing on each others shoes now and then.

You forget- application of common sense -starts off with the facts. Are you an insider with spng? Also your example about taxes - I have seen taxapayer hire firms (in addition to their regular accountant to help with the IRS -LIKE FOR EXAMPLE ME!) Finally, working expreince also adjusts one common sense.

What would be the conflict?

Patch - Clearly the SEC does not outsource it work! I take No-BS's statement as D&T is helping the company with the investigation.

"You always said that you knew a lot more than other people and that these were FACTS."

If that is true - we have someone else that should be included in the SEC investigation. Lets pass along the info!

Looks like Patch and No-BS are talking to different partners at D&T each partner with their own special take on this situtation. Time well tell - it always does - and thats the best fact. For now - place your bets!

AT LAST SOME NEW INFORMATION! (I WAS GETTING TRIED OF PEOPLES OPINIONS -BOTH PUMPERS AND BASHERS!) THKS - BS

Moving on to the D&T situation, I have spoken to several members of Big 4 firms, the sources I would NEVER reveal on this board. They have all told me, in no uncertain terms, that D&T is overseeing the entire SEC investigation and helping Robison to get everything in order by the filing date. To a person, they said they would be shocked if the 10K is not filed by Oct 16. When asked about the FINRA appeal, they said this is SOP (stndard operating procedure), as we are now within 2 weeks of the 10K being due...no mystery, nothing to read into it.

My reply relates to audit standards and practice. When firms don't follow the rules - they loose their license, etc. Also the ENRON cased related to off balance sheet partnership liabilities that were not picked up. ENRON was using accounting rules to play its game. And finally, AA was found not gulity in court after all the evdience came out. BUT it was to little to late, they lost all the clients and the firm went down. In an audit, I would not worry about sales - its the other stuff (which the auditors don't see) that gets you.

I am completely shocked! Anyone here that thinks an auditing firm preparing an opinion on financial statements replies on what the CEO tells them, whether its revenues and expenses or any other item impacting the statements A) should not be investing long or short B) needs to go back to school.

March 28, 2008 PR - EESO should have issued audited statements with those numbers. Or maybe Jared can't tell the difference between "his wildest dreams" and reality.

Wow! Did Jared resign? Maybe out him.

I also like the fact that EESO is hanging tough at.0017. But I would not be buying shares. I am in the "time well tell" mode. IMO, its EESO's move not mine.

The only one that can "clear this up" is the SEC. Jared needs to keep his mouth shut because his not capable clearing up anything - HIS RECORD TO DATE HAS PROVEN THAT.

I would love for it to go higher! But without significant changes/news (eg. Jared leaving, audit statements showing REVENUES, buyout etc..) it will not make a significant move upwards. Also if Jared starts his story telling to try and pump up the stock - the stock will tank. It time for EESO to put up or shut up.