all short sales reported by FINRA on a daily basis are those shares tagged as short sales when the transaction occurs. so yes they are Short sales. for a definition of short sales visit the FINRA website. by the by a long sale is not tagged as a short sale!!!!!

SPNG IS MOVING FORWARD>WELLS NOTICE SETTLEMENT IS GOING TO HAPPEN SOON>SPNG PRODUCTS EVRY OTHER CORNER OF US>>>>>PRODUCTS ALL OVER US< EUROPE & SOUTH AMERICA>>>> SPNG BULLS ARE MOVING FORWARD READY TO BEGIN THE STAMPEDE WHEN ALL NSS PLAYERS WILL BE CRUSHDED>>>THEY CAN ONLY PRAY FOR A COURT OF LOGIC TO BE THEIR SAVIOR!!!! IMO.

SPNG is moving FORWARD.

The audio: http://tinypic.com/m/a0jo85/2
Below is my best effort to transcribe precisely what SM said.

———end transcript
QUESTION Tell us an overview
Well Spongetech Delivery Systems got started about 10 years ago. When we saw what Swiffer was doing, and the wipes were doing, and, and, realizing that uh, you know I saw my wife, my mother using these wipes and these uh, Swiffers and they basically only used them one time and threw em out.

So I wanted to come up with a way, and somebody showed me how to use this new delivery system. Ah, that you can use this sponge or this foam that it's actually made out of, this super absorbent polymer, that allows you to clean your car, your pet, your child multiple times without having to throwing it away right away.

And what we developed was a way to get rid of products-out-of-a-bottle, and save the environment and just put everything into the sponge. And that happened about 10 years ago.

QUESTION Tell us about the legal issues
Basically, to get it down pat, as simply …some of the legal disputes are because the, the SEC starting investigation and, uh, is, I guess, ah, moving forward with it. And uh we are ..answered pretty much all the questions that they requested.
But, for all intents and purposes its more like dumping on. Nobody's won any of these lawsuits, nor anybody – most of these are just frivolous cases. But they figured that "you know what".. they just didn't wanna be associated with it.
But in the meantime, they owe us.. Some of these people owe us money, they owe us time, they owe us air and we will continue to make sure that, that for our shareholders, we get all the benefits that we deserve out of these deals.
And uh, the NY Post has made a case out of bringing this to the forefront. We recently sued them for over a hundred million dollars. For all intents and purposes, that is the reason why we are able to uh, move forward, because we are able to ship more products, do more products do whatever we have to.

QUESTION Tell us about the products
I think the main important thing is we're now in over 45000 stores here in North America. We've added from, uh, children's products to, to pet products, to kitchen and bath products, and now we we're doing medical sponges. We're in.. we're in some of the biggest retailers.. you can, you can now find us in every corner of America today. And uh, and North America, and probably throughout Europe and South America. And basically, we're gonna be, we.. Our objective from last year's Noble Investors' conference is to bring out new products every month, and we've been doing that. We started two years ago with one auto product. Today we have over 40 products on the line, and growing every month.

And the most I think will be the medical products. As uh, we are able to get into the medical field, I think that'll be our biggest development with suntan lotion, and uh, taking care of bedsores, and bandaids and everything else.

QUESTION Tell us about the future
We expect to see a lot more in the future. And we expect to, you know like I said, at least have like 5 or 6 more products here in the next year. And one every month for the rest of the year.
———end transcript

These paraphrasings are my take-aways to chew on:

[SEC starting investigation and moving forward with it]

[that is the reason why we are able to move forward]

[now we're doing medical sponges]
New medical sponge or bandaid coming out soon?



---------------------------------------------------------

off of another message board.

NEW INVESTORS...GOLDEN OPPORTUNITY
New investors, this may be the greatest investing opportunity of your lives!!!! 10,000% ROI possible. (ROI=Return on Investment). Super products....79 products including the best selling product on Amazon.com!!!!! Just got placed in Walmart. HUGE reorder from CVS. NO DEBT. HIGH MARGINS. WE OWN THE FACTORIES. More new products coming soon. Like Dora The Explorer and Spiderman sponges for children. HUGE POTENTIAL. This is the bottom. Get in on the ground floor. DO NOT MISS THIS GOLDEN OPPORTUNITY!!!!!!

are you basing this on facts and if so can you provide links or is it mere conjecture on your part??????

Patchman, looks like SPNG is alive and kicking! they just added aVP of sales.

folks don't get side tracked by the law suits. they are not going to do anyone good. management needs to stay focused on the value drivers of the company...........which are........

1. the Technology is simply awesome and they have already monetized the technology. more importantly SPNG own the patents.

2. the Applications of the Technology is infinite...this means that there can be many more than the 100 SKUs planned and the 50 SKUs in the market place.

3. the products have been very well accepted by the consumers and as PRd 'the demand is EXTREMELY HIGH'

4. the products are currently available in very large retailers like Walmart, SEars, KMArt, CVS, Walgreens, etc. ... should be available in more than 100,000 retailers soon...they are already in more than 50,000 retailers!!!

5. products are availbale in US, EUROPE, & Asia Pacific.

6. products are available online on major webtailers like Amazon, and most major online stores, etc.

7. some technology patents are co-owned by SPNG & Reckitt Benkiser.

8. products/applications spawned are broad spectrum i.e applications across several industry segments. currently, cleansing segment, medical, foot wear, cosmetics, ...future .. agriculture.....literally limitless applications.

Bottom line, IMO SPNG can become a MULTIBILLION dollar multinational company and that too in less than 5yrs.

I hear the SPNG BULLS ready to stampede!!!!!

Brilliant rebuttal but shallow logic!! you can believe what you want but you should read this post again.........

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49383142

we will hear a settlement soon! I would think SPNG's lawyer did his homework right before filing. Also SPNG's lawyer is well versed with practising law in US and NY

Haven't you heard about David taking on the Goliath?? NYP may counter sue and/or defend itself but that will not deter SPNG. Let the system take care of inequities.

O.K since you don't want to hear my side of the story, then there is nothing more to say other than the fact that you are not interested in reality!

is that yummy or yuk??? anyways I need to take a crap first!!!!!!!!!!!!

tell me, why am I here?????//////

Good explanation..pretty accurate./em/

Reading SM's emails in the MSG case makes me believe that Sm has all intentions to pay up all payables to MSG! But I guess there is a reason for doing what he did and that is not evidently clear. Bottom line, MSG case will be resolved with satisfaction to both parties!

Mingy, excellent point.

O, I think you should think twice before you blurt out...the SEC has the authority to stop the filings! They need that flexibility.

I am saying SEC needs to sign off on the 10K/Qs and yes, they are corrupt as hell!!!! In fact all major financial institutions!!! IMO

that should have been 'by corrupt SEC'.

VD, you are not answering to the point!

But I'll agree with you that there is insufficient data i.e OS is still unknown to conclude the extent of short/naked short position.

However, the question remains...why did the PPS rise when 80% of the volume was shorted (on 1 March 2010)???

So what is your explanation...keeping in mind the shares shorted are reported by FINRA and should hold the definition of Short as documentd by FINRA???

looks like they are shorting with uptick rule in place??

If they own more than 90% of the OS, they can do a short form merger for a price....i.e buy out the remaining shares for, say a $1!!, essentially taking it private.

There is no inconsistency...Pike's 13D states that they are in SPNG for an Investment and I will assume that Pike decided to start buying again because of certian impending imminent news (which they may have be privy to). So why would Pike buy if they new SPNG has cash flow probelems...that's negative indicator as far as an investment goes!! A cash flow problems signals that Sales & Profit growth will be inhibited. May be Pike has the bigger picture that we may not be seeing or have access!

U can only guess.....but what turns out into reality could be far away from your dreams!!

Sorry HHBoy..I don't think you can afford that 725 BMWeeeeeeeeee!!!!

VD, I don't have PM and hence this open discussion....my post was referring to Bear attacks on penny stocks in general......there is lot of hearsay evidence that there is a huge NSS in SPNG..if there is smoke then there must be fire!!!

there are plenty...why pretend as if it doe not exist!!!??? you probably have more examples than Google's database but here is one anyway ( a recent one)....GFCI.PK.

the 'abundant capital' is normally used to NSS of penny stocks where there is extreme organized deception, bear attacks, etc..leading to BK of the issuing company and the shorting company walks away scot free...no margins, no interest, etc.

why do you miss out on the key point........'house' and 'proprietary' accounts do not report short positions.

Also one can SHORT stocks like hell...even if you cannot locate shares but you would need to back it up with CAPITAL. There are lot of firms (B/Ds) that do this. Bottom line...one can SHORT either against borrowed SHARES or provide abundant CAPITAL!!!

Well they are hiding it because they are exempt from reporting Short shares on amonthly basis.....'house' accounts and ;proprietary account' do not report their short positions. No doubt the daily trade volume indicates the short shares but these, I believe are inclusive of NSS. It is will not surface unless and until the company releases the OS and DTC makes a margin call on all the primary brokers/clearing houses. Mark this post...nothing will happen until DTC forces the issue. IMO.

If Pike, et al own 99% of the O/S, a LBO will be a piece of cake ...if the O/S is 330MM, then they would just need to buy 1Million or so shares...they can afford to pay $5 per share. If it is less than 1MM, then the PPS will rise accordingly.

Here's a twist on what you said.....believe me you , it is true..(research GFCI)

Hedge Funds are common low life con artists. They falsify financials, lie in PRs, make up fake customers, write hot checks and forge legal opinion letters. They are more like a sleazy thugs. Unbelievable.

August 2009::::::::::::::::::::::::::::::::::


20090803|SPNG|15336677|52619347|
20090804|SPNG|9627212|37010705
20090805|SPNG|17567216|54383975
20090806|SPNG|27935596|76181115
20090807|SPNG|7575755|33310693
20090810|SPNG|7468884|23064041
20090811|SPNG|10598109|28785712
20090812|SPNG|3618864|19964893
20090813|SPNG|19055040|51692310
20090814|SPNG|7441178|31680675
20090817|SPNG|14360494|40351910
20090818|SPNG|5506581|19959321
20090819|SPNG|9957596|27430672
20090820|SPNG|9172534|28164811
20090821|SPNG|10523559|35532873
20090824|SPNG|19212761|55087089
20090825|SPNG|43751862|158115431
20090826|SPNG|50296972|186573949
20090827|SPNG|39699062|122326202
20090828|SPNG|43117431|141329128
20090831|SPNG|24155805|102899494



september 2009:::::::::::::::::::::::::::::::::::::::

20090930|SPNGE|29340613|64339889|O
20090929|SPNGE|41981297|135126012|O
20090928|SPNGE|63978765|232041220|O
20090925|SPNGE|62279889|243337186|O
20090924|SPNGE|38001311|145132146|O
20090923|SPNGE|14757094|65197292|O
20090922|SPNGE|34715214|125563647|O
20090921|SPNGE|29668504|117807090|O
20090918|SPNGE|44581542|139718224|O
20090917|SPNG|57862164|198723051|O
20090916|SPNG|53121220|158456214|O
20090915|SPNG|29050966|82314332|O
20090914|SPNG|23184886|66526299|O
20090911|SPNG|34474276|115861839|O
20090910|SPNG|61339445|184436895|O
20090909|SPNG|40082965|144074166|O
20090908|SPNG|95614030|390984103|O
20090904|SPNG|19050708|72678567|O
20090903|SPNG|11865533|55885546|O
20090902|SPNG|13255966|47398921|O
20090901|SPNG|21278859|95890840|O

October 2009:::::::::::::::::::::::::::::::::::

DING! DING! DING! DING! DING!

~65 Million shares shorted in SPNG for the month of Feb 2010!!!! These must be all NSS assuming the O/S has been consumed by Pike, SPNG, et al..................~ 340MM shares held by Pike, MGMT, RME, DF & Levin Trust. imo.

Mingy...that could only mean Sun Life Financial with a symbol SLF. Does Bogdahn provide services to SLF? I see Bogdahn is in the 401K plan industry providing fiduciary services. I could not figure out the 100Billion stuff...so may be U can shed some light!!

then why is it reported as 'Short' sales by FINRA?? I'll tell you why...because it fits the definition of SHORT SALES.....

Cjay, your link is not working!!

Remember 'proprietary' and 'house' accounts do not have to report their short positions..... 'proprietary' accounts are normally owned by hedge funds or some very large financial institutions!! And so there are lot more shares shorted than what appears on reports! IMO.