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IT TELLS US YOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT BECAUSE WE ARE LOOKING FOR A 10-K NOT THE 10-Q....
AM I WRONG, BUT 10-Qs DONT EVEN HAVE TO BE AUDITED....!!!!!!!!! UNREAL!!!!!!!!!!!!!1
ARE YOU GUYS SMOKING CRACK?!>!? WHAT DO YOU THINK SOMEONE IS BUYING?
NO ONE IS GOING TO BUY A COMPANY FROM TWO CLOWNS WHO CANT EVEN PRODUCE AN AUDITED DOCUMENT STATING THEIR FINANCIAL STANDING AND SHARE STRUCTURE. WHAT DO YOU THINK, THAT THEY HAVE THE 10-K ON SECRET LOCK DOWN, ONLY ALLOWED TO BE SEEN BY PEOPLE WHO ARE INTERESTED IN BUYING OUT THE COMPANY? DO YOU REALIZE HOW ABSURD THAT STATEMENT IS?
THESE GUYS CANT EVEN PROVE TO THE MARKET THEY ARE COLLECTING REVENUE AND YOU GUYS ARE SO BLIND THAT CUZ YOU THINK SPNG HAD A DEAD-CAT-BOUNCE AFTER A 60% DECLINE THAT SOMEONE IS SUDDENLY INTERESTED IN BUYING THEM?
No one can act legally on information that has not been disseminated to the general public as a whole. Its absolute insane to think otherwise, and if the SEC is giving Spongetech a hard time about audited books, do you think they wouldn't launch an OUT-OF-THIS-WORLD Investigation into the company if they suddenly had a tender offer
if anythING, AYME, is helping someone with a hostile take-over of spongetech. read their web-site, hostile take overs are one of AYME's specialties. THAT IS WHY THE MANAGEMENT CONTNUES TO HIDE THEIR REAL SHARE STRUCTURE, AND ALLOW FOR MANY MORE SHARES TO BE ISSUED TO PREVENT ANYONE FROM DOING THIS....
AND AS IM WRITING THIS, I AM REALIZING THAT THE MANAGEMENT COULD LITERALLY HAVE THEIR FRIENDS TO PRETEND TO TRY AND BEGINA HOSTILE, OPEN-MARKET TAKE OVER, AND THEN THE MANAGEMENT USES THIS EXCUSE AS THE REASON THEY WILL HAVE TO SELL MILLIONS OF MORE SHARES POST SPLIT.
Many of you will see that the press release where the officers bought 18-million shares of SPNG, THEY SIMPLY FLIPPED THOSE SHARES FOR A QUICK 60% PROFIT, THEY WERE JEALOUS OF RETAIL THEY WERENT GOING TO LET THE REATAIL INVESTOR SGET AWAY WITH ALL THE PROFITS...SO THEY BOUGHT AND FLIPPED A BUNCH OF SHARES
LOL, $SPNGE also looks like a peice of junk WHENEVER YOU HAVE ANY SPOKEN INTERACTION WITH ANYONE INVOLVED WITH THE COMPANY....
BILL YOUNG, MOSKOWITZ, SUSAN WHO EVER FROM, lol, IF SHES NOT A JOKE I DONT KNOW WHAT IS...THE GUYS WHO ANSWER THE PHONE WHEN YOU CALL SPONGETECH. THERE IS NOT ONE TRUE PROFESSIONAL ASSOCIATED WITH THIS COMPANY, AND THATS WHAT IM TRYING TO SAY IS THAT THESE GUYS CANT FIND THEIR WAY OUT OF A WET PAPER BAG AT THIS POINT. THE R/S IS GOING TO BE HILARIOUS. TRULY A SPECTALE. IM SURE WE WILL HEAR NOTHING ABOUT IT FROM THE COMPANY, IT WILL JUST MAYBE OR MAYBE NOT HAPPEN. I DOOUBT THE MANAGEMENT EVEN HAS AN EXPLANATION ON THEIR NASDAQ SITUATION
A SPONGE AND A SHARE STRUCTURE THAT IS UNKNOWN, AND THEY JUST ABSOLUTELY REFUSE TO ACKNOWLEDGE ANYTHING REFERENCING THE SHARE STRUCTURE.
I LAUGH EVERY DAY THAT THEY DONT REVEAL IT.
I will never agree that its even about the product. Americans are a consumer nation and will buy any crap you offer them.
The real issue at hand is the share structure. Either these guys are buying back Spongetech stock, or they are selling the stock on the open market. BUT THEY REFUSE TO SHOW THE MARKET PROOF. THEY JUST DOWN-RIGHT HAVE TOLD SHAREHOLDERS TO GO SCREW THEMSELVES WITH THE ACTIONS. THESE GUYS ACTIONS SPEAK VOLUMES COMPARED TO BILL YOUNG'S PRESS RELEASES. Just remember, just because they said the officers of the company bought stock when we were near .09, that doesnt mean they cannot sell the stock at .16+ for 50%+ gains!!! These guys are just trading this stock, reaping the profits, and could care less about the success of the company.
FOR ANYONE TO BELIEVE THAT MOSKOWITZ AND METTER DONT TRADE THE STOCK, ITS JUST ABSURD BELIEF THAT THEY DONT MANIPULATE AND TRADE SPNGE.
The reason I believe for the reverse split is the only option they have to 'TECHNICALLY' not be called liars....They will be able to twist and hide the real share structure behind complex deals of share buy backs and share sales. I WAS TOLD BY A MUTUAL FUND MANAGER THAT THERE ARE 1000S WAYS FOR THEM TO DILUTE AND HIDE IT BEHIND THE R/S, BUT THERE IS ONLY ONE WAY FOR THEM TO PROVE THAT THEY ARE REALLY BUYING BACK SHARES, AND THATS TO JUST RELEASE THE AUDITED INFORMATION IN A SEC FILING. The problem he said, is that management, probably has no idea how many real share exist. He said that they have most-likely made it so complex that Robinson cant even figure out how many shares Moskowitz has issued to people.
In all seriousness, I was wondering if anyone has heard about the 10-K or when it will come out? ANYONE HAVE ANY IDEA WHEN THE 10-K COMES OUT?
Im sure management must have given some sort of update?
THE SPONGEBOB SPONGE ISNT EVEN IN STORES YET!!!!!!!!!!!!!!
ITS SOLD AT LIKE ACE, THATS IT
Im holding 900 shares for the squeeze, LOL, so I am still technically LONG.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
BUY BUY BUY BUY BUY BUY
SIKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If these guys had half a brain about running a company, they would have been planning on releasing the 10-K on time..
LOL, I GURANTEE YOU SHAREHOLDERS NEVER EVER SEE THE 10-K
ITS JUST NOT GOING TO HAPPEN, THESE GUYS ARE GOING TO BITE IT HARD FOR SCREWING AROUND FRAUDULENT FINANCIAL STATEMENTS.
THESE GUYS ARE SCARED TO DEATH TO LET THE PUBLIC KNOW THAT THIS COMPANY HAS BEEN ONE BIG LIE
Just remember people, you have no proof of ANYTHING that these guys have said, and the proof, the 10--K, its DELINQUENT!
Management doesnt not have an ULTIMATE PLAN! They arent even intelligent enough to plan a few months ahead and get their books re-audited. These guys are a mess, and the 10-K will not be coming out for weeks, if ever. This is absolutely pathetic of their part.
Damn, thinking about it, the way Moskowitz and Bill Young speak and act, they are some of the most incompetent people I have ever come across...
You guys are on Jupiter, A WHOLE ANOTHER PLANET...No one is going to buy this company. There is not a grain of proof to anything that these men have been telling shareholders. They are the least "share-holder friendly" company in the OTC
ARE YOU SERIOUS?! My typing just doesnt express the ABSURDITY, that the people who run this company REFUSE to release their financial information. I seriously cannot believe that this has gone on for now 120 days.
HAHAHHA, Wow, we shall see...There really isnt mush more to say.
Now AYME has become just another Maker, playing the the spread so that they can make back the millions they have lost buying a position in the upper teens---what a joke....
Absolutely. The ignorance of these guys, combined with their demeanor and actions surrounding this 10-K and their muteness on share structure, absolutely I believe they are this scared and stupid to drag this out as long as possible.
Just like every scam you have veer heard of, the people commiting the fraud are IN SO DEEP, they can to continue to perpetrate the fraud for AS LONG AS POSSIBLE. They dont just want to fold, they will continue to bluff "UNITL the Dealer (SEC) forces them to turn up their cards."
Like I just said, I have already spoken with a securities litigation law firm, and they told me that we just have to see how it plays out, but if any information in the 10-Qs or last years 10-K were blatent lies, well then we absolutely have a case, ESPECIALLY SINCE THE PEOPLE FINANCING THE COMPANY ARE OFFICERS OF THE COMPANY TOO....
If the 10-K does not confirm the numbers in all of there 10-Qs, well then yes, we all have an excellent case. Its obvious that this is the case, and its the reason Robinson wont sign off on it.
Well thats the whole thing...You dont...Get the picture. This stock is dead. LOL, i feel so bad for people who are ignorant enough to hold this stock with the E on the end.
HAHA, the shorts couldnt have got this more right. It all makes sense. They will never have to cover. THERE IS NO WAY THESE GUYS CAN RECOVER FROM RE AUDITING COOKED BOOKS.
Honestly, they probably cant even account for the 50 million in revenues they kept PRing.
Im sure its more like 22 million in actualy collected revenues...maybe $5 million in profits, but on top of massive fraud and lies, the $5 million in profits wont make a difference.
AYME continues to buy so that the shorts can relentlessly continue to sell these shares day in and day out. Thats what all the after hour T trades, million share lots...
That is just market makers settling with each other for all the shares they sell to AYME during the day, and then he gives them back, so its not blatantly obvious that they are selling to themselves.
Im already arranging it. I will begin to post information for contacting my lawyers as this plays out.
I sold, I am angry, and I have phone calls with Bill Young recorded, ON AUG 31, he told me the 10-K would be out after hours.
And if they really didnt get the letter from the SEC until Sept 11, 2009. WELL THEY ARE IGNORANT FOR NOT RELEASING THE 10-K ON TIME AND THEN SEC WOULD HAVE NEVER TOLD THEM TO REAUDIT THEIR BOOKS.
I think alot of people are in denial when it means when a company has been told by the SEC that their past financial statements mean nothing and they need to be redone.
its all coming crashing down for Moskowitz, and thats why hes trying to hide as much money in FUGU and Vanity as possible before this becomes the next episode of American Greed
AND FOR PEOPLE WHO THINK AYME IS HELPING US.
AYME is just part of a larger conspiracy to hold the stock price up while they other market-makers and broker dealers unload all their shares. If they tried to unlaod everything at once with out having AYME buy up some and then continue to sell it through other MMs and Broker dealers....
Come on get a clue people.
If you really think AYME is buying for himself or for somoene else, your sadly mistaken. Professional trading desks with years of experience dont build losing positions.
Right now, AYME is down millions of dollars on his trade. He bought so much stock at .16 .17, all the way up to .22
Now he is down 50%+ on millions of dollars. Do you really think sumone is that ignorant, especially sumone that prestigious and bonafide in trading.
Ayme is helping the shorts drive this down by reusing the shares that he buys to continue to sell.. Although they are losing money by doing this, they are creating panic and destroying investor confidence, and will eventually beable to buy all their stock back for under .02 (or $2 I should say)
These short couldn't have got their trade more right...Of course they had to fight back whenthis rallied up to .28 The were boaund tolose ALOT of money on Sm and MM's fraudulent 10-Q
Obviouslt the 10-Qs have never been audited, especially if D&D was our auditor. this is all crumbling apart.
These guys are professionals, and that is ONE thing that crossed my mind, is that there is no way an NSS fund is taht ignorant. The know sumthing we dont. And tahts what they knew, that these guys were crooks
THERE IS NO PROOF OF ANY OF THAT. THAT IS THE POINT OF THE 10-K. THE 10-K IS THE ANNUAL DOCUMENT THAT SHAREHOLERS ARE ENTITLED TO IN ORDER TO PROVE TO THEM THAT THE THINGS THE COMPANY HAS BEEN SAYING ARE TRUE....
ITS AN ABSOLUTE JOKE AND INSULT TO YOUR INTELLIGENT...
IF DOUG HAS BEEN BUYING SO MANY SHARES, WHY DOESNT HE JUST BUY THE COMPANY?! WTF, YOU CAN ONLY BUY SO MANY SHARES DOUG...JUST BUY THE COMPANY...
ANYONE WHO BELIEVES THIS CLOWN IS A ON ANOTHER PLANET.
THE 10-K IS 17 DAYS LATE, 2 DAYS DELIQUENT, AND THERE IS NO EXPECTATION ON THE RELEASE IN SIGHT.
And the most ignorant part about the R/S is that every disgrunteled shareholder and every random joe-shome trader will now beable to short SPNGE AFTER IT IS ABOVE $5 (R/S)
BOY I CANT WAIT TO CLICK THAT SELL SHORT BUTTON THE MORNING OF SEPTEMBER 23
ITS AN ABSOLUTE JOKE FOR MANAGEMENT TO ACT LIKE THEY DIDNT KNOW THEIR 2008 NUMBERS HAD TO BE RE-AUDITED.
Its going to to take months to get that done. This stock will be be around $1 2 months after the R/S, SPNGE will have already been listed to Pink Sheets, and as the public begins to hear the about the massive frauds these guys have committed, the public will surely think twice about contributing money to them through product sales, because we all know, the PUBLIC HATES SCAM ARTISTS
Absolutely. I have been sending Texts back and forth with Bill Young, telling him the same thing. This is the beginning of the end for this company. I will delight watching this stock crash and the management try squirm out of this massive fraud they put themselves in. I can tell that by the way Moskowitz spoke with me on the phone, he knows this is the beginning of the end. The way he said it...the way Moskowitz said, "The accounting firm wont sign-off on the 10-K." <--- He said it like he knew he had been caught. He knows he has made a dreadful mistake, and now it has caught up. Overachiever was correct about all the people in the 2008 10-K who dont exist. I searched for them endlessly. I went way past google. I called many business directories and searched overseas for any signs of these companies. They do not exist. BOTTOM LINE. There is information in that 10-K from 2008 that is just blatantly fraudulent. ANd if they didnt make the revenues that they posted in those unaudited 10-Qs, OH< I WILL DELIGHT, I WILL TAKE VACATION TO WATCH THESE FOOLS GET TAKEN INTO CUSTODY. I WILL ALSO WRITE THEM LETTERS ALL THE TIME RUBBING IT IN THEIR FACES WHAT FOOLS THEY ARE.
Everyone knows these sponges aren't selling like hotcakes...They cant even get the Spongebob Sponge into stores...
Just looking at Moskowitz, his physical health and demeanor, the cheap cell phone on his hip, and the DRUG ADDICT FAILURE who he is standing next to in the picture says it all.
its very funny, I actually had one of my friends who I tried to turn on to this stock, I sent him the link to the iBox here, and he said he would invest in the company's prospect, but he just cant respect or trust an overweight, disgusting person standing next to an OPENLY KNOW ADDICT....
I gave the guy the benefit of the doubt. Shows what I know, I passed on selling 100k+ share at +.20 twice. Im a fool for that, and of course bitter, but the way these guys have LIED. And I knew it, tahs what I was screaming. I really did think they had a master plan, but its so obvious who ignorant these guys are....
What no one ever rebuts with is....ANY SELLER WHO SELLS NOW BECAUSE THE PRICE DROPS, CAN BUY BACK IN ANY ANY TIME!!!!!!!
its truly unbelievable to read some of this....WHAT DO YOU THINK IS GOING ON HAPPEN? ITS TRULY UNBELIEVABLE....TO ACT LIKE IF YOU SELL THE STOCK YOU ARE FOREVER BANNED FROM BUYING IT AGAIN!?!!
UN REAL, THIS IS BECOMING S SHOW AND A HALF....
Just looking for sumone to prove me wrong....
IF ANYONE, WORTH THEIR WEIGHT IN SALT, WAS BUYING THIS STOCK, IT WOULDNT HAVE JUST WENT FROM .22 TO .09 IN 8 TRADING DAYS...
Like at some point, you have to realize your holding toxic paper...
I KEEP ASKING BECAUSE NO ONE ANSWERS. BUT WHAT DO YOU PEOPLE THINK IS GOING TO HAPPEN? THAT THE 10-K IS JUST GOING TO APPEAR?
THE 10-K WILL NEVER COME OUT...
ALL OF THE INFORMATION IN THE 2008 10-K WAS FRAUDULENT.
The NYP article told us nothing that management didnt tell us in the PR the morning following their delinquent 10-K
EXACTLY, whats really on their mind if the fact that they are now being investigated by the SEC.
When the SEC inquires about your old financial statements, there is a problem....
Now, with ever thing that has gone on, and through all the shady stuff, the breaking point for me is that when I called Moskowitz 1 hour before the 10-K deadline, he tried to tell me that the 10-K was being "edgarized"
The guy is on drugs...Its obvious, he couldnt even speak clearly.
There is no proof of a single number you listed. Its all lies. These guys know they are going to jail, and thats why they are acting accordingly....
There is no 10-K coming. The company is going into the ground. Metter has already began to distance himself from Moskowitz and RMEnterprises.
its all so obvious.
Yes, I did sell.
Honestly, Im not here to Bash, I was holding 200,000+ share really believing that the 10-K would be on time....
I posted all day on Sept 15. I was the one who called Moskowitz 40+ times. He sounded like a scared little man, he was even VERY hesitant to say that he was infact Steve Moskowitz. (how I wish I would have recorded the conversation)
These guys are liars. I feel sorry for everyone who hasnt traded this, who has took these guys at face-value and "invested" in this company. What so few people are willing to recognize, is that there is so little that can really make this stock recover. Honestly, WHAT DO YOU PEOPLE THINK? THAT THE 10-K IS GOING TO MAGICALLY APPEAR? THESE GUYS REFUSE TO EVEN ACKNOWLEDGE WHAT THE O/S IS FORMALLY.
What do you mean?!?! "SM is refuting the allegations posted here that Robison won't sign off on the 10K."
Did you just talk to him?!
I called his phone about 20 times about 10 minutes after 5:30
He answered, and when I asked about details on why is the 10-K is going to be deliquent....he said that the "old accounting firm" will not sign the 10-K
That is all I can really say.
Honestly, all this is so shocking, that I dont really have much more explanation....I am so shocked he would even tell me that...and the way he said it was like he was blaming the 10-K being late on the "old accounting firm" (I am not even sure who he is referring to...isnt D&T the 3RD accounting firm Spongetech has had in the last year?!?!)
It was me both times, First he said it was being edgarized and then just a few moment ago he said the old accounting firm refuses to sign the 10-K
What does that mean? Is it the old accounting firm who was the one that completed the 10-K? Or does D&T have something to do with this?
This is really lame. I am not sure what to think...I also don't understand what will happen if the old accounting firm doesn't sign it...
Because I dont stop calling him. Like I said, I called 18-20 times in a row each time before he answered my call. I pretty much jam his phone line until he is forced to take my call to prevent me from calling back....
This is INSANE.....he told me the old accounting firm refuses to sing the 10-K...and that Spongtech is trying to get a "waiver"
I said, "I thought you told me a few hours ago that the 10-K was filed already" He responded with something along the lines..."It has been filed, the old accounting firm will not sign off on it."
One time he said "sign" and the other time he said "Sign-off"
It doesnt make much sense to me....
what does everyone think?
Im absolutely serious. I called his phone another 15-20 times before he answered. He was actually a little more upfront...
I said I thought you said you had already filed it....He said they did, they are just waiting for the old accounting firm to sign off on it...
I dont know what he means, he said they are working on it...but the old accounting firm will not sign the 10-K
What does this mean?
I just talked to Steve Moskowtiz again.
I am speechless, he actually told me that the old accounting firm will not sign off on the 10-K....
I dont know what this means...this is horrible, I cannot believe these guys have screwed us over so hard....
What does that mean, the old accounting firm will not sing off on the 10-K?
why isnt anyone else calling moskowtiz
Moskowitz 917-685-4958 He answered after about 17-18 times. Keep calling, i wouldnt give up
EVERY SHARE HOLDER NEEDS TO CALL MOSKOWITZ AND LET HIM KNOW HOW YOU FEEL ABOUT THIS....917 685 4958
I swear, I hope this guy is telling the truth. It def sounded just like him, shy and timid, and almost unsure as to what to say to me....
He said hopefully it will be out today because he didnt seem SURE if the SEC would release it. I am sure this is just his way to beat around the bush...
Other people should call him, especially as it closes in on the final 14 minutes....
Steven Moskowitz... (917)-685-4958
So, I know this is hard to believe, Someone posted Moskowitz's number about 30 minutes ago....So i started calling it....
The number is (917)-658-4958.
I know people arent going to believe this, But, I began calling his phone number about 40 minutes ago. I called about 18 times before he answered, but it was obvious he was around his phone because it kept beeping like it does when someone is on the other line and you are calling in....
Anyways, He answered, and I immedaietly asked, "is this Steven Moskowitz, CEO of Spongetech??"
He said yes
And I just asked him when is the 10-K financial report going to released, and he said, "Hopefully this afternoon."
I blew up, I said, "Share holders have been waiting 105 days for this. You had a 15 day extension!"
Then I said, "I don't understand why you cant just tell me yes or no if it is coming out today."
He then said, along the lines...that the 10-K had been filed and it was in the process of being 'edgarized.'
I am not really sure what he was referring to...so I asked him, "Excuse me? In the process of what?!"
And he once again, said the word "Edgarized"
I am so unsure what to think...I am not making this up. Believe me, I have been a long term shareholder in this company, and through thick and thin, I have held most of my stock. Im at wits end, and obviously, the optimist here want to think that the company is still on the up-and-up, but if you cant release your 10-K on time, your company doesnt have alot of hope.
From what this guy told me, the 10-K is complete and filed, and in the process of being "edgarized"
I guess he is referring to the Edgar release page? Are people checking for the 10-K still?
IR is worthless