Hmm, probably need to wait and see what the new york post thinks

Thats funny, $45 Million market cap for a company that did $70M in rev last quarter.
$70 x 4 QUARTERS= $280M
20 % profit margin=.2* $280M= $56M in Annual Net Income
So spongetech trades at a .8 PE! POINT EIGHT!!!! OPEN TABLE TRADES a 600 X PE! Oh today is yom kippur, the last of the 10 days to repent. Well, I doubt shorty got all his repenting in, shall the squeeze start tomorrow?

ha, i like that quote.

Big Lug, Read about YOM KIPPUR on wiki, talks about the 10 days to repent from rosh, is MGMT giving shorty 10 days to repent and get even before they are toast? Let the shorts 1 last day to clobber spnge on this news, then tuesday is go time to the upside.

YEAAA BABY! thanks. You tell me a stock where the float is owned sever times over, regardless of cash flow positive or negative, and I'd be willing to throw some money in it. Makes sense for any big investor to buy a sizeable position, then buyout the company just to create squeeze. Now you tell me a company with great products, positive cash, and a huge short position, and I'm all in. GO SPONGETECH

Does this at all take away from the fact that the float is owned several times over? This company could have negative cash flow and it would be worth a large investor or fund to build up a sizeable position, then offer to buy the company for no other reason than to squeeze the shorts to epic proportions. The amount of shorts in this thing alone are enough reason for me to want to own the stock, not to mention the great products and what I think will set the standard in kitchen sponges.

London closed, Europeans shorts going home for weekend. Now would be a great time to burn shorty.

DON'T SELL! WAIT TILL TUES! YOM KIPPUR!, READ WIKI, talks about the 10 days to repent, is MGMT giving shorty 10 days to repent and get even before they are toast? Think about all the attacks this week, 3 post articles, top notch basher posting on ihub, and opening lower ever day. These guys know their days are limited.

nice find

DON'T SELL! WAIT TILL TUES! YOM KIPPUR!, READ WIKI, talks about the 10 days to repent, is MGMT giving shorty 10 days to repent and get even before they are toast? Think about all the attacks this week, 3 post articles, top notch basher posting on ihub, and opening lower ever day. These guys know their days are limited.

This Kaja better hope to god spongetech is a scam, because if it isn't, I'm going to have a good chuck of change I'm going to spend just on her, exposing her ties to the naked shorts is kids play, hmmm. So I was thinking, the period between Rosh Hashanah and Yom Kippur are the 10 days of repentance according to Wiki. I wouldn't be suprised if SM and MM are giving shorty 10 days to get even, and at the end of those 10 days, you know what hits the fan. Yom Kippur is monday, so I think we could perhaps expect something tues or wens.

wow I was looking at that 2 hours ago and wondering why it wasn't down more, should have shorted that puppy.

we shall see with the 10k JR.

I don't know why this thing can't break further. Alot of money has already bought in, I doubt given the recent performance there is going to be a rush of new money. Shorts can press this thing to .05, why not? Sell another 100m airshares and maybe they can cause panic and cover 200M? I got in this thing saying I risked it going to zero, or making big money, plan hasn't changed. Although I'm sure the shorts are close to getting some to puke, whoknows.

Naked shorty needs some selling by people other then himself to cover his shorts, not to sure how much of that we are seeing.

I'm loaded to the gills as it is, wish I had more money to buy these levels. These are all airshares being sold to try to get the momentum going, then the weak souls will puke low tick, and shorty maybe covers a few net overall. Gotta remember, when you are short 1B shares naked, you’ve got nothing to lose by selling another 200M to try to create a panic and a buying opportunity to try to take in some of your shorts. I say they got nothing to lose because they are already to the point where they are going to lose everything and more with 1B shorts.

Something tells me shorty is gonnna try to slam this thing really hard right now. With airshares of course, wonder how many wanna be traders are going to puke at the low tick of this move?

oh man, maybe 8's today. Brutal.

15% downday and your joking around? I as I'm sure many others with a good amount of their money in this stock would appreciate if you didn't joke around about "news".

tutu9, where are you getting these numbers. I do not see sprott anywhere on the list.
http://www.nasdaq.com/asp/holdings.asp?symbol=SPNGE&symbol=SPNG&selected=SPNGE&FormType=Institutional

Oh, like your saying basically do they have to pay taxes on the air shares they are scalping back and forth? yes they would. I understood you as saying they had covered their air shares.

Of course they would have to pay taxes, capital gains, however I think your confused. The shorts have not covered their position, to think they could cover 500M shares without the price exploding is silly. They are still sitting on a short position between 2 and 5 times the float. They will be losing billions on this when all is said and done. Don't get fooled into thinking the shorts have covered. Sure maybe the children bailed, but there is a strong group of people holding, who know they have shorty trapped.

The proof is there, talk to doug or anyone who knows anything about the company,

I don’t think body guards would need to be a permanent thing. But right now the measures the shorts might take to try to keep from loosing billions could be scary. If I was doug and owned more than 300m shares, I personally would be paying for SM and MM’s body guards,

whitehouse is a fraud working with the NSS, the only way she will be any use to us is if we can prove the relationship with her to the NSS.

I can't take what you say seriously because if you can’t see the NSS in this stock, you havn’t done your DD.

SPNG MGMT Body Gaurds?, The naked short crowd are real low lifes, and it is clear with the NY POST articles, that they have connections we can’t expect. Who knows what else these NSS are doing behind the scenes and what future problems they will bring. I’ll bet that they are working very hard to cause any type of problems they can for our company, when someone is on the verge of losing several billion dollars, calling their cronies down at the NYP is probably for starters. I’ve read about the Mafia’s involvement on the OTCBB before, and I’ve had this concern for a while, but after reading SDBob09’s post, it concerns me even more because there are some big names in this ring of crooks. When we are talking about billions of dollars in losses for the shorts, is it crazy that the shorts and their criminal friends could resort to some extreme measures against MGMT and their families? Unfortunately it seems possible, now I am a loyal long and truly believe in this company, so I don’t want this to be taken the wrong way, but I would feel much better knowing MGMT had body guards. Also I think now its clear the shorts are in big trouble, the risks have increased increase. I think the sooner the better we blow the short position out, the better.

Excellent work on finding this. Reading some of Whitehouses other articles and I find it interesting how highly he speaks of him. "Renowned short seller Jim Chanos is emerging as a potential front-runner for this year's prize for top hedge-fund performer.", Also interesting is 3 out of the 4 articles Whitehouse has written with Chanos's named mentioned, Chanos gives quotes, clearly showing Whitehouse and Chanos have a relationship. The 4th article, is the one you posted, which seems like an advertisement for Chanos website.

This Kaja Whitehouse is a real low life being used as a pawn by the naked shorts. The Spongetech articles are pathetic, and I personally plan on allocating some of my financial resources after our short squeeze to investigating and exposing Whitehouse and the Naked shorts relationship. This guy should be in jail.

WOW 17.7M AH trades. Biggest i've seen so far.

Absolutely agree, do you believe the gall these guys running the company have? For petes sake, I called moskowtiz cell phone 35 times last night between 130am and 215am and no answer, what’s that tell you about the company? I have everything I own in spongetech and these guys don’t have the time to give me answers when I can’t sleep, unbelievable.

man doug is really dishing it out today, when will our day come here? I thought the RS was going to light the fuse on this puppy but now what? Maybe something is in the works with Getfugu, WNBD, but it seems all my theories have been off so far.

I'm thinking that if we don't get the split, we are going to get some other big piece of news. I thought the major reason we were doing a split was to cause a cuisp change and expose the shorts, blow them out, then as soon as we had them off our back it would be alot easier for us to be trading closer to fair value, which is over $1.5 as is, factor in 500m OS and we are above 2. Honestly when we sold off on the RS news, I was shocked, saw it as a good thing. Now if we don't get it I would have to think it would be for a good reason.

1.9m trades at .1182

'janice shell' Do you know anything about Sinapore banks used for NSS? I had heard it, along with german banks, but something I find really exciting is that sunday is a hoilday in Sinapore, monday markets are closed there. Which I would assume mean banks are closed. What if MGMT knew this, and that Sinapore was one of the shorts tools to manipulate SPNG, and wanted to strike the shorts when they were most vulnerable? What do you think about this idea?
http://www.sgx.com/wps/wcm/connect/mp_en/site/trading_on_sgx/securities_market/securities_trading_hours_and_calendar/2009+public+holidays

Well NITE is owned by CITIGROUP, so if NITE has big short exposure in SPNG, is it that crazy that the banks are in bed with the Goverment? Hmmmm.

OMG, I think i'm going to sell too

Man you would have thought the city of chicago bought .006's in SPNG, sold out at .28, went short, covered .08 and went long, then sold out at .20 last week the way they are spending money. Fireworks twice a week, going off right now.

thats what I'm asking PAL. Man that would be awesome wouldn't it? Can you imagine sticking it to the shorts when they are vulnerable like that? OH MY THIS COULD BE GOOD

If this was part of the plan I'm going to be really impressed, how clever.

Sinapore banks used for NSS? Anyone know anything about this? I had heard it, along with german banks, but something I find really exciting is that sunday is a hoilday in Sinapore, monday markets are closed there. Which I would assume mean banks are closed. What if MGMT knew this, and that Sinapore was one of the shorts tools to manipulate SPNG, and wanted to strike the shorts when they were most vulnerable? What do you guys think about this?
http://www.sgx.com/wps/wcm/connect/mp_en/site/trading_on_sgx/securities_market/securities_trading_hours_and_calendar/2009+public+holidays