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The count down begins!10
Founder of Interactive Brokers.
Too late to claim..........good byeeeeeeeeee!
Too late or too early for the Trustee to consider...which one?
Spongetech, 50000 traded ..WEeeeeeeeeeeeeeeeeeeee!
That's how they get the stock to tank, to cellar box state of .0001....by changing the company's cuspip # to a pseudo one which is maintained in a different set of books, a common practice of Wall Street SROs. yeah, rip and rob the main streeters!
I believe Legent uses Penson and Alpine is a self clearing firm, could use Penson at times.
The $52 million is still out there, probably tucked away in Tao's knickers!
Legally speaking, it is possible to go from chap 7 to 11. Besides, the SPNGQ shell is still alive. EOM
Be patient.....SPNG will be resurrected.
Scion is there anything more to this, I mean docs...tia.
If the case is all about Bomart and if as you say Steve is Bomart, why is this case dragging for 4 yrs plus and with no closure! I'll tell you why, Steve is not Bomart and in addition to the 3rd parties identified by madeindet, there are more and bigger 3rd parties still at large!
Thanks...so the preliminary order has become final.
So, I guess the 60 day window is actually 30 days.
So if it is so cut and dry, why is it that 4 years have elapsed and nothing damning....these are the words of Steve's lawyer too, Mr. Brafman.
What is in Steve's plea................
All of them allegations. Period.
fla, old stuff and whole lot of allegations, period. If the FBI found out that Steve forged why did they ask him to wear a wire....hmm, strange. And why did Metter get away with just a bit of dollars, like say $100. Do you know what's in Steve's plea....I doubt it as it is sealed!
yeah, I wonder.....their kind are the penny stock scammers.
fla, there was/is a separation between the business model and the principals i.e the principals(2 of them don't make the entire company) and more importantly the products were well accepted in the market place leading to very high customer demand. So, the company can go on with new management. What the SEC did was downright wrong and ludicrous.
yeah, I am sure Bloomberg did the required background checks....keep in mind that people at Bloomberg promote ethical journalism.
we'll know soon, the system is currently down for maintenance!
$52 million!
There is no shortage of evidence on this particular subject matter...you may want to request Scion to pull up the related documents or better still visit his online archive library. Do your own homework!
fla, I think the one you are alluding to is gone but temporarily. In a free market anything can happen.
The TA never initiates a transaction to authorize/issue and/or to delegend.
That's not true...email, fax,....spoofing is common hedge funds do that all the time. If Bomart does not exist but signs documents, so can Stevis's signature be forged......it very easy to forge signatures on the internet....ask the hedge funds and their cronies. The fact remains TA Oldemonmouth was not subpoenaed and a lot of stuff remains unknown. And, Oye, TAs get bribed by hedge funds....ask Helen Bagley...sorry she is dead.
damn iHub...their spell checker didn't catch it!
Actually COWTOWN's analysis and sleuthing is IMPECCABALE.
So there are 2.5 billion unauthorized issued shares...hmmmm ...great, the OS must be 500million or less!
made, what's amazing is that they confidently say SPNG is dead but they keep posting allegations made by the SEC/DOJ which have not been proven ....... at least there are no court documents saying the allegations are true.
So the big question is where is the $52 million......is it in a safe pup house??
Such a short list but all blue ....there are more, more, more....40,000 retail outlets........
Well, I don't have an answer to your question but they sure have not come up with convincing evidence to support their allegations against SPNG. They should release SPNG.
Good points made, why aren't the names being revealed. Why is the DOJ withholding important pieces of the puzzle!
The BIG picture is that SPNG got scammed from the inside and the outside, more abusively from the outside. From the inside, dirty fraudsters like Wayne Celia got away for a pittance. He also connived with the outside scammers to bring down SPNG. Of course the outside scammers will always be at large. But we'll see...Jay's incredible work has exposed some of the outside scammers and I am sure that is not the end.
The fact also remains as to why FINRA said that they do not have subpoena powers and so don't expect the SROs to comply...why did they say that...were they trying to hide some big guns. Is that why they gave half baked data to Jay. Why did NYSE-Euro and Apex not comply with Subpoena.....of course it is prudent and wise not to comply! They are law abiding entities! LOL
If they can allege Steve issued 2Billion shares, then one can allege, in context to 35000 accounts as depicted in the NOBO that there are may be 10Billion shares issued(not authorized) and outstanding...who could have done this...only the primary clearing houses.
that's only an opinion!
WOW, a basketful of pinky scams...look aDorable!
Someone who has found out that something interesting is about to happen!
Based on recent developments, logic says that as soon as the Trustee's responsibilities are discharged, new management will step and recharge SPNG. imo.
Looks like this bird wants to fly, fly away to the moon!