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I will say this, the more DD I do the more I think this is clean!
Does any one know if the hearing with the SEC is going on today? Someone said there is a hearing?
If so where can you find that info?
ID
Does not mean they can't be WRONG ONCE!!
Someone found that needle in the haystack!!
ID
That is a little narrow!!
Reason you are only taking one product!!
40 products!!
and DICON products!! and sales would also be included!!
Spngebob Squarepants in Canada is a hit!! needed sales for X-mas supply!!
So broaden your narrow scope just a little!
There is also European and Asian and South American markets!!
ID
You have to remember that is WORLD wide not just in USA!!
ID
Actually that would be GOOD, READ then the shorters and the longs are in equall footing!!
When it is lifted the 10-ks and 10Q will be out!!
Then tradeaway!!
ID
If you have the faith I WILL TOO, as this is sink or make for me I appreciate your response on FORUM!!
If it goes to the end SO BE IT!!
I always will take this with me, IF IT GOES UP I would like to meet with you one day!!
If not I know then that you LOST a lot as well!! and maybe we will meet as well!!
Best to both of us !!
ID
But some of us BELIEVED you how do we know when you are telling the truth or lieing!!! This is about an investment in SPNG, I have seen your posts! I expected you to be honest!!
I tried to determine who was a pumper and a basher!! I thought you were NEUTRAL!!
Is the POST in artical for REAL or NOT??
YOUR honest ANSWER now would be appreciated!!
I have WAY to much in this stock!!
I need to know!!
ID
Then why do some of us have our posts limited, who does it the mod or ihub!
If the mod lies does ihub admin lie as well?? Are they going to admit to that as well??
Does not make any sense to lie on the FORUM esp. any mod !!
Conclusion EVERYONE LIES??
ID
Someone posted this earlier is this correct?
If the SEC does not find GOOD CAUSE to reverse their suspension, then it trades on Greys
Does that mean that they can reverse their suspension by OCT 17, 2009?
ID
They may not retreat, DT imagine their own PR if this was NSS and they helped this company out!!
ID
Legal is there any chance or code that they can reverse this as an emergency way, IF by chance that this company is good!!
Its seems funny that they have till the 17 OCT that they issue this!!
If all in good standing is there an EMERGENCY that they can pull this suspension off and remain on OTCBB??
TIA
ID
Question if For example this is a GOOD company and they go to greys regardless!!
That means the share for share sell to buy would be good, right as then there is no manipluation with the stock to short!!
Because actual CERTIFICATE stocks will have to be used!!
Please give an opinion.
TIA
ID
If there are shorters here in SPNG land and the trade does not resume, does their money also get lost as well??
If so why are not some of the shorters not worried as well??
It seems to me some of these guys have stated that they were shorting!!
It seems strange that they are not upset as well!!
ID
I really truly believe that this will not go below 0.05 anytime before 10-K's out!
SPNG truly wants out of OTCBB's and reverse split is only way to get out FAST!!
That means the price cannot go below 0.05!! To get to NASDAQ!
And management truly has had enough with NSS and want to catch them to show the world they exsist in all stocks!!
If they let them go below this price they will get off the hook!!
There is little retail left and the ones that are are now in position take it all or make some money!!
The longs are here regardless!!
I still cannot imagine that management would still be advertsing in SUPERBOWL!! TO TELL THE WORLD THEY ARE CROOKS!!
Because if they are this would be shut down before then!!
IMO
ID
This earlier post of morley480!!
Shows several things 1) 2 10-K,s out
2) 10-Q out
3) Sept sale numbers out
All within 1-2 days and NSS would be in trouble because
the price would be VERY VERY high per share!!
AND the SEC is WATCHING very CLOSELY to what happens if THEY SHORT AND try to DRIVE the PRICE down!!
THEY ARE getting even more nervous!!
THEY WOULD BE TRAPPED!!
Better than any reverse split or merger or uplist!!
WHAT a PLAN!!
Ploy by management to trap shorts".
I do not agree that management wants to be on the pinks. Nor do I think they will end up there.
However, if you step back and look at the big picture of all the bad news that has hit this company recently, including today's........BOY OH BOY, if they "suddenly" pull their act together next week or the following and come out with all their filings, including the 10Q which is due at the same time, PLUS some really big other news.......man, you have to wonder what those shorts are going to do.
I just don't think a company goes from super-performer to totally incompetent over-night (well, maybe financial institutions). It doesn't make any sense. And they are still signing major league sports teams.
They also still have Deloitte on board.
Not a big conspiracy theorist but I have to believe SPNGE has something up their sleeves. It's almost like they can't give us the bad news fast enough!!
Hard to know which way this will go but I'd be very careful about writing this company off right now.
ID
Not BELOW 0.05!!!
I'll buy you a drink if it is, if you buy one if it is not!!
ID
you will be to late someone has already signed up 100 MILLION shares for this price!! and many more as well I think!!
ID
It will NEVER get below 0.05 before OCT 15, 2009!!
reason if below 0.05 will not get to NASDAQ in a "short" amount of time as I still think a reverse split is only way to get out of THIS CRAP OTCBB!!
ID
Still do not understand why price is not above 0.0718!!
When buys vs sells on Tues was + 8.5mil
Wed was + 9.0mil
And today Thur was + 9.0mil
Almost 27 mil in positive and still at 0.07???
and it is not dilution!! or NSS!!
MORE like stock manipulation by all MM's!!
Someone explain this to me! TIA
ID
I kind of thought the lunch time was out it was kind of nice and slow for another hour or so!! LOL
IS that JACK OF HEARTS coming out for SPNG's royal flush!!
RE: 10-ks!!
ID
Maybe not GFGU has NO money!! To pay its lawyers!!
And may be done very quickly!! LOL
ID
This is like a poker hand 2 players left!
SPNG which has A hearts K hearts!
NSS which has Q spades Q clubs!
The flop comes down!
shows 10 spades; 10 hearts; 9 hearts
we go in half the money; they follow with their half!!
TURN Q hearts come down!!
We go all in!! FLUSH
They go all in FULL house!!!
We sink!! disappointed !!!!
OHH after careful review!!!
WAIT just maybe!!! just maybe!!!
RIVER!! one last hope!!
one last out!!!
HOPING for ONE CARD!!!
???? JACK OF HEARTS???
and full flush!!
It is interesting to note sometime since I bought stock in AUGUST that someone had stated that there was alot of SPGN sponges in WALMART in Brazil when they were down there in FEB-March 2009!!!
And was waiting for them to launch in USA Walmart!!
She was kind of wondering why in South America BEFORE USA!!!
ID
I still have not a good answer to this question!!
Why with 8.5mil more buys vs sells and yesterdays increase of buys vs sells that this stock price is not above 0.07???
Dilution idea does not work!!
If NSS why not up??
NITE keeps it from going up!!
And the others do notoverbid!! ?conspiracy with other MM's
Just does not make any sense!!
If NITE goes I think this shoots up!!
Your comments please!! TIA!!
ID
What makes no sense is that there are 6 million more buys vs sells and this price is still stuck at 0.07!!
Can any one explain??
ID
Hasher this looks like what is happening today!!
EIRIE!!! HEY!!
And you were mad ??WHY??
Repost: Here's Monday's diurnal chart for SPNGE (with colorful aspect indicators, and a brief outlook for the trading scene this week:
http://i314.photobucket.com/albums/ll410/nilremerlin5/SPNG92809.jpg
Click on the chart to enlarge.
The yellow line shows transiting Jupiter (inner ring) conjuncting natal Neptune (outer ring), and the two of them positive squaring the DA (trading environment) closely on the positive side of that positive square. Over the weekend, these 2 planets were most intensely on the negative side of that positive square, so that pent-up negativity from message boards, etc. is likely to spill into Monday's early trading with a quick low dip, but it will soon be overcome with the more pervasive positive theme of the day on Monday, IMHO.
The theme is basically set by natal Neptune in Aquarius (veiled knowledge, confusion being unraveled), and the square is an obstacle which is overcome by a higher energy level (higher volume in a boxing match for shares).
Transiting Jupiter in Aquarius is the Big money group of friends in the know (insider, MM, and institutional) which actively manipulates trading, 1st to get the lowest buying price, and 2nd to move the price up once they have bought (if the short and naked short positions are big enough, they are included in this group). This positive square aspect is in effect 'til Thursday of this week, and goes out of effective orb on Friday
The green line is transiting Mars (new investors) trining (120 degree angle) the DA on the positive side of the positive trine, getting lucky (trine) by taking advantage of the price dip to buy their initial shares. It's a relatively weak positive as the orb is wide on Monday, but that orb is gradually becoming tighter as each day passes this week, so support from newbies will increase as the week progresses.
The blue line is transiting Mercury (still retrograde) positive sextiling (60 degree angle, pleasant opportunity) the DA on the positive side of that positive sextile with a wide orb to begin with, and Mercury is news, so there is potential for pleasant opportunity news every day this week (more likely on the lunar trigger days) as the orb on that sextile gradually tightens up day by day.
The transiting Moon (the public) is neutral on Monday, and will be on the positive side of a negative square to the DA on Tuesday bringing increasing positive support as the day goes by and the orb tightens on Tuesday. Wednesday it's on the negative side of the negative square to the DA, but starts with a wide orb that gets wider as the negativity decreases.
Thursday the Moon is again neutral, and Friday it starts tightly on the positive side of a negative trine to the DA, but shifts to the negative side as the day goes by.
So Monday should be overall positive after the quick dip, and the rest of the week should continue positively until Friday, when we could see a slight dip on profit-taking...hard to tell, though, because an overall positive unusual trading phase sets in on Friday, and may offset any negativity.
I'll provide more details on Friday's trading potentials in a later post, as new confusion and unusual trading begin again on Friday.
Time will tell...
nilremerlin
ID
MY guess $10.00-$25.00 after all this crap!!
Iwould not sell a single share below this!!
With all this stress!!
ID
if so why not the 0.02 AND 0.03 TODAY YOU GUYS WERE ALL PREACHING SINCE sunday!!
ID
Like I said last night this WILL not go below 0.05!!
Reason No NASDAQ if less than that!!
And fewer and fewer shares for NSS to buy!!
They have squeezed all they can at this time!!
This will trade as a squeeze now!!
The shorters will begin buying against EACH OTHER NOW!!
id
I do not BELIEVE this STOCK WILL go below 0.05!!
REASON that is cut off for NASDAQ!!
? PR OR 10-K tomorrow morning to PREVENT THIS!!
Just a gut feeling!! Only logical move at this time!!
ID
Does any one know are we still on REGSHO list tonight??
ID
nixsix a thought occurred to me!!
Nite and other shorters are battling to buy shares above 0.05!!
REASON they each want the cheap shares!!
I think the floor over next 2-3 days is 0.05!!
Also any longs will buy below this as well!!
AND someone said 10-K out in a few days!!
??REASON SEPT sales will be out!! AND
? 10-k out at same time!!
THey got to start work on it soon otherwise will be late 10-Q!!
Makes sense to me!!
Please comment TKS!
ID
I am more interested in the t-trades at the end of the day!!
How many buys??
If alot more than sell total by end day
That means gap up tommorrow AM!!!
Any comments please!!
ID
I wonder if IHUB would let us KNOW!
That is a good question!!
If IHUB is forth right I would hope so!!
ID
I am curious what the t-trades will be at the end of the day??
If a lot of buys then we do not see the whole picture as these do notcome up till after hours!!
That gives us the perception that we are down rather than up!!
Re buys vs sells totals!!
This is also what is called manipulation on the MM's against the retail!!
We look at the trades and we see red!! until after hours when the REAL story comes out!!
I feel that ALL trades should show upimmediatately!! That way all is in game play!!
Just a thought.
ID
Not only in a PR they DID it IN EVIDENCE IN THE 8-K!!!
The SEC let it file!!
I GUESS WE SUE THE SEC!!
GOVERNMENT has lots of MONEY!!
ID
NO but Spongebob Squarepnts are a BIG hit so far for SEARS!!
ID
no BS pl and or other longs!!
A SEC filing is a document to the government and as I see it that means that it becomes legal and binding> Correct me if I am wrong as I am from CANADA. Why would they then post as outlined below to the government to set themselves up against them to go to court!! IE HANG themselves with their own signatures on the post in the SEC 8-K??
ARE they that STUPID?? I hope the heck not!!
To give the government evidence to use against them in COURT??
MAKES no sense!!
IF the post below was FALSE WHY WOULD THEY SIGN IT ???
SEE signatures below!!
THEY GO TO JAIL RIGHT NOW!!!
MAKES NO SENSE!! they are after NSS!!
Exhibit 99.2
SPONGETECH(R) DELIVERY SYSTEMS ANNOUNCES RELEASE OF LETTER TO SHAREHOLDERS TO UPDATE INVESTORS ON COMPANY ACHIEVEMENTS AND STRATEGY
Sep. 22, 2009 (Business Wire) -- SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNGE) announced today that the Company’s CEO and COO had written a letter to shareholders updating them regarding the company’s progress and growth plans. The letter is posted on the Company’s website and is reproduced below:
Dear Shareholder,
We want to address various questions many of you have asked over the past few weeks and to share with you our plans to grow the business and create shareholder value.
Since the beginning of fiscal 2009, we have transformed SpongeTech from an early-stage company with limited brand awareness and distribution reach to a company selling a broadened portfolio of products through multiple distribution channels supported by a host of very successful marketing campaigns and promotional activities. We are proud of the progress we’ve made and have many plans to continue to expand our business.
As you know, we have not yet filed our Form 10-K for our company’s fiscal year 2009, which ended May 31, 2009. The requirement that caused the delay – that our new independent auditor, Robison, Hill & Co., retained as a result of the resignation of our previous auditor, Drakeford & Drakeford, LLC, due to the revocation of Drakeford’s registration by the Public Accounting Oversight Board, must re-audit our financial statements for fiscal 2008 – is as frustrating to us as it is for you, our shareholders. While we realize it would be helpful to offer you an estimated filing date, our current independent auditors have asked us to give them the flexibility to do a thorough job, and we are working with them to complete the necessary steps as quickly as possible. We have retained Deloitte & Touche beginning with the fiscal year 2010 to serve as our accountants. We also decided to cancel our previously announced reverse stock split until after the Form 10-K for fiscal year 2009 has been filed. In the meantime, we will use this letter to bring you up to date on our many accomplishments during fiscal 2009, ended May 31, 2009,and our actions and plans to accelerate SpongeTech’s growth in fiscal 2010, ending May 31, 2010.
Acquisitions/Investments
· We acquired Dicon Technologies, LLC on July 9 for $4.5 million in cash plus approximately $0.5 million of working capital that we assumed upon closing the transaction to further vertically integrate SpongeTech’s research, development and manufacturing processes. Dicon Technologies specializes in research and development of products derived from hydrophilic urethane chemistry.
--------------------------------------------------------------------------------
· We have agreed to invest approximately $4 million in GetFugu, a technology company focused on developing mobile search tools. Terms of the deal are being finalized and, subject to the successful completion of our due diligence, we expect to announce the completed transaction by the end of calendar 2009. Our investment resulted from GetFugu’s successful customization of its mobile-based web search and e-commerce technology for SpongeTech. We plan to use GetFugu’s ground-breaking, carrier-agnostic mobile phone-based technology to drive more traffic to our already-successful on-line store website, www.spongetech.com. We are currently on GetFugu’s beta site.
Expanded Product Offering
· We added a Child Care product line to our portfolio of reusable cleaning products for Car Care, Home Care, Medical Care and Pet Care usages. To date, we have developed 33 product SKUs using our technology in these market segments.
· We launched SpongeBob SquarePants soap-filed bath sponges for kids in partnership with Nickelodeon and Viacom Consumer Products.
· As a result of the Dicon acquisition, we added 40 products for use in the cosmetics, footwear and medical markets, bringing our product portfolio to a consolidated total of 73 items. The new products include Dryz Intellitemp, a patented hydrophilic matrix that regulates temperature, provides antimicrobial protection and uses Super Absorbent Polymer (SAP) to manage moisture. This material is currently being used by several leading footwear and sports equipment manufacturers.
· We have developed a Pink Panther-themed product under a licensing arrangement with MGM Consumer Products and expect to roll these products out by the end of calendar 2009.
Extended the Company’s Distribution Reach
· With the purchase of Dicon in July 2009, Spongetech increased our consolidated distributor/customers during the first quarter of fiscal 2010, which encompasses June 2009 through August 2009) by 55 accounts. This is a 27% increase in new accounts since the end of our fiscal year 2009.
· We have shipped products to CVS Caremark, Kroger, Petco, PetSmart, Ace Hardware, Walgreens and other supermarkets and convenience stores. During the first quarter of fiscal 2010, we received orders from customers, including BJ’s Wholesale Club, ShopRite and Cosco.
· We signed a licensing agreement to partner with Nickelodeon & Viacom Consumer Products to create SpongeBob SquarePants soap-infused bath sponges in the U.S. and Canada.
· We presented our products on QVC and Home Shopping Network and continue to explore possibilities with them.
· We signed agreements to license the SpongeTech name with two manufacturers of cleaning products: Green Bridge Industries for the sale of the SpongeTech® Stain Remover Pens; and Organic Products Solutions for home care, car care and industrial/commercial cleaning products.
· We enhanced our e-commerce site to make it more convenient for people to purchase our products online.
--------------------------------------------------------------------------------
Boosted Marketing and Promotional Activities
· We expanded our sports sponsorship portfolio by entering into agreements with 26 Major League Baseball teams for the 2009 season and 8 National Football League teams for the 2009-2010 season.
· We were also a sponsor of the United States Tennis Association and its premier event, the 2009 US Open, and are working on return on investment strategies to complement our sports marketing initiatives.
· We are continuing our nationwide advertising campaign, which includes TV and radio spots, print ads, retail store flyers, professional sports sponsorships and ads, internet advertising, and charitable functions. During 2009, our marketing campaign was ranked in the top 10 list of advertisements by the Jordan Whitney Report and the Infomercial Monitoring Service, Inc. (IMS) Report.
Since the end of fiscal year 2009, we have seen increasing re-orders from existing customers, strong sell-through rates and growing enthusiasm for our products as we continue to penetrate new distribution channels and create greater awareness for our products. Whereas two years ago, SpongeTech was a company with less than $10 million in revenue, we expect to report approximately $50 million in revenue for fiscal 2009.
In fiscal 2010, we are continuing to expand our distribution reach and, aided by our acquisition of Dicon and its strong R&D capabilities, introduce new products. To further raise brand awareness of The Smarter Sponge™, we plan to significantly increase our marketing and advertising budget. A portion of this budget will be used to attend a greater number of trade shows, including the Specialty Equipment Market Association show for the first time, Licensing International Expo, Automotive Aftermarket Products Expo, Global Market Development Center’s General Merchandise Marketing Conference and other national and regional shows. We also plan to enhance the packaging of our products.
We will also continue to extend our distribution reach by adding new distributors, including SpongeTech Europe, which we formed in August 2009 to enhance our already-strong presence in that market. In addition, we plan to leverage Dicon’s established channels of distribution including food, drug and mass merchandise stores such as CVS, Walgreens, Kmart and Wal-Mart and also to sign new licensing arrangements. By the end of fiscal 2010, we expect to have secured product placement in over 100,000 retail doors nationwide. Finally, using our enhanced research and product development capabilities, we plan to move forward more aggressively to expand our product offering particularly in our Home Care, Pet Care and Car Care product lines. For example, as part of our license agreement with Nickelodeon & Viacom Consumer Products, we are putting the finishing touches on a product for the Nickelodeon character, Dora the Explorer.
--------------------------------------------------------------------------------
In closing, our goal remains to establish SpongeTech as a first-class global consumer goods company known for its innovative products, creative marketing and promotional campaigns, and distribution strength. We appreciate your keen interest and support for our products and business and look forward to reporting our fiscal 2009 results as soon as possible.
Michael Metter, Chief Executive Officer
Steven Moskowitz, Chief Operating Officer
ID
Just a thought THE 8-K may not be directed to the shareholders as it was volunteered to us BUT BUT it may be DIRECTED TO THE NSS for them to digest over the weekend!!!
Just thinking out loud!
ID
Question Why would SPNG announce this morning that the 10-K is being worked on and that it is still going to go to D&T for 10 Q when they KNEW that this was coming out the 8-K latter in the day.
If the SEC are invetigating them, Is that just A REAL LIE to all the stock holders And then would that go aginst them if the SEC are reviewing all documents including the misreprsentation to the stock by giving all concerned some HOPE!!
I truely believe it is NOT about them and it is about the NSS!!
Some previos bashers over the last few nights are not here again?? Maybe weekend?? Maybe told to back off and NOT TO POST in case the SEC is looking for evidence??
Just a thought.
Please comment
Still a long just NOW a little concerned!
ID