Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I did read the article and her info is about as easy to authenticate as SPNGE's info. Let's see a qualified audit report which challenges the sales figures. Not some gossip columnist who has no legitimate access to or right to access the actual audit trail of the sales. It is GOSSIP. Why doesn't she talk to auditors? How about a prosecutor with an indictment or a search warrant? NADA, none of it exists!!!!! It is GOSSIP
I have not seen her produce one fabricated document. Not one. She only talks about calls where people did not answer the phone. Hmmmm. Maybe she should get up off her <whatever> and actually go knock on some doors. Get documents. Show that things have been fabricated. She can't substantiate a thing. Her words are nothing more than gossip.
What were her findings? That no one returned her call?
She is not listed as a columnist at the New York Post???? You tell me who is credible????
Really, Kaja Witehouse is soooo respectable that she writes for the New York Post Tabloid. She cannot substantiate any wrongdoings whatsoever. Her entire article is based on conjecture and speculation. Because someone doesn't return her phone call does not make it a fraud. Her writing is questionable and she has no facts.
Ah, so you are saying she is not one of their columnists? She must be publishing fake tabloid articles for someone else. Maybe this is a pais advertisement.
Go to the New York Post website. There is no columnist listed named Kaja Whitehouse!!!!!! SCAM
She is a total scam. I called the state of New York, they have never heard of her. LOL
You subscribe to that tabloid ... shame on you.
You are right. That seems to coincide with all the noise about wrong doing. SOmeone is afraid when SPNG is doing well. It hurts the shorts. It seems that good news is on the way from SPNG.
Ah, questionable associations.
She is a fake.
Kaja Whitehouse is not listed as a columnist at the New York Post on their web page. We cannot confirm that she is real.
This is not even journalism ... its trash. Statements like
"On Wednesday, at The Post's request, SpongeTech provided addresses, phone numbers and contacts for its largest customers through its outside investor relations firm, Lippert Heilshorn & Associates.
But efforts by The Post to verify the information fell flat."
Hmmm, they didn't receive a call back in 15 minutes???
Or how about this?
"A call yesterday to the Dubai Export Import number that Spongetech provided led to a receptionist who took a message for Elsayed. Within a few hours, the number was "disabled.""
Hmmm, what exactly does this mean? Disabled? Let me guess, busy.
Funny, this sensationalist did get a hold of Walgreens? Or at least could verify sales there? Hmmm, tell us about Spongetech's ability to sell product to a fortune 100 company. We would like these details too. Whose pocket is she in?
No, what is your number?
This is getting ugly Soapy. How much longer can we take this.
I just don't see a lot of synergy with Mobile Internet. They are a consumer products company. Now buying Shamwow, that might make a little more sense.
GFGU got a significant devaluation in stock price because of essentially some toxic financing which would probably have led to MM and SM controlling them. It was in their (GFGU's) best interest to find a way out. That said, GFGU was SPNGE's half baked attempt to get into the booming mobile internet market. Woulda been a loser from both sides of the coin. The technology is just not that special. JMO.
SM and MM should focus on growing the core business first.
Sure they might say global warming is too much of a problem to do audits anymore too. Point is, they have been retained and as of now they are on the team. They wouldn't be on the team if they thought they were dealing with a fraud. Why would Spongetech hire them if they knew they were gonna get in trouble? The dots aint connecting here with your position. But we need both sides to have balance - so thanks for your contribution.
And they would hire a firm like Deloitte & Touche to reassure themselves of their own lying stupidity? Not sure that make sense Hasher but good luck with that.
Lots of uncertainty Spino. Market hates uncertainty. I think people are concerned. We have not seen the usual salvo of positive sales figures, we have late filings, tabloid news, and now GetFugu. I think there is a lot of uncertainty creeping in and the market is not pleased. Pretty 101 stuff to me.
Soap Opera is right. This onslaught of meaningless news is becoming a little too much. I think they need to get their 10K out and we need to clean up the uncertainty. The market does not like uncertainty ... where have I heard that before? It would be nice if this accounting firm could work a little harder. Maybe with the 5 Mil saved from the Fugu deal they can pay these guys to work a little overtime. Not a big fan of the Fugu deal to begin with but the wrong kind of news keeps coming out.
My wife keeps pestering me that I need to get off of my spongecrack addiction. I sure do get a hoot out of this stuff.
Read the headline ... notice the word right after "Inc." and right before "Independent"
businesswire
SpongeTech® Delivery Systems, Inc. Retains Independent Registered Public Accountants, Deloitte Touche LLP
Read the Headline ... I think the word retains is in it. Not appoints.
businesswire
SpongeTech® Delivery Systems, Inc. Retains Independent Registered Public Accountants, Deloitte Touche LLP
It is not information ... it os conjecture. Unproven, unfounded and based on hearsay.
I mean come on. This stuff gets so deep in here. We need to be calm and easy handed. You are either investing (which implies more than a day or two) or you are running. Those of us who are still in it after the last two weeks are in it because of fundamentals - simple as that. We have held because the smart bet is that the company is undervalued relative to revenues and anticipated growth. Then a bunch of fear mongering nuts run around screaming fraud and SEC investigation in the absence of any proof. Even while the firm is hiring the auditors money can buy. Stupid. All anyone has to do is open their eyes to see things are not as these fear mongerers claim.
Put it to bed. They wouldn't have hired Deloitte to audit themselves if they were a bunch of crooks. Crazy. Let me think this through ... I am a crook ... I know I will hire a premeire accounting firm, post Sarbanes Oxley to show everyone what a real crook I am.
LOL. A dump? Man those dumps are really driving the stock up!
I am thinking he is expecting it to be corrected back the 900 Mil. level ... just guessing.
Yeah Spino, within the last 15 minutes.
I did. 3 Billion
I hope you are right Dumar. Would be nice to get a flurry of good news for a change. The last couple weeks have not been fun.
Nah, its a little less nefarious than that. They tell people lies because they don't want to get accused of spreading insider info. You know that. If they talk, they get in trouble,
I love the way this stock is tanking ... upward. Must be all the Dilution.
But it probably pointed out some shortcomings in SM's accounting abilities too.
You are right buddy!!!
There is more here than meets the eye. I would not be surprised if they made a mistake in all their filings and they are upping the A/S to properly reflect some stupid mistake they made before. Who knows. I am still pretty convinced these guys are for real though. You don't go pay big bucks to hire Deloitte & Touche to tell you that you are a bobble head. They are getting things straightened out. I put the New York Post on the back shelf.
The New York Post is tabloid journalism at best. Go to Wikipedia, they say the same thing. Notice the banks don't even pick this garbage up as a news feed. Hence, whatever they write about SPNG or any other company is highly suspect. Guess the other side is trying to work the stock price down. Support seems to be pretty good. I think the stock is doing just fine. So funny how they all come out at the same time. And it is the same people from last week. They were noticably absent the last two days though.