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.
THEY ARE LIARS, LIKE I WAS SAYING WEEKS AGO. I CANT BELIEVE I STUCK AROUND.
Like I said, I sold early this week, this stock became a joke through out this month...the 15 day extension...wow, these guys are going down hard, I LOVE IT I LOVE IT
SEC INVESTIGATIONS, I DOWN RIGHT LOVE IT. I WLLL BE ONE OF THOSE PEOPLE FILING A CLASS ACTION LAWSUIT.
Exactly, great point, and it burns me up that these guys are so ignorant
HAHAH, the point is, management is just idiots the way they have handled this situation.
It would be hard to find shadier people....Moskowitz and Metter.
Steve Moskowitzs wont soon forget who I am, Lying to me and my fellow investors. Ill be confronting him in the months to come, depending on how this plays out.
Now its just obvious manipulation. the guys cant get the 10-K out...something is seriously wrong, and they are in serious trouble. The days are counting down...These guys will be under the gun before they can imagine.
I truly love the fact that they were ignorant enough to do this with the entire world eying their every move.
Well the funny part of the equation is that the 10-K may just never come out.
These guys are pathetic.
Wow, see, it just shows the level of understanding...
The whole point of what was said is that Deliotte & Touche LLP said they have not taken on Spongetech as a client....SO FOR THE RESPONSE TO BE, 'WHY WOULD THEY TALK ABOUT ONE OF THEIR CLIENTS WITH AN UNKNOWN PERSON?!'
WELL THE POINT IS, THAT SPONGE TECH ISNT THEIR CLIENT! lol
Deliotte & Touche LLP IS NOT ASSOCIATED WITH SPONGETECH.
Call Deliotte & Touche LLP....they will tell you if you dont believe. The reason they will tell you is because the fact that SPONGETECH is NOT a client, LOL.
All Spongetech keeps telling share holders is that Deliotte & Touche LLP will come into the picture AFTER the 10-K is released...
They keep SPECIFICALLY SAYING, "Deliotte & Touche LLP will be their auditor AFTER the 10-K is released."
Each and every day that goes by just shows that these guys have no future plans for this company. At this point, they are just trying to hold out as long as possible to keep the ship floating.
Its really sad and unbelievable that these guys can pull the wool over people's eyes like this...
So if the 10-K doesnt come out by the time the 10-Q is due, who ever becomes the accountant? how do they produce the 10-Q. Spongetech is really spiraling out of control and SPNGE is listed on pinksheets, LOL, you guys get the pictures.
Im not trying to prove anything or bash anything, Im just stating the obvious, and hopefully someone can stand up to management and hold these scumbags accountable
ARE YOU KIDDING ME?! I JUST POSTED ABOUT HOW THESE GUYS DONT EVEN HAVE ANYONE WORKING ON THE 10-Q...
HOWW IS THE EPS GOING TO INCREASE WHEN THEY CANT EVEN PRODUCE AUDITED STATEMENTS FROM THE PAST TWO YEARS AND YOUR THINKING ABOUT THE EPS FOR Q1 FISCAL2010? WHAT THE HECK, HOW ARE YOU SHAREHOLDERS NOT UP IN ARMS?
UN REAL
Exactly, Deliotte & Touche LLP has nothing to do with Spongetech at this point.
Right now, not only can the company not seem to produce financial records for the past two years, they dont even have any accounting in place for the Q1 Fiscal 2010. Its 18 day from the time the 10-Q is due, and they dont even have ANYONE taking action to prove that the numbers for June, July, and August are real....
This is insane that they can get away with not releasing this information....Unbelievable....
SO what are they saying? That Deliotte & Touche LLP hasnt even started working on the 10-Q?!?!!?
This is really unbelievable.... The press release ones again says nothing and just tells everyone what we already know! I cant believe these guys can continue to get away with this, not releasing financial statements....
LIKE SERIOUSLY?! WHAT ARE THEY SAYING? THAT Deliotte & Touche LLP HASNT EVEN STARTED ON THEIR FINANCIALs.
It is REALLY SHADY that Deliotte & Touche LLP has not started on their books yet, and the record quarter with the $70+million in booked orders??!!#! like what the heck is wrong with these guys?!
The 10-Q is due out in like 20 days....So Deliotte & Touche LLP hasnt even started looking in their books.
Like I have said before, There is an accounting scandal going on, and these guys need to produce financial staments shwoing shareholders the state of company affairs and financial standing.
This is robbery that they continue to PR 3 line paragraphs in place of the 10-K.
We know the reports are not being re-stated, but re-audited. WHat an insult,
Are you guys serious? Is this thing done? No 10-K...why do you guys say there is no 10-K coming. Soapy, do you think there is a 10-K coming?
Lol, this is halarious, I sold
No sell confirmation, technically this is a HOLD
Haha, I sure hpoe we see a move up with the PPS. Are there buyers??!?!
Thats REALLY REALLY shady they didnt spell CostCo correctly!
HAHAH
These guys are the ultimate slick willies. Cosco
Cosco doesnt exist. Cosco is nothing... WHat is Cosco....
Well its obviously because the 10-K is deliquent. But the tape tells the tale...The tape is holding together.
The thing is, this isnt a sell of, people arent panicing. The stock is down on nothing. The Market Makers just decided to open this at .11 and walk it down to .10 No one even sold between yesterdays close and todays open. Its just an absurd statement to make about a sell off. Its truly illogical this stock wont crash. At some point, if these guys go to jail, and there are Billions of shares...there are still sponges to be sold, advertising, and contracts. Someone will want to collect the revenue of these sponges...Its all so illogical, but the sponges are every where, and people are paying $10 for them left and right...
SPNGE raised the A/S to 3 billion? wow, are you serious?
Oh Nice, Ill email this person 1000 times letting her know how I feel
I dont think your supposed to own any stocks if you dont have the time to follow them every second and scrutinize every move the company makes. If you just let your money sit in stocks, its worse than gambling.
Haha, We shall see, I completely agree with you even though I aparently bought 40k shares + the 900 I was holding for Fits and giggles. LOL, I wanted to see the R/S.
These guys sure are bold. Anyone who doesn;t believe the 8K at 5:00 am EST the Tuesday morning after labor day was an orchestrated event by these guys to load up on their stock, well your in the wrong game:) suit yourself, but obviously people are out to get our money, or at least make sure we dont make any.
Its really sad these guys felt like they had to steal our money. Those were nice gains, that I waited for MONTHS after I missed selling in the crash. Its really pathetic that's how they played it.
Its so twisted, because its like the WHOLE WORLD want this stock this to go to .05 and .02, it JUST WONT. THE STOCK REFUSES TO CRASH... ITS JUST INSANE. iT WONT GO UP AND IT WONT GO DOWN, AND UNTIL THEN IT WILL TRADE IN A VIOLENT RANGE
Wow, the joke is on me. How I picked up 40k shares goofing around yesterday because the technicals had reversed.
On LEvel 2. The market makers are just making the illusion that this is going on tank to prevent buy orders from flooding in.
Thesse theses fools really are going to take this sub .10, buyers are going to come out of the woodwork...what a joke....
So I still dont understand when the 10-K comes out?
R/S would have severely put a wrench in Shorty's ability to manipulate
Im looking for the 10-K. No 10-K today?
dude, this is so far from being over? WT are you talking about, this has just begun...LOL...
One way or another, Spongetech is setting itself up for the ultimate drama story of the OTC. LOL, thats what the OTC is for, right, when you get bored of the big boards for a little while, you come check out the action down here in the DUMPS.
This is ULTIMATE Hilarious story, lol, I dont even know why Im wasting my time typing, LOL,
But to think this is over, man, this thing is just getting stated. One way or the other, this will play out in dramatic fashion.
Well, I thought the same thing you thought, about the CUISP change, LOL, Until these fools just decided that they dont have to release a 10-K any more. LOL, they take the cake. No 10-K, oh well, LOL, R/S? Who knows? Dicon even exist? LOL
These guys should become magicians. These guys will probably be so slick, the release of the 10-Q will come out, unaudited, to PUMP the stock even more, and when asked about the 10-K, Moskowtiz will just tell shareholders, "Eh, don't worry about it, we're going to be 100,000 stores by year end. Remember what a I told ya? Who needs 10-Ks and accountants, Spongetech is going straight for world domination, forget the SEC."
I bet the market makers are going to try and not split SPNGE. Its all one big tick...Maybe the SPNGE stock will be split, but when they release the 10-K we will go back to trading as SPNG, which was an .11 stock.
hahahaha, I love it!
Ya, I should be too, but I guess im addicted to that Sponge-crack. Had to pick up some SPNGE today with pretty green candle SPNGE pooped out today.
HAHA, but I do believe there is an accounting Scandal going on behind the scenes. I can't fight the tape. The candles SPNG is creating tell the story. I hate management, I think the company is trash, they lie and continue to lie and hide information. We have heard nothing from then since I told the Forum that I talked to Moskowitz and he himself told me that the "Accountant refused to 'sign-off' on the 10-K"
Then my news was confirmed by many people, including the moderator, who contacted the company, and then someone told Moskwitz we needed formal word, and so he let out a 2 line PR blaming the SEC, Drakeford, and Robinson for HIS COMPANY'S PROBLEMS...Then My news was confirmed by the Press Release next morning. Thats the last we have heard from these fools.
But I'll continue to trade this thing for every cent its worth. I cant wait for the split, then my broker will let me short it since its +$5 Ill beable to play it from both sides, on the way up and on the way down.
Epic, tomorrow after the bell is what Moskwitz has told the market, but we know what his word is worth....NADA...
I think your just going to have to buy some stock and see if it gets split or not. LOL..
Are you a buyer or seller into the close tomorrow for the R/S???
I heard Dell may buy out SPNG for a 80% premium to the market closing price tomorrow after the bell.
LOL LOL
No doubt, my reply is that I dont have blind faith in some accounting firm who just wants to make money. They havent event aken action on Spongtech's books yet, and it was obviously a move so that Spongetech could sound good in the light of their accounting scandal.
AT WHAT POINT DOES THE ACCOUNTING PROBLEMS WITH ROBINSON AND DRAKEFORD BECOME A SCANDAL?
BUT, BY THE WAY, I JUST PICKED UP 40K SHARES TO SEE HOW THE R/S WORKS, AND BECAUSE TECHNICALLY THE GRAPH REVERSED
no 10_k = No Nasdaq
Nothing from management?! LOL, WOW.........
WHere is the 10-K
You think out of all the sources out there I can get my information from, some worthless, broke journalist is the last person I need to tell me about SPongetech. FOR ONE, THE ARTICLE IS AN OPINION PIECE!LOL AND SECOND OF ALL, THAT ARTICLE SAID NOTHING THAT SPONGETECH MANAGEMENT DIDNT TELL SHAREHOLDERS ALREADY...........
The bottom line is the information about sponegetchs books is SHADY, SHADY< SKETCHY, and JUST DOWN RIGHT COMICAL that they think they are R/Ss to get on the NASDAQ
whoa now, lets get some accurate information going here... D&T has not touched SPNGs books, and they will not until after this 10-K.
Robinson is the accounting firm right now that must approve the information in the 10-K. There is obviously a power struggle between Moskowtix and Robinson, most obviously displayed by their choice to be done with Robinson. Robinson obviously will not let Moskwitz pass off fraudulent information, and Moskowitz will not put the correct information in the 10-K, or Robinson would have already signed the 10-K. Its very obvious to anyone with half-a-brain what is going on. ITS NEVER A GOOD THING WHEN YOU CHANGE ACCOUNTING FIRMS AND THE ACCOUNTING FIRM YOU ARE USING WONT EVEN BACK UP YOUR FINANCIAL STATEMENTS. OBVIOUSLY THE PROBLEM IS SO WRONG AND COULD PUT MOSKWITZ IN SO MUCH TROUBLE, HE FIGURES IT BETTER TO JUST GO DELIQUENT AND PRETTY MUCH NOT RELEASE THE 10-K UNTIL AFTER THE REVERSE SPLIT SO THAT IT WILL BE EARIER TO HIDE THE LIES ABOUT THE SHARE STRUCTURE.
Second of all, the 2009 10-K was completed but since it was using all of the 2008 numbers for growth history, the SEC said NO NO NO....The SEC said SPONGETCH has to have the 2008 records RE-AUDITED! Not the 2009. The 2008 numbers are based on auditing done by a fraudulent accounting firm who no longer has their license or their integrity.
So Do you people expect the 10-K pre market tomorrow?
Ill be waking up early looking for the 10-K
Im awaiting the day that management can prove to the market that they arent a bunch of clowns.
First, I am making a point that for anyone who has let the money sit in SPNGE, for the past 4-6 months, you have missed 50%-100% profits on the big boards, I am not saying anything about whether penny stocks move in conjunction with the big boards, its just the fact that anyone invested in SPNG could have been invested in real stocks that are producing and continuing to produce real profits.
Second of all, these is nothing you have audited and filed that can prove the float is any lower...seriously, what the heck are you speaking about? besides a PR from [people] with no integrity
No proof of any market cap. There is nothing proving those numbers you speak of. Its sad so few people understand this fact that the management has now refused to provide the data to prove all of their sales and booked order claims. And even after that, they have to have it audited to prove they are even collecting the money. AND IF THEY HAVE EVEN COLLECTED THE MONEY, THE MONEY STILL HAD TO BE ACCOUNTED FOR.
Many of you are right about me wasting my time posting. I realize it has become fruitless. I have no reason to be posting, Although I was very supportive before management proved themselves to be fools who cannot back up all the things they have been PRing.
I have a feeling, they way they are acting, the reverse split will take place, they will sell millions upon millions of mores shares into the market to fund the company, and it will just become another $10 stock with a .04 EPS ... Same old same old, they dont give a hoot about share holders. Nothing special, no reason for this to rally once they use dilution to 'BUILD A WORLD-CLASS COMPANY.' THESE GUYS ARE OUTRAGEOUS, OVERWEIGHT, SICK, BALD, LOOK LIKE DEATH, AND MOSKWITZ CANT EVEN COMPLETE A THOUGHT WHEN SPEAKING, EVEN AT THE NOBEL CONFERENCE HE SEEMS TO HAVE THE SHYNESS OF A 3RD GRADE GIRL...YEA HES NOT HIDING ANYTHING. METTER LOOKS LIKE A SNAKE-OIL SALES MAN AND REALIZES THIS IS HIS LAST CHANCE IN LIFE, SO HES GOT NOTHING TO LOSE.
Ill be watching, and making money else where in real stocks. JUST REMEMBER, FOR ALL YOU PEOPLE WHO HAVE POSITIONS BETWEEN .08-.10 FOR THE PAST 6 MONTHS AND HAVE WATCHED THIS STOCK CRASH TWICE, Well the entire stock market on the real boards has been in a massive bull run, every stock is going up, you can buy anything practically, so it just adds insult to injury that while everyone is waiting on management, the market has left many SPNGE holders behind. How Ironic:)
OH MY YOGF, WOW, IT ACTUALLY HURTS TO READ THIS FORUM NOW....
THERRE IS NO PROOF OF ANYTHING!!!!!!!!!!!! THERE IS NO PROOF. WHAT DO YOU PEOPLE UNDERSTAND, ALL OF THIS IS NOW UN-PROVABLE UNTIL THEY RELEASE THE AUDITED 2008 AND 2009 10-KS
WOW, OH WELL, I HAVE VERY LITTLE TO SAY, ILL BE WATCHING, LAUGHING, FOR THE ENTERTAINMENT AND DRAMA, AND MOSKOWITZ AND METTER HAVE MADE QUITE A FEW ENEMIES WITH MY CAMP. these guys are truly pathetic.
No matter what is said on this forum, people just dont want to recognize that there is no proof to ANYTHING you people say...all these numbers, they are NOT REAL OR MOSKOWITZ WOULD HAVE HAD THIS 10-K OUT ON THE 31ST OF AUG
there is no proof any more for anything about sponegtech....
what dont you understand? the SEC JUST TOLD THEM THAT THE 2008 FILING IS NO GOOD, WORTHLESS, A LIE, A FRAUD, AND THE COMPANY WHO COMPLETED IT HAS NO INTEGRITY OR CREDENCE. Anything audited by Drakeford&Drakeford is worthless and fradulent until proved otherwise...
So the proof sits right here in front of us. The SEC proves my point, and the numbers you say, there isnt even any proof of the $5 million number from 2008 and now your trying to convince me, or whom ever that the $50 million in revenue in 2009. None of it is true until proved by audited data filed with the SEC.
So I am right and you are wrong....
UNTIL A NEW 2008 10-K AND A 2009 10-K COME OUT CONFIRMING THE $5 MILLION AND $50 MILLION NUMBERS, THEY ARE LIES, MAINLY SINCE THEY ARE DELINQUENT. THINK ABOUT THE GENERAL DEFINITION OF THE WORD 'DELINQUENT' ITS NOT A POSITIVE WORD, IT IS AN EXTREMELY NEGATIVE WORD WHICH CARRIES HARSH, SERIOUSLY HORRIBLE CONNOTATIONS
I think the SEC just assumed that Spongetech knew they needed to have their 2008 books re audited since they obviously used a corrupt auditor. When Moskowitz tried to file the 2009 10-k with the 2008 numbers from Drakeford, they laughed in his face and said, "Are you kidding!?"
So the Moskowitz probably asked Robinson to just "sign-off" on the old numbers to satisfy the SEC. Now that Robinson wont just sign off.
The information Robinson is looking to verify probably doesnt even exist, and there fore, Moskowitz just refuses to release the true numbers because he rather just run this company into the ground instead of being exposed as the crook he is.
You people do understand, in all seriousness, if they release the 10-K, and there are major changes to the 2008 financials, and some of the 2009 10-Qs, share-holders who have taken losses will have an excellent case in court against them, especially if we can find ANY proof that Moskwitz profited from stock transactions of SPNG during this period between May 31, 2009 and whenever the 10-K is finally revealed