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High demand low supply no dilution, those are the only three necessary ingredients to blast off on the OTCBB.
CCRY is officially on the launch pad.
CCRY to .25-.40 next week IMO.
Radar CCRY .003x.004 for a 50 bagger.
Radar LCPM and MDWK both are easy 10 baggers.
I see bankruptcy in SPNG's future. Merchandise and shares not selling coupled with all the other problems I think SPNG will fold.
Those divy posts are nothing but hot air. SEC investigation, shareholder lawsuits, no 10K or 10Q, grey sheets, etc., THOSE are the realities.
Looks like money laundering to me. $1.75M given to GFGU and then the $1.75M vanishes into thin air, then GFGU gives SPNG shares. Somebody has that $1.75M squirrled away somewhere. Just a thought.
Maybe because the DOJ will be going after GFGU as well as SPNG. Ever bother to consider that angle?
"spend"? Or are you trying to say spin?
You guys tried to spend this due date as best you can to show spng was somehow in default. You guys were wrong!
No PACER answer to the Rosen suit filed yet. I assume news of the default judgement will hit the wires soon.
SPNG throwing in the towel it seems.
Don't waste your time trying to convince anyone with this link, this isn't the answer to the lawsuit:
http://viewer.zoho.com/docs/j5bXa
Ladies and gentlemen of the jury, let the record show that the document in question was a pdf forwarded to the SDNY Federal Court and NOT an actual filing.
Thank you! It needs to be FILED! Everyone understand now?
some don't always show up right away .... and he is right - they do need to file it .. just typing it out is not filed - its just a PDF as of now
and they should file the 8K too
Is that a PACER document that was filed in the SDNY Federal Court?
Spam? Posted by: ckirbygo Date: Tuesday, November 03, 2009 10:33:51 PM
In reply to: nuubie who wrote msg# 252722 Post # of 252739
My gosh nuubie. Give it a rest. What is it exactly that you want in an "answer". Did you expect that they were going to have to give out the 10K and all the evidence needed to counter the lawsuit and file that today. Thats not how it works. As I said before, who knows what happened today. The fact is they have hired a well known lawyer and they are not going to be a "no-show" as you believe since an "answer" has not been filed instantly.
What 8K or PR said they were hired?
Another "as I said before"?
Click.
"as I said before, as I said before".
LMAO! Click.
I see a doc in your link with names of lawyers on it but no actual filing. I will be convinced when I see an answer filed.
You have no proof SPNG filed an answer and now you want to jockey for position to see who gets the last word? Case closed.
PACER is meaningless? You must be crazy.
Nothing on PACER yet.
No wonder the smoke and mirrors about the SEMA show is so thick on this board today. Longs really think a booth at a auto show is more important than filing a timely answer to a lawsuit in Federal court? We know better.
Why hasn't SPNG filed an answer to the Rosen lawsuit? The answer was due today.
Lot of good that Pike buy did for this stock, eh?
Why isn't the market running over in droves to buy this stock after the Pike filings?
.02's are printing more than usual today. Think about it.
Too bad the market still thinks this stock is crap. It closed red on low volume with the Pike scenario in the mix during trading hours.
i'm gonna come off the top here and suggest that there *might* have been something more to it.
Enough with the '33 Act nonsense. That subject (excuse) has been determined as bogus a long time ago.
Correct, nobody has heard about Pike until after the SEC investigation and they were forced to file Form 3's and 4's. What does that tell you?
Obvious Pike got uncovered in the SEC investigation. 9/28/09 Date Of Event proves it. Same date as company officer's Form 3's:
1. Name and Address of Reporting Person* Pike Capital Partners, LP
--------------------------------------------------------------------------------
(Last) (First) (Middle)
275 MADISON AVE
SUITE 418
--------------------------------------------------------------------------------
(Street)NEW YORK NY 10016
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/28/2009 3. Issuer Name and Ticker or Trading Symbol
SPONGETECH DELIVERY SYSTEMS INC [ SPNG ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 11,829,969 D ( 1 ) ( 3 )
Common Stock 88,170,031 D ( 2 ) ( 3 )
Pike Form 3 filing event date 9/28/09 same event date as SM, MM, and FL's filings. Looks like Pike got caught in the same net as the company insiders.
1. Name and Address of Reporting Person* Pike Capital Partners, LP
--------------------------------------------------------------------------------
(Last) (First) (Middle)
275 MADISON AVE
SUITE 418
--------------------------------------------------------------------------------
(Street)NEW YORK NY 10016
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/28/2009 3. Issuer Name and Ticker or Trading Symbol
SPONGETECH DELIVERY SYSTEMS INC [ SPNG ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 11,829,969 D ( 1 ) ( 3 )
Common Stock 88,170,031 D ( 2 ) ( 3 )
http://www.sec.gov/Archives/edgar/data/1201251/000101359409001619/xslF345X02/spongetechfm3-102909_ex.xml
Take a look at Pikes filings history:
(It might tell you what their agenda really is)
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001220289
Pike had to fess up due to the SEC investigation?
SM, MM, and FL had to come clean, now Pike?
ZINGGGGG!!!!!!!!!!
how do you know Pike didn't short the stock and cover with their own inventory .. and turn around and buy back the stock on the greys at 2 to 4 cents to replace the inventory
uh oh! GULP!
lol
Insider is a company officer not an investor. Regardless, that filing did wonders for todays closing price, stock closed red and on lower volume.
Pike a convertible debenture holder that started shorting????
The filings uncover the truth regarding the insiders have not been buying shares.
Soon? How many months have you been saying that? LOL!
Lower volume, closed at day's low.
Yep, no volume is a good thing. Typical.
Filed in NY Federal Court. Looks serious enough to me.
Um buggs, they have a client, this is not a fishing expedition:
CHESTNUT RIDGE, NY--(Marketwire - 10/28/09) - Notice is hereby given that a lawsuit has been filed in the U.S. District Court for the Southern District of New York on October 28, 2009 by the law firm of Kantrowitz, Goldhamer & Graifman, P.C. on behalf of a plaintiff and a proposed class of purchasers of securities of SpongeTech Delivery Systems, Inc.
Yes, filings with cutomers that cannot be verified won't be removed from what has already been filed. They made that bed and they are laying in it as we speak.
The Auditors will "unpost" them when they weigh in. I think I understand what he was trying to say.