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I'm down for that NY
RP
that should have been a 4:15 pm PR to give the weekend as a cool off.
IMO
RP
SPNGE drama....
I need a drink and how.....May have to leave to get more alcohol...it's been a rough week !!
RP
Businesswire Delisting Notificatin.....
SpongeTech(R) Delivery Systems, Inc. Receives Delisting Notification from FINRA and Requests Appeal Hearing
4 minutes ago - Businesswire
Related Companies
Symbol Last %Chg
SPNGE 0.0681 -5.15%
As of 3:34 PM ET 10/2/09
SpongeTech(R) Delivery Systems, Inc. (the "Company") "The Smarter Sponge(TM)", (OTCBB: SPNGE), today announced that on September 25, 2009, the Company received a letter from the Financial Industry Regulatory Authority (FINRA) stating that, pursuant to NASD Rule 6530, the Company is required to file with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended May 31, 2009 (the "Annual Report") by no later than October 16, 2009. If the Company does not comply with this requirement, the Company's shares of common stock would not be eligible for continued quotation on the OTC Bulletin Board. The Company is requesting an appeal hearing with FINRA regarding the determination of the Company's security listing eligibility.
The Company previously announced that the delay of its filing Form 10-K for FY '09 was due to the Company's former auditor's difficulties with the PCAOB (Public Company Accounting Oversight Board). As a result, the Company's financial statement for the 2008 fiscal year is being re-audited and the financial statement for the 2009 fiscal year is being audited by the Company's new auditing firm, Robison, Hill & Co. The Company and its auditors are using their best efforts to complete the audit and file the Annual Report by no later than October 16, 2009.
After the submission of the 10-K/A for fiscal 2008 and the 10-K for fiscal 2009 year, Deliotte & Touche LLP will assume responsibility for the audit of the Company's financials beginning with the fiscal 2010 year that began June 1, 2009.
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge(TM) .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended May 31, 2008 and the Company's Quarterly Report on Form 10-Q for the third fiscal quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE: SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 877-218-8393
wayoung55@aol.com or info@spongetech.com
or
Investor Relations:
Corporate Evolutions, Inc.
Susan U, 877-482-0155
susanu@corporateevolutions.com
Interesting....SA Trading and SEK here are both associated with this Red Diamond Business Consultants in AR
http://www.nwaonline.net/articles/2009/02/14/business/021509bizincorps.txt
RP
Here is an SA Trading LLC out of Texas that does imports/exports
RP
http://www.importgenius.com/importers/sa-trading-llc.html
SA TRADING LLC FIRST ORDER INFO
RP
http://www.motortrend.com/features/newswire/34029/index.html
That is very interesting . . . thanks . . .
And we still have 1/2 hour of trading to go UP....(IMO)
RP
SURE why not ? I have pre-ordered countless DVD's and books before. I would think it's the manufacturers way of seeing how much is needed in the marketplace. Why manufacture a DVD with say 10 mil units off the bat (manufacture costs and time) when the immediate (pre-order) interest maybe for say 2 mil units ? Same for the sponges is my guess.
Besides I would think the pre-order figures are used in the sales process to the existing customers to further gain shelf space in the marketplace which is a very touchy process. There are reasons why products are in the specific places in stores. Some companies pay for the privilege of eye level and aisle end displays. My brother in law worked for a soft drink company and they had to pay for and stock their own end of the aisle display. Otherwise the display went to the next product or company the store wanted. This may not be the case in all stores, but it does exist.
Smart business if you ask me . . .
RP
We had 2 PR's yesterday, do I hear 3 for today ?
RP
Reuters still have SPNGE as OUTPERFORM as of 09/29/09....
I notice the float per Reuters is 332.100 mil
I don't know if you can view this link, but I got the Reuters report for all interested from Scottrade.
https://research.scottrade.com/research/common/pdf.asp?docKey=24-AF33B
RP
The SEC may not have to approve or deny a PR but in the case of SPNGE because of the complaints, public outrage, bad press and talk of major NSS.....IMO they have one eye on all they are doing (atleast for now) since this investigation is in process.....
Michael Moore's next movie ? - ""Getting Undressed/The NSS Conspiracy""
RP
Is Sponge soaking it up and preparing for a beatdown ?
It's not like they have not given enough warning to the shorts (IMO)....
RP
Plus even if they get 1% buys of the 143 mil views....1.43 million sales (possible) IMO
BONUS....Florida is a year round wash your own vehicle state. That's great for the sponge.....
Maybe a Miami Dolphin limited edition Sponge Football available for purchase a month prior to the superbowl and up to a month after the superbowl creating a collectible item too. I mean come on, people collect anything from beer cans to casino chips to beanie babies. How about Spongie Babies.....(I like that)
Anyways who the heck is selling at .29% increase to bring it back down to .069 ???? WTF is up with that....
GOOD MORNING ALL...Have a great day....
RP
IMPORTANT INFORMATION ?
I use Scottrade and the EPS/TTM was always a N/A.....tonight I noticed it now has a figure (.0122).....Is this a sign of anything that you know of now it's showing? Release of the 10k coming ?
thanks RP
0.0687/5000
Bid/Size (OTC BB)
0.0695/5000
Ask/Size (OTC BB)
0.0715
Price Open
0.0718
Previous Close
0.075
Day High
0.0666
Day Low
--
Beta (5yr)
0.2851/6/12/09
52wk High/Date
0.0060/3/17/09
52wk Low/Date
49.9 Million
Market Capitalization
722.9 Million
Shares Outstanding
201.27
Volatility Avg (1 Year)
166.6 Million
Avg Vol (10 day)
5.7x
P/E Ratio
0.0122
EPS (TTM)
Spongetech Delivery Systems Inc does not pay dividends.
Okay all, gotta run....Have a GREAT evening to everyone, tomorrow should be a GREAT day (green or red).....
Keep hope alive right.....
RP
Who is David Klecker anyways? Maybe you should forward that post to Spongetech Mgmt for their SEC investigation.
RP
I would love that tutu....I don't know about .09 but with all this negativity on this board tonight we should be GREEN tomorrow (IMO)
RP
Mgmt was going to release the o/s and sales figures within the 10k but now they need to re-audit per the SEC and since the notification of an SEC investigation, they probably are prohibited to say much of anything about anything pertinent.
I wouldn't doubt the PR's today and last week have been pre-approved by the SEC for release.
ALL IMO
RP
I plan on holding and staying long.....I have not sold a share yet. I do however re-evaluate my situation all the time which will be different from other's situation.
"It has been my contention management has done many things to shake out retail....
Now here is my concpiracy theroy that I hope is wrong....
Management will not file the 10k on time allowing the pps to tank therfor shaking out existing retail..."
RP
Hi Deb, I thought '09 was complete and they only had to re-audit '08, but could not file the '09 until the '08 is re-done?
Also, I was thinking this morning that even if they (the audit firm) was ready say 2 or 3 days ago with the re-audit, I feel the audit firm is going to go extra slow to make SURE they don't forget to cross a T and dot an I. They know SPNGE is breathing down their throats to get the job done ASAP, SEC is watching, Audit firm credibility is at risk, IR letting SPNGE daily know the barrage of calls and messages they are receiving to produce results and lastly they don't want to be the subject of an article by online message writers or newspaper journalists.
(ALL IMO)
RP
SJJ I don't have private PM capabilities. I understand your frustation, we all are feeling it and the future is unknown for all parties involved and there are countless within this stock that have alot of monies tied up.
I feel we all are entitled to our opinions and have to trade the way we feel too, but your comments are not just opinions any longer (IMO). They are downright negative against the company (maybe frustration) and now they are seeping into whatever product they have produced and are going to release.
They need new products to release as the car kit is a spring/summer product unless you live in an area to wash it yourself in the fall/wintertime.
They need to gain marketshare to get more products in more shelf space in the marketplace.
I wish you the best and from your previous posts you have tied up monies I believe you stated you should not. I would not tell anyone how to trade, but you may want to really look at your situation closely then and trade accordingly. This stress is not good for you or anyone else.
GLTY and GLTA
RP
IMO the various types of sponge releases are for different tastes. You know different strokes for different folks. Maybe one kid just love's the new foam pals but hates spongebob. Some kids might like the new colors and hate the color yellow (of spongebob). Who knows, there are a billion types of toliet paper or shampoos. I don't believe ONE product is for everyONE. And it's all about obtaining and gaining on marketshare.
Lastly this is what they do.....SPONGETECH DELIVERY SYSTEMS, INC...they create new sponges with their propriatry delivery system. Sponges for different uses, home, medical, etc, but this is their delivery system the products are based around.
RP (JMO)
I have bought several car wash kits for myself and family...we all love them.
I have bought 10 spongebob sponges and love them too. I have been using the 1st of the 10 sponges since June and there is still soap coming out of the 1st sponge.
SJJ When you were sponge happy all was well, it is real clear where you stand now.
You used to give us all motivation, this is not motivation now.
RP
That's just graffiti...disregard it....
RP
"I supported SPNG for quite a while but the writing is on the wall."
Could S.A. be for South Asia or Southeast Asia or Saudia Arabia ? The extension .sa is also used after the internet listing of .com
here is an example.... www.ae.com.sa
RP
Thanks so much....I saw this on the level II provided on the spongetechinc.com website (under investors/stock performance) and was really curious how this occurs. I see the usual suspects listeted there at the top of the list all speak of often. I REALLY hope they are (spnge mgmt) able to get a handle on this share price soon. Soooo many stocks with no fundamentals to back them up are $.60 or more.....It is such a shame we are at this level.
I guess nothing has changed, most are really waiting for the required filings prior to the SEC investigation and now since the release of this investigation.
http://www.spongetechinc.com/investor/stock_performance
RP
All Walgreens and CVS in my area (Southern Cal/Pasadena) have them but they are often sold out,,,,
RP
Wadi do you know why these specific MM's are doing the ask for $1.00 up to $5.00 ? (Starting with DLNY and GNLR)
thanks RP
Ask Size MMID Time
↓ 0.0691 5000 CloseHudson Securities, Inc.
INSTITUTIONAL SALES
800-419-9187
201-216-0375
CANADIAN ARB
201-216-1475
BOCA RATON, FL
800-898-2777
JERSEY CITY, NJ
212-227-7733
JERSEY CITY, NJ
800-624-0050
INTERNATIONAL
888-306-1998
COLORADO
888-576-1828
JERSEY CITY, NJ
201-216-9100
561-361-0951
HDSN 14:28
0.0692 5000 CloseKnight Equity Markets, L.P.
BULLETIN BOARD
800-232-3684
INTERNATIONAL
800-762-0271
BROKER/DEALER DESK
800-274-9382
HELP DESK
888-931-HELP
NASDAQ TRADING
800-544-7508
INSTITUTIONAL DESK
800-222-4895
FOREIGN BULLETIN BD
212-336-8841
DELISTING/BANKRUPTCY
212-336-8725
NITE 14:28
0.0692 5000 CloseAutomated Trading Desk Financial Services, LLC
TRADE DESK
843.789.2080
TRADE DESK TOLL FREE
866.283.2831
AUTO 14:28
0.07 5000 CloseVfinance Investments, Inc
OTCBB/PINK SHEETS
561-981-1314
OTCBB/PINK SHEETS
800-487-0577
PHILADELPHIA
856-234-2900
VFIN 11:58
↑ 0.07 5000 CloseThe Vertical Trading Group, LLC
B/D Sales NY
212-430-3561
Trading
212-918-1202
B/D Sales Richmond
804-282-4650
VERT 13:53
0.072 5000 ClosePershing LLC
BULLETIN BOARD
201-413-2700
866-880-9410
JERSEY CITY NJ
201-413-3531
NASDAQ TRADING
800-305-0161
DEALER DESK
201-413-2465
PERT 10:21
0.0721 5000 CloseNatexis Bleichroeder Inc.
ARBITRAGE
212-333-4441
FAR EAST
212-299-4508
ARBITRAGE
212-333-4440
INTERNATIONAL
800-223-3134
DOMESTIC
800-221-3365
DOMESTIC
212-299-4500
SOUTH AFRICA
212-299-4513
BROKER/DEALERS SALES
800-325-ABLE
EUROPE
212-299-4505
CONVERTIBLE
212-333-4554
LATIN AMERICA
212-299-4511
ABLE 09:36
0.0748 5000 CloseFinance 500, Inc.
FLORIDA
561-353-0660
FLORIDA
866-330-0338
BULLETIN BOARD
949-724-4880
NASDAQ TRADING
949-724-4880
FANC 07:30
0.075 5000 CloseStockcross Financial Services, Inc.
Jersey City, NJ Bank Stocks/Inactive Sec
800-993-2075
Jersey City, NJ Distressed/Bankruptcy
800-993-2083
Lake Mary, FL International Desk
800-993-2010
Jersey City, NJ Preferred/Convertible
800-993-2055
Jersey City, NJ OTC/BB/Pinks Equities
800-993-2009
STXG 13:24
↓ 0.079 5000 CloseMERCATOR ASSOCIATES, LLC
desk
212-209-3911
MERQ 11:13
0.08 5000 CloseSeton Securities Group, Inc.
OTCBB AND PINKS
732-739-3800
NASDAQ TRADING
732-739-3800
SSGI 07:30
0.0802 5000 CloseJesup & Lamont Securities Corp
JSUP 07:30
0.082 10000 CloseArchipelago Trading Services, Inc.
NASDAQ TRADING
312-960-1318
OTCBB TRADING
312-442-7700
ARCA 14:27
↓ 0.084 5000 CloseMurphy & Durieu
N.Y. CONVERTIBLE
212-618-0915
FL OFFICE LOCAL
954-491-4545
FL OFFICE TOLL FREE
800-929-2111
NY, INSTITUTIONAL
212-618-0758
PFDS & WRNTS
800-227-3210
MURF 14:11
0.087 5000 CloseDomestic Securities, Inc.
EDISON, NJ - OTC
732-661-0300
MONTVALE, NJ HQ
201-782-0888
DOMS 13:53
0.0879 5000 CloseVandham Securities Corp.
WOODCLIFF LAKE, NJ
888.356.2179
WOODCLIFF LAKE, NJ
(201) 782.3310
VNDM 10:03
0.10 5000 CloseMartinez-Ayme Securities
TRADING
305-271-0805
AYME 13:58
0.11 5000 CloseLaBranche Financial Services, Inc.
OTCBB
877-527-7716
212-482-3666
AGENCY DESK
800-221-4074
INST L EXEC DESK
212-482-3592
LABS 09:41
0.20 5000 CloseTiconderoga Securities LLC
FORT 09:39
0.25 5000 CloseDELANEY EQUITY GROUP LLC
DLNY 07:30
1.00 2500 CloseGunnallen Financial, Inc
GNLR 07:30
1.00 2500 CloseJ.P. Turner & Company, L.L.C.
BULLETIN BOARD/PINK
404-479-8321
NASDAQ TRADING
404-479-8321
JPTC 07:30
1.01 500 CloseSpartan Securities Group, Ltd.
ST PETERSBURG, FL
727-823-2058
MICA 07:30
5.00 500 CloseSeaboard Securities, Inc.
FLORHAM PK, NJ
973-514-1500
AGENCY DESK
973-514-1678
JUNO BEACH FL.
561-630-6170
NASDAQ/OTCBB
973-514-1699
SEAB 07:30
↓ 5.00 500 CloseLampost Capital, L.C.
BOCA RATON,FL
561-883-1410
BOCA RATON, FL
561-883-0454
LAMP 08:52
Maybe it's an illusion like the $.72 yesterday....
RP
I think they will try their best to have it complete. SPNGE mgmt knows what is at state here.
Time for a group huh Jan....
RP
You really have no idea how it will turn out and I have no idea how it will all turn out and I don't believe anyone else in this forum has any idea really how it will all turn out.
You seem to LOL an awful lot, huh....
"how is it spnge and spngers to be in the skulls and bones rating and the garbage rating, and your not there because of a late 10-k no,no,no,no..
Your there because the SEC investigation is serious, this is all starting to unfold, as far as the stock goes SPNGE it was beaten down so much it was due for an up day but dont worry that will coem to an end to...this stock is headed for the crapper just like your stock rating now lol, one evnetually follows the other...enjoy.
So much for the Nasdaq listing, LOL."
What is everyone's feeling how this went through at $.72....just plain system error ? OR ????
Would it not go through for the amount of the asking at the time of the trade? I notice a T trade at $.072 was traded later on for the same 14,000 shares.
thanks,
RP
Time & Sales
Price Size Exch Time
t 0.0685 600000 OBB 16:14:11
t 0.0635 463054 OBB 16:08:40
t 0.072 14000 OBB 16:04:05
t 0.0717 50000 OBB 16:03:17
t 0.0717 50000 OBB 16:00:52
t 0.0719 100000 OBB 16:00:25
t 0.0719 12000 OBB 16:00:25
t 0.0719 30000 OBB 16:00:25
t 0.0718 5000 OBB 16:00:21
0.72 14000 OBB 16:00:04
0.0718 15000 OBB 15:59:55
That was only a landfill of untruths, not a mountain of DD....
"Mountains of DD have been presented on this board and elsewhere showing SPNGE is a scam."
up 20% right now and high of the day..... :)
I agree.....I was just making a point.....Did you see the reasons the trading was suspendend on those companies. Most were for not filing required filings in YEARS......W O W ....
I agree with what you are saying though. I don't think this will happen to SPNGE though (IMO).
I have never sold one share since April and will continue to hold atleast for awhile longer (week or two).
RP
I found the trading suspension page interesting. I pulled up the latest supsensions for trading check out the reasons. I don't think SPNGE is ANYWHERE close to these (IMO)...
Per se, I could not find Spongetech listed in the search page, I did not check for the mgmt names.
just an FYI for the forum.....You know more DD = Happy Life....
RP
You can search the SEC Investigations here....
They also list any SEC trading suspensions....
http://www.sec.gov/litigation.shtml
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Commission Opinions and Adjudicatory Orders
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--------------------------------------------------------------------------------
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