So all those who claim the SEC has the filings lied!!

yes..creating HOD!

650K @ 63.5cents...13.03pm!!!

LOL! I think we are going past MOON!

dude, the SEC scrutinizes every aspect of the first 10K, not just numbers!! And the correspondence that transpires between the company and the SEC is also filed along with and after the 10K is filed. I have observed it. And there are lots of examples of them.

reread my post and understand the text....SEC reads thru the 10Ks for companies that are trying move from Pink to OTCBB exchange. And yes, the 10K is Edgarized and then SEC scrutinizes the 10K before it accepts it. The Company then PRs that SEC has accepted the 10K.

The SEC verifies filings like 10K, especially when they are on pinks and are moving forward to OTCBB.

should be hitting the 7s soon!/em

2million @ .064 ...12.21pm /em

the SEC is giving time to them shorties to cover and that's not fair. Yes, SEC protects wallstreet pigs!

13c and then 20c!!!

2.2Billion more to go!!!!!!!!!!!!!!!!!GLTU!

u got that right! NOW!

it has got to do with NSS and voting power, Class B shares......you need to think about what would happen if an Item came up for voting and there was a group that owned 1 Billion shares when the actual O/S is only 722 Million!!! Who is going to prove who the real share owners are???? Think about it!!

WOW!! so many form T transactions...yeah, looking more and more like a Grey market!!LOL

this Grey market is too orderly.......how can they keep the price around 3 cents when there is no Bid or Ask?? And Millions traded!!! Something Spooky for sure!!!!!

this looks too orderly for Grey Market!!

L II does not show any trade!!! Even if it trades on Grey, the trades should show up on LII.

The SEC does not do it!! The company does it, rather, is compelled to do it! As far as time lines, I have seen a company do it as far as 6 months ago...this company was in the act of getting its 10Q/K accepted by the SEC i.e moving from Pink to OTCBB.

most of their PRs were never 8Ked!!! And yes 8Ks are never deleted. But I have seen PRs(for other companies) deleted because of SEC scrutiny.

good point!/em

Jim, I just explained the mechanics!!!!

Regarding PR removals, the primary site where PRs are removed from is Yahoo Finance. I can vouch for this as I have seen SEC instruct (indirectly) companies to delete erroneous PRs via questioning/verification, etc as they move from Pinkc to OTCBB. It is hard to delete the PRs from the web as some will be found on some other sites like OTCBB, Marketwatch, etc.. But I have observed Yahoo Finance to be the primary venue.

Then who put out the second Edgar Financials...the first time around it is automatic. Anytime more than once it needs to be forced! So I do believe SEC has the financials.

Also, Someone mentioned Wayne Celia was talking about SEC doing the right thing (suspension)...this allows them to get organized properly....I believe the reorganization is complete and D&T is no longer required, either the company is going private or the holding company has already a good auditor.

All, IMO.

The current Rule 144.....holding period (no sale period) is 6 mos!

Can there be exceptions??

O.K Wadi, when the canceled shares are subtracted, then it is less than 2B shares. Sorry about that!

Yes, after netting out the canceled shares, and counting only the share totals in Millions, I get a number of approx...2.1B!! Is this list generated for public consumption??

Did someone tinker with the list??...

The company increased the A/S to 2Billion on 19 May. The list was created on 26 June. Were there any increases in A/S between 19 May and 26 June?? The total number of shares in the list exceeds 2Billion!! In fact the shares issued to CEDE on 6/11 is 1.575B and if you add the ones issued on 6/22 it comes to 1.75B!

I got it!

Well Wadi, this could have happened...............

Large shareholders may have requested certs(in large blocks) and as a result driving the SPNG share price up. When the price reached a certain level, then they may have deposited the certs into their brokerage accounts (and as a result CEDE's account gets credited with those shares). Keep in mind one can start trading the shares right away upon deposit, but CEDE's account may not reflect that right away as the Broker has to send the Certs to TA, TA then sends the certs to DTC and DTC then Demats the Certs which then gets credited to CEDE's account. Hey, that's a nice play....someone in groups could have done that. I have not seen the date yet on Patch's website....do you have a sepcific link on that website??

Good Q, when did SPNG change their TA?

You didn't answer my question....give me the date when you started on this project!!

Well, what do you call the guy who leaked his email...Slime ball of the worst kind (especially since Soapy indicated an NDA at the end of email)??!!! Leaks happen all the time....how do you think GS makes High Octane bets and profits from Shorting!!!!! Wall Street has the highest turnover....amongst all Industries!!!

A form 15c-211 can be approved in as short as 3-5 days.....I believe this can happen if the company gets current in all its Ks and Qs!

Good one!! I don't support lying but Soapy's confession was the first of its kind on iHUB, for that matter of fact on all MBs. After the exposure of his email, I think Soapy did the right thing, saved his butt!! But if I were Soapy, my choice of words would have been different...you see Soapy was putting out inaccurate information to figure out who was who!! As one poster said it 99% of all posters lie and I think that is more or less true and they do it in the name of making a profit from trades. Anyways, the only information people should believe are the filings or reports that can be third party verified.

From when were on you this project.....date please!!

SEC protects only Wall Street PIGS!!! IMO

In this case, it all depends. I know the process. I have been in this (investing) for quite some time. I suggest you open up your mind ( and also read all my posts regarding the process). I am not saying this because I have an investment in SPNG. I can stomach losses.

No we don't know that 100%!! Statistically speaking that is the route.

Speak for yourself!

"It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of SpongeTech Delivery Systems, Inc. ("SpongeTech”) because questions have arisen regarding the accuracy of assertions in press releases to investors and in periodic reports filed with the Commission concerning, among other things: (1) the amount of sales and customer orders received by the company; (2) the company’s investment agreements; and (3) the company’s revenues as reported in its financial statements. In addition, SpongeTech has not filed any periodic reports with the Commission since the period ended February 28, 2009."

It 'appears' to the SEC...that means the SEC is not sure. I believe all of this "because questions have arisen regarding the accuracy of assertions in press releases to investors and in periodic reports filed with the Commission concerning, among other things: (1) the amount of sales and customer orders received by the company; (2) the company’s investment agreements; and (3) the company’s revenues as reported in its financial statements." will be clarified in their 10Ks.

Let me give you an example of misinterpretation...most of the gurus and people of MBs have been saying that the company changed the A/S to 900MM but that was a fallacy. The PRs indicated that the company was moving towards an A/S of 900MM and O/S of 500MM. And then another complaint by people was the company keeps changing what they put out in their PRs but then the REALITY is CHANGE is a CONSTANT.

I hope you can understand what I am saying!!!!!!!!!!!