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The manipulation is epic. Its so blatant, its humorous.
I just read That guys post. I, for one, have already conveyed these exact thoughts but is seems like as soon as I call someone dumb or stupid, or call people out on their ignorance, the post just gets deleted.
For one, no one really know if that is Doug Fruth. But the content of the message is common sense, and it has been my whole point for the last two days. Its why the whole market is so irrational. Its why people and hedge funds shorted the general market into the March and April rallies. Look where they are at now, LOL, most people dont know what they are doing.
Like I said, THANK FGOF THAT MOSKOWTIZ HAS TAKEN ACTION. If people think that this R/S is bad, , LOL, HAHA, MAY YOUR INTELLIGENCE TAKE YOU FAR IN THIS LIFE, AND MAKE YOU WEALTHY AND WISE... HAHAHA, GO BACK TO SCHOOL OR SOMETHING.
When a company does an R/S, the company has usually been around for a LONG TIME and is failing. It has to R/S to keep the PPS high enough to meet certain goals. But just like with any art, certain tools may be used "out side the box" so to speak. In a way that is not traditional. For one, the R/S makes an accounting of shares....Second, when we move to the NasDaq with a high share price, there will be another, probably more thorough, accounting of our shares. For anyone who has watched level 2 for more than a month and doesnt realize there is a relentless SHORT force manipulating the share price, haha, the joke is on you, truly.
LOL, YOU PEOPLE WHO THINK THIS IS BAD ARE KIDDING RIGHT!? Spongetech is a NEW company, their stock has existedd for little less than a few years, people have never hear of Spongetech. This is not a failing company trying to R/S to save its life. LOL, they are trying to get off the OTCBB, which is the BEST THING that can happen for shareholders. It is not nearly as easy to manipulate a $20 stock with little less than 8-10 million O/S
HAHA, Good Morning All, I decided I would sleep late today and catch up om some sleep because I am long 400,000+ shares now and so are a few of my friends....
Is this a joke!??! HAHA, the VOLUME is INCREDIBLE! HAHA. 72 million and the first hour isnt even over?!
This is absolutely insane, and people want to say that this stock is dead int he water. Keep making that money people, you just be so smart...Ill leave my money where the action is....
The squeeze will have to occur is the R/S takes place, its common sense. This R/S will be the bestthing that has ever happened to this stock. Suck it up and get some balls. I take pleasure in hearing each and every person who sold because it will come to show that these people are the true fools
My friends and I have bought over $45,000 since the announcement of the r/s
This is on top of the hundreds of thousands of shares we already have
AND I AM STILL WAITING ON THE 10-K WHERE IS THE 10-K...
WE NEED THE 10-K
HAHAHHAH, WHO WAS PANIC SELLING!??! MORE LIKE PANICKING TO FIND AS MUCH CAPITAL AS POSSIBLE TO BUY AS MUCH SPNG UNDER .13 AS POSSIBLE
THIS IS AWESOME, I AM TRULY UNDERSTANDING WHY THEY SAY THAT 90% OF PEOPLE LOSE MONEY IN THE MARKET.
This is what a truly love about this whole situation. Anyone, (BOY I WISH I COULD NAME NAMES< CUZ ITS SO OBVIOUS WHo...)
but yes, anyone who bought last week in anticipation of the 10-K has become royally SCREWED, for a few weeks....but what I like even more, is we all know the state of mind of people who bought in over .20 AGAIN, AND OBVOIUSLY THEY ARE THE SAME ONES WHO SOLD AT .17 - .15 HAHAH, truly priceless are the ones who bought over .20 the first time around...
SO yes, Management has completely planned this out, and like I just posted, these guys arent going to let every trader and scalper ride their 10-K wave!
haha, and for the real longs...if you notice, very few REAL LONGS are NOT complaining....Although alot of my digital profits were wiped out short term because the market acts like a fool and the nSS doesnt give up, I was still able to buy share for way less...because if anyone remembers, I was telling the board all weekend how I was going all in SPNG TUESDAY!....
ANYONE WHO BELIEVES IN MANAGEMENT JUST RECEIVED THE OPPORTUNITY OF A LIFE TIME, AD I JUST COMPLETELY STUPIDIFED BY HOW PEOPLE INTERPRET THIS R/S HAHAHAKJAJHAJHAH, THIS IS GOING TO BE ONE OF THE MOST IMPORTANT DEVELOPMENTS IN THE FACE OF THE 10-K IN THE HISTORY OD SPONGTECH....
Dude, they dont care what you or I or what anyone else thinks...
DO you run a multi-million dollar, world-wide company?!?
These guys are smarter than anyone here. That is why we were sitting at our computers trading for dollars, and they are in the big show, fighting for millions....
THIS SHOULD BE COMMON SENSE FROM THE MOMENT YOU READ THE PRESS RELEASE. THE NEWS ON THE R/S IS A GREAT THING...
THE PR FROM BUYIN.NET IS NOT A JOKE
i think your 100% wrong.
The R/S will absolutely force the shorts to cover
its called a Form 10-K with a share reduction....thats how we make a run into Sept 22.
what are you talking about? The numbers from the 10-K are already priced into the PPS?!?!
HAHAHAHAH WOW, it shows why so many people are so bad at making money
You guys dont hear me complaining, I am so far from the red, its beautiful.
Yesterday is the happiest day Ive ever had trading in my life.
I was gievn the chance to buy back a major position for about 40% less. The R/S is part of the game plan to get to the NASDAQ and waway from the manipulation
THANK GOODNESS MANAGEMENT HAS FINALLY TAKEN ACTION, IT COULDNT COME SOON ENOUGH, AND UNDER THE GUIDANCE OF ON OF THE TOP ACCOUNTING FIRMS ON WALL STREET, IN THE FACE OF THE MOST MAJOR ANNUAL FINANCIAL REPORT THE COMPANY HAS EVER FILED IN ITS EXISTANCE...BRING THE RAIN MOSKOWITZ....
Its like the R/S hits yesterday, and people forget about the other 15 things that are going on with the company. What a joke the way people act because of an R/S. What a joke....
Did alot of you get burned in the past? Lot of people scared of a little R/S??! Unbelievable...
From most of the posts I read, a;; I really hear is "Man, how desperately I wish i had money to buy SPNG."
haha, THE MANAGEMENT NEVER LIED ABOUT THE R/S. THE ONLY TIME THEY MENTIONED IT WAS WHEN SOME FOOL AT AN INVESTMENT SEMINAR. AND THEY SAID THEY WOULD CROSS THAT BRIDGE WHEN THEY GOT TO IT. AS FAR AS IM CONCERENED, THAT MEANT."YES, ITS AN OPTION."
THE ONLY PEOPLE ON HERE WHO KEPT SAYING THAT THERE WOULD BE NO R/S WAS THE POSTERS ON THIS BOARD. THERE IS SO MUCH IGNORANCE ONT HIS BOARD AT THIS POINT, LIKE HOW DOES AN ACCOUNTING OF SHARES AND FULFILLING THE 4TH REQUIREMENT FOR THE NASDAQ LISTING = DEATH SENTENCE?
Its an absolute joke, Spongetech just hit the scene and isnt going anywhere. Like they are just going to disappear off the face of the earth after the R/S...unreal...
THE 10-K SHOULD BE OUT ANY DAY?!!!!!!!!!!! WHERE IS THE 10-K
THE BUYBACK IS OLD NEWS AND SHOULD BE COMPLETE. IT WILL ALL BE IN THE 10-K
$4MILLION IS CHUMP CHANGE WHEN YOUR RAKING IN 70 MILLION IN REVENUES A QUARTER.
EVERN THOUGH only 20% of the $70 million is profits....ITS STILL ALL SPONGETECH'S MONEY!!!!!!!!!
THE 10-K SHOULD BE OUT ANY DAY?!!!!!!!!!!! WHERE IS THE 10-K
THE BUYBACK IS OLD NEWS AND SHOULD BE COMPLETE. IT WILL ALL BE IN THE 10-K
$4MILLION IS CHUMP CHANGE WHEN YOUR RAKING IN 70 MILLION IN REVENUES A QUARTER.
EVERN THOUGH only 20% of the $70 million is profits....ITS STILL ALL SPONGETECH'S MONEY!!!!!!!!!
PEOPLE, THEY ALREADY WORKED ONT HE HOME FRONT!!!! THE BUY-BACK IS OLD NEWS. THE BUY-BACK HAS EXPIRED. THEY BOUGHT BACK ALL THE SHARES. THE BUY BACK WAS OVER LAST WEEK!!! GET IT RIGHT PEOPLE....THEY HAVE THE MONEY TO INVEST....THEY HAVE MONEY...
I JUST DONT UNDERSTAND HOW THE FIRST THING THAT CAME TO MIND WHEN THEY MENTIONED THE INVESTMENT WASNT..."WOW. THEY MUST REALLY HAVE SOME EXTRA MONEY!!!"
WHAT ELSE COULD YOU THINK? ?? "oh Maybe SM and MM are laundering money into an investment of GUFU...
NO, THEY JUST TOLD US THEY HAVE 70 MILLION IN REVENUES...
THEY HAVE MONEY,
for sure man, im right on point with what you are saying.
I had to read it 10 or 15 times to really get the language in my mind....
First I was like, Ok, well, they are doing a aplit, well no, they are saying they may do a split. Well ti seems like they thought they might want to do one for 250:1 but they think 100:1 is a better idea...No, wait, they may not even do it. They dont seem too sure. It seems like an idea they are flirting with...Oh, they even have to approve it, with regulatory agencies?! 100:1? September 22? 10 days in Spongeland is like two years in any other stock. And a 10-K scheduled between now and the day they ANTICIPATE the R/S...
Very little is set in stone...SO much is going around this tsock
the investment PR today means one of two things.
The first thing that came to my mind was, "Wow, SPNG has alot of extra money."
Or two, "Spongetech management must want investors to realize that they already bought back the shares."
There is no way these guys would invest $4 million if they had not already done the buy back. They have the money to spare, they already bought back the 150 million they PRed, and it will all be in the 10-K
Ive worked in a few businesses over the years, both legal and illegal, and we all know, WHEN BUSINESS IS GOOD, AND MORE INCOMING PROFITS ARE ANTICIPATED, THERE IS NO BETTER REASON TO SPEND MONEY.
IM SURE THESE GUYS ARE SPENDING IT IN ALL DIRECTIONS, BUYING D&T, BUYING DICON, BUYING US OPEN ADVERTISING, BUYING BACK SHARES, INVESTING IN GUFU.... ITS ALL MONEY IN THE BANK. THEY MONEY HAS STARTED TO ROLL IN FOR THESE GUYS, AND THEY ARENT STOPPING AT PAID, THEY WANT TO TAKE THIS TO A WHOLE ANOTHER LEVEL. I BELIEVE IT.
I AM READY FOR A SEPTEMBER TO REMEMBER, A CHRISTMAS OF A LIFE TIME, AND A 2010 SPONGTECH ODYSSEY
IM READY FOR THE RIDE OF MY LIFE. IVE NEVER EVEN BEEN THROUGH A REVERSE SPLIT WITH A GROWING COMPANY, I CANT F...... WAIT!!!!!!!
and to these fools who think that the NasDaq is a joke. Ok people, you dont have to be a golden child or THE CHOOSEN ONE...or have some type of wall street blessing to get on the nasdaq...you simply have to meet 4 requirements...its very simple. we met 3 of them, and now on september 22 and the weeks following as we hold the $4 PPS requirement. after looking at who has came and went on the NASDAQ, to say that Spongetech wont be there is a joke...
Bring on the NASDAQ, that is the plan, anything is better than the manipulation of the otc
im feeling that....
I know, this Form 8-K is simply one small part of a bigger puzzle. And this R/S would be way less legit if they didnt just bring in D&T. D&T know what they are doing.
This is all such a small part of a LARGER SCHEME. For the market to act the way it did today, its just absolutely IRRATIONAL, and there is never a better buying opportunity than when the market is IRRATIONAL.
At this point, there can me no other conclusion drawn~... Its so obvious, that this is the beginning of MONSTROUS and MONUMENTAL.
You guys know my stance. I JUST HATE WHEN THEY ARE MUTE. I WAS SO HEPPY THIS MORNING WHEN I REFRESHED THE EDGAR AT 5:15 AM WHEN I WOKE UP. I DIDNT CARE WHAT THE DAMN FILING SAID AT THAT POINT. I WAS JUST HAPPY TO SEE MANAGEMENT HAD DONE SOMETHING. AND WHAT HAD THEY DONE? THEY HAVE SET US UP FOR THE MOVE OFF THE OTCBB TO NASDAQ. I WAS SO FRUSTRATED, I WAS LIKE, LETS DO THE DAMN SPLIT BEFORE THE MARKET OPENS.....LETS SEE WHERE ALL THE SHARES ARE, LETS IDENTIFY THE REAL ONES, COMPILE EACH 100 INTO 1 LEGITIMATE SHARE OF SPONGTECH, AND START TRADING AGAIN.
hahahaha
and we still have a Form 10-K to be filed any day now!!! its like everyone forgot about the 10-K. lots of things didnt make sense. SHorts are selling, LOL, if you wanted to panic sell today, you dont put your order with a higher ASK, you drop the shares on the BID. why were like 8 MMs all stacked the whole way down, and then didnt want to let us over out over .15 for long...AYME IS BUYING...I WAS BUYING. I WAS A BUYER TODAY, AND I DIDN'T SELL A SHARE.
After today, I FEEL LIKE ALL FORCES ARE WORKING AGAINST THE RETAIL BUYER. And what better reason to buy. Its clear that not only management, but all forces want retail shaken loose. I was like, "Screw you guys, Im buying more now." And when should anyone be buying, is when the market is irrational. The bottom of .1232 or .1231 was OBVIOUS to anyone with half a brain.
Now what is going to happen. 10-K.
Yea, I havent posted much here. I decided I shouldnt bother with all the nonsense, but this is what we have all been waiting for....anything to get off the OTC and onto the NASDAQ.
I just dont see this R/S as a bad thing. Anyone who sold will surely be shown to the world as a fool.
JAJA. Im just tingly and warm inside. Soon the Market makers on the OTC and the relentless NSS will be toast.
I am on another planet, or isnt it common sense that the R/S will account for all the real shares. Why would the company take in NSS airshares? It doesnt make sense? These shorts wont last long.
EVERYONE SAW WHAT HAPPENED TO AIG AND AIG IS A MISERABLE MESS, WE HOLD STOCK IN THE FASTEST GROWING COMPANY IN AMERICA.
Exactly. There was no formal application process that SPNG participated in.
People are fools. I bought at .1233 and .141
HAHHA, ill keep buying back under .145
I think its so funny all the people who come out of the wood-work to bash today....
Im loving it, all weekend I fretted over the fact that I might have to pay more than .21 for more shares? NOW IT LOOKS LIKE THE MMS WANT TO SELL ME SHARES FOR .18 AND LOWER. I LOVE IT.
I know, I thought a R/S is a good thing. ANything that makes an accounting of the shares?!> right....
IM GETTING PUMPED UP FOR THE 10-K BAM BAM!!!!!!!!!!
10-K IS GOING TO BE MONUMENTAL. SHORTS WILL BE COMMITTING SUICIDE, MARKET MAKERS WILL BE JUMPING OUT OF WINDOWS, PEOPLE ARE GOING TO BE GOING ON CRUISES, IM GOING TO LEAVE THE COUNTRY AND FIGURE OUT HOW TO LAUNDER ALL MY PROFITS SO I DONT HAVE TO PAY ANY TAXES ON MY SPONGE MONEY. MM AND MOSKOWITZ ARE GOING TO BE SMOKING WEED OUT OF HUNDRED DOLLA BILLS NOW YALL....
WHAT EVER IT IS, THE PARTYS UNDER WAY, SO GET YA CUP READY FOR THE EVENT OF A LIFE TIME.
10-K WILL BE UNPRECEDENTS IN TODAYS ECONOMIC CONDTIONS, AND THATS WHY WE HOLLERED AT D&T TO BACK UP THE AUDITED NUMBERS.
GET READY PEOPLE, CAN YOU FEEL THE EXCITEMENT.....SOMEONE HAS BEEN BUYING SPNG SHARES LIKE ITS THE NEXT FORTUNE 500.
I HOPE EVERYONE WILL BE SELLING
....ME YOUR SHARES TOMORROW MORNING, IM PILING EVERYTHING I GOT INTO THIS. IM LETTING IT ALL RIDE ON THE 10-K, LIKE THIS IS ROULETTE.
MAUAHHAHAHHAHA
So what if they refuse to put it in writing!?
HAHAHAH, what do you think everyone here is waiting for the 10-K and why do you think YOU CANT HOLD SPNG BACK? HAHAH
Im waking up at 5 am ET start reloading the EDGAR web site...
10-K will hopefully make it a pleasure to wait until the 10-Q
im trying to hype it up!
I've already filed 200+ complaints since the day of the crash, regarding every thing from stock manipulation to NSS to the fact that our investments were robbed from on us on June 12, 2009
They dont respond to me.
Oh yea, when SPNG goes up to $1, we'll be talking.
OH YOU DONT EVEN KNOW THE HALF OF THAT ONE.
I have that link open in multiple browsers on all computers in my house. I usually reload the site about 40-50 times a day out
I dont understand, what shares are they trading across the pond? Are those supposed to be shares out of our float? Or is there a different float?
Or are those Euro shares shares in the Euro branch of Spongetech?
(someone needs to get the word Spongetech in the dictionary and get it corrected on all these spell checks across the computer world)
10-K OUT YET??!?!?!?!
Im riding this baby, Im back on. Trading SPNG for months has driven me crazy. THE NSS CONSTANTLY STEAL OUR PROFITS, so I guess I have taken my frustration out on management's delayed actions.
Excellent close,
OBVIOUSLY, .19 was a great buying opportunity for anyone who sold at .21-.22 earlier this week.
Look forward to this 10-K. I have NO expectations. Management is in no hurry to release it.
What would then happen? LOL, seriously, I know it is possible, but seriously, what would that do to the pps?
Of course the stock is going down. it dosent take a genius to know that the market isnt happy with the management for lying once again.
It just shows how must problems really exist behind the scenes if these guys cant even release their financial statments on time
oh my gof, I flipping spoke to bill young multiple times and he said the 10-K would be out by the end of Aug every time I spoke with him.
He has been telling other people the same thing....
This is a joke, I have sold the majority of my position Tuesday after the 10-K didnt show up. It has done me well.
Now I am just sitting here in awe that the company is leaving shareholders in the dark.
WHEN IS THE 10-K COMING OUT. THIS IS BECOMING ABSURD. I CALLED IT THAT THIS 10-K WOULD NE NO WHERE TO BE SEEN.
THIS IS PATHETIC THAT THE COMPANY CAN EVEN RELEASE ITS FINANCIAL STATEMENTS AND THESE FOOLS ARE TALKING ABOUT GOING TO THE NASDAQ, WHAT A JOKE. These guys cant even get their act together.
Do we really have to wait for 15 more days!??!
What day was the form 10-K due? yesterday?!
15 days makes the dead line what?!