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I still believe Bloomberg was SHORT shares..... eom
If they dont deny it , then they are OK with it? If it is fake wouldnt that leave them in bad spot to get sued? Like saying hey SPNG I know that stuff is all fake and hurting you but I am not going to deny it and let it hurt you more? AND OR dont u think they would want it stopped if it WAS fake and shut down whoever posted it? Something not right , no one is coming out one way or other , lots of money at stake , al the companies listed have something to lose, lawyers thrive on these types of lawsuits, they r leaving themselves open to major trouble one way or other , they need to deny and stomp it out , or stomp it out and stomp the poster of the letters, one way or other , dont you think?
What about the transfer agent or attorneys that are NAMED as part of this?
I first saw it Sunday night. It has been up for few days , you can find the owner of URL pretty easy for matter of couple dollars. Plus the company names listed , the transfer agent , the attorney listed , they have not come out and said it is false, have they? If I was owner of this transfer agency or attorney listed I would be putting out PR saying it is fake , SPNG would/should do same , and or at very least have the ISP carrying the url shut it down w injunction , look at todays PR , IMO it could have been worth millions to shareholders if these things were not in market place , were is SPNG on the subject , issuing PR and not answering the tough questions>? again what is transfer agents postion , lawyers postion , y is it still online? I have feeling it is NOT 100% legit myself , but , however , SPNG is one major red flag otc penny stock so who knows.... IMO
I strongly believe IMO , SPNG is one trade away from full blown SEC investigation , for other matters, but not these letters on the web. IMO
why did SPNG / SM have to withdraw the registration last time SPNG tried to register shares thru prospectus? Why do you think they have these billions of "unregistered" shares hanging around!? THEY CANT GET THRU THE NEEDED DISCLOSURES THE SEC IS ASKING FOR , so they withdrew the registration last time they tried to file , if they want to uplist or try again to register shares those same disclosures will need to be gone thru again PLUS a host of new disclosures.... SPNG is lucky to be an OTCBB imo.. they r barely one step over a pinky....
I strongly suggest you read these SEC uploads in RE to the last time SPNG tried to register shares thru prospectus:
http://www.sec.gov/cgi-bin/browse-edgar?type=upload&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
Here are a few of the questions the SEC had , and SPNG DID NOT Answer - they WITHDREW the registration.... These same disclosures and questions will need to be answered if they ever wish to uplist and register shares ....
Summary Compensation Table
18. It appears that Mr. Lazauskas should be included in the
executive
compensation section. We direct your attention to Item
402(a)(2)(iii) of Regulation S-B.
19. Reconcile the number of shares issued to Mr. Moskowitz with
the
disclosure in the certain relationships and related transaction
section.
20. Please advise us as to Mr. Rubin`s role with the company. It
appears that Mr. Rubin may be required to be included in the
executive compensation table, pursuant to Item 402(a)(2)(iii) of
Regulation S-B.
21. Given the relationship between certain officers of the company
and RM Enterprises, it would appear the stock issued to RM
Enterprises in January 2005 should be included in the executive
compensation table. This would appear to be indirect compensation
to
those control persons.
Recent Sales of Unregistered Securities, page II-2
22. We reissue prior comment 26 from our letter dated December 20,
2005. We again note the stock issuances in 2002. The stock
purchase
agreement was not entered into until July 2002 and these
transactions
were conducted in March and May 2002. Therefore, we continue to
note
that the company was a blank check company at the time of these
transactions. Rule 504 of Regulation D is not available to blank
check companies. Please revise the disclosure to discuss whether
another available exemption may be relied upon.
23. Disclose the exemption relied upon in the July 2002 issuance
to
RM Enterprises.
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt
IF SPNG would STOP playing all these stinky pinky games with PR, filings and stop doing business with known stock manipulators and such they might could go someplace... IMO
Has anyone seen this? I am finding it posted on stock boards all over the web. What is deal?
http://spongescam.esmartbiz.com/spng1.html
so they got paid in shares? that is not disclosed either....
good points , i have made loads of cash on SPNG , flippin it , SPNG has been good to me , but this stock is , IMO , one trade away from an SEC halt and full blown SEC investigation.... Dont be last one left holding this bag for sure..... if u read the past SEC filings from the early days of SPNG , and see they could NOT provide the needed disclosures to fully register shares thru prospectus, you would realize those same disclosures are missing still today and SPNG is not going any further until they clean up all of the (uploads) they left hanging with SEC all those years ago , and they have created a long list of new ones , dont get me wrong , SPNG can and will trade higher , and lower , it can be used to make big monies , but it is at its core just an otc penny stock marketing company....
IMO
for the quarterly period ended February 28, 2009:
During the last two fiscal years, we received some essential services at no charge due to certain business relationships established by our management. Had we been charged for all these services, these costs would be reflected as expenses in our financial statements. Some of the areas where these services were provided include, but are not limited to, art work, packaging, design and consulting. We anticipate that this arrangement will continue at least through the current fiscal year. If and when this arrangement ceases, we expect that our costs of doing business will increase.
___
During the 2008 fiscal year, a portion of our selling, general and administrative expenses, including costs related to product and package design as well as certain consultants, were borne by (and not charged back to the Company) a privately-held company controlled by the family of our Chief Operating Officer.
_____
http://www.sec.gov/Archives/edgar/data/1201251/000114420409021409/v146656_10q.htm
No that is NOT what it says:
There CLEARLY WERE "COSTS" that were NOT CHARGED BACK TO THE COMPANY..... Please read what it says , one word at a time:
portion of our cost of goods sold, including costs related to warehousing, packaging, and shipping of products, were borne by (and not charged back to the Company) a privately-held company controlled by our Chief Operating Officer.
You CAN find almost this exact verbiage in recent SPNG filings as well....
SPNG will NEVER uplist with disclosure like this in the filings...
IMO of the FACTS
lol u r kidding right? Please post a link that has all the words RCC Holdings not just a search for the word "wastewater" lol... please dude b real.... so any article w the word wastewater on epa.gov is RCCH ?! Is that what u r claiming? lol....
RCCH is an empty shell with no business and no revenues? Please post ur DD that says otherwise????
spin it however u like. That is all fine by me , I will stick with the FACTS.
These filings DO NOT show the true profit (loss) of the company... Why not disclose these costs ""not charged back to the company" ? if it is such a small no big deal issue - why not disclose the costs? Or would they also have to maybe disclose the total number of shares they paid to these guys to cover these costs? not sure - but if it was not a large amount of money why NOT disclose? Does it maybe take these totals of this filing from a profit to a loss? not sure , we dont know , it is NOT properly disclosed... This is WHY SPNG trades for pennies and not dollars. IMO
Cost of Goods Sold
While the cost of goods sold increased significantly as a result of our increase in sales. In addition, during the six months ended November 30, 2008, a portion of our cost of goods sold, including costs related to warehousing, packaging, and shipping of products, were borne by (and not charged back to the Company) a privately-held company controlled by our Chief Operating Officer.
THEN AGAIN UNDER SGAE>
a portion of our selling, general and administrative expenses, including costs related to product and package design as well as certain consultants, were borne by (and not charged back to the Company) a privately-held company controlled by the family of our Chief Operating Officer. During the current fiscal year, some of these costs are still being borne by (and not charged back to the Company) a privately-held company controlled by our Chief Operating Officer.
PAGE5
http://www.sec.gov/Archives/edgar/data/1201251/000114420409002030/v137081_10q.htm
i have flipped spng 5x , made huge profits , it is my #1 profit maker this year , it is being manipulated , not saying the stock is not can not be a money maker to those that buy/sell smartly knowing it is being manipulated in PR verbiage, in filings, insider transactions, comments on boards , all over , manipulation runs deep with SPNG IMPO
The SPNG Filings do NOT disclose the True cost of goods sold and the true SGAE costs. What are the TRUE ACTUAL costs , Why does'nt SPNG Disclose the amounts "NOT CHARGED BACK TO THE COMPANY"?
The FACTS are > SPNGs' $2 mil profit from this filing is not truly a $2million profit....
These non disclosures are one reason why SPNG cant file a registration with SEC and have it declared effective , (no wonder RME will give shares back they know they will never be registered?) these tpyes of games with the books are for pinksheet BS companies. IMO These issues are why SPNG is .15 per share, and it should be $1.50 or more , when you dig in the filing you see they are lacking extremely important disclosures , and no reason for it other then hiding something , if it is not big amount , no big deal, WHY NOT DISCLOSE IT?!
Cost of Goods Sold
Cost of goods sold was $6,547,563 or approximately 36 percent of sales, for the six months ended November 30, 2008 as compared to $48,676 or approximately 14 percent of sales, for the six months ended November 30, 2007. While the cost of goods sold increased significantly as a result of our increase in sales. In addition, during the six months ended November 30, 2008, a portion of our cost of goods sold, including costs related to warehousing, packaging, and shipping of products, were borne by (and not charged back to the Company) a privately-held company controlled by our Chief Operating Officer.
THEN AGAIN UNDER SGAE>
Selling, general, and administrative expenses for the six months ended November 30, 2008 were $733,655, an increase from $95,108 for the six months ended November 30, 2007. During the 2007 fiscal year, a portion of our selling, general and administrative expenses, including costs related to product and package design as well as certain consultants, were borne by (and not charged back to the Company) a privately-held company controlled by the family of our Chief Operating Officer. During the current fiscal year, some of these costs are still being borne by (and not charged back to the Company) a privately-held company controlled by our Chief Operating Officer.
PAGE5
http://www.sec.gov/Archives/edgar/data/1201251/000114420409002030/v137081_10q.htm
Take this previous filing as example , IMO this is very deceptive if not outright cooked books.... IMO
IMO it appears they completed the "final test procedures" and got "final approval" for the sponges for these 2 purchase orders below and then listed a years worth or more of orders as a done deal one time sale out the door?
Per the filing:
To date we have received purchase orders of $4.7 million for Puddle Pal’s Children’s Sponge products and $6.4 million for Uncle Norman’s Pet Sponge products.
7. Revenue Recognition
Sales and services are recorded when products are delivered to the customers. Provision for discounts, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. In instances where products are configured to customer requirements, revenue is recorded upon the successful completion of the Company’s final test procedures. For the six months ended November 30, 2008, three customers, SA Trading Company, Dubai Export Import Company and New Century Media, accounted for 82.9 percent of sales.
http://www.sec.gov/Archives/edgar/data/1201251/000114420409002030/v137081_10q.htm
Interesting comments RE: Spongetech car wash system on Amazon:
It is NOT my comment or IMO , But , I thought it was interesting to see how deeply the manipulation of SPNG actually goes ....
FAKE REVIEWS, BEWARE! this is a lousy product!, June 20, 2009
By C. throupe "do your DD" (yahoo message board,ca) - See all my reviews
See all the good reviews here? looks good right?...wrong...all these reviews are made by people who have only written one review..you guessed it on this product...all very similar in writing style....pretty obvious in my opinion the company is pumping this product... which by the way I purchased and it dosent work worth a damn, complete waste of $$$.
http://www.amazon.com/SpongeTech-Wash-System-Pack-Combo/product-reviews/B001O845OE/ref=cm_cr_pr_link_next_2?ie=UTF8&showViewpoints=0&pageNumber=2&sortBy=bySubmissionDateDescending
That is EXACTLY why we have all these new posters showing up here daily touting , this stock is being pump dumped in a big big way... imo
I WAS long a lot of various NatGas plays until recently , I saw same reports of bulding inventories , now if and when oil spikes again we should see the price jump , it is really low right now , but it is going to take a large interruption and or catalyst to get NatGas back on the move.... You know I would buy a natgas car if it was possible , just to hard to find the service and fuel refills needed, I hear same thing from truckers, I guess there are few new natgas semi trucks on market but it is so hard to find refill stations and service stations it is to risky... NatGas may have a ton of benefits and may be a solid source of fuel in the future , but right now , today , we are years away, I sold almost ALL of my natgas holdings , at small loses mostly , I do still hold some UNG call options and few shares of UNG as a defensive play in my IRA ....
TRIB has a LOT of interesting devices in the pipeline , PLUS a LOT of very well selling devices , WORLDWIDE , Not to mention the renewed interest in the HIV Rapid assay uni-gold... AS IS , IMO TRIB is a $10 stock , and the future of the rapid assay market is huge , IMO we are going to see rapid assays for the various bird flu , pig flu etc... strains , so anyone can take an instant test and know if they have it and also know if you need to quarantine people at school, work, airport etc... I really think a company like TRIB is going to come out with an instant rapid test by drop of blood or swab of salivia that can detect what strain of flu u have and the company that does is going to EXPLODE.... TRIB would be in the mix IMPO
Northern Explorations, Ltd. (NXPN) Is new the Pink of the month touting the Adams Ranch gas wells, However after a recent PR campaign it Looks like they are getting cold feet , or have they realized the scam just wont work again and again?
Dominus Energy, A.G., a Swiss corporation
Hmmmmm how did they get control of the Adams Ranch property?
Northern Explorations, Ltd. (NXPN)
The Company also announced today that it has entered into an option purchase agreement with Dominus Energy, A.G., a Swiss corporation ("Dominus"), to acquire gas wells in the Adams-Baggett field in Crockett County, Texas. Dominus and the Company have effectively terminated and released themselves from the acquisition agreement announced in early June 2009. Due to the difficulties encountered with delays in financing arising from current economic and industry conditions, including a recent decline in gas prices, the parties have postponed the acquisition and instead have entered into the option purchase agreement which management believes could result in the Company's acquisition of the wells and other assets, within 90 days, at terms more favorable to the Company.
The PRs always says orders "booked" very deceptive IMO.eom
VYEY is now a totally empty shell?
Northern Explorations, Ltd. (NXPN) is now the pink of the month operating the Adams Ranch gas scam.....
HU? What did u find???? the company is an empty shell with zero business zero revenues? Please post this "DD"? lol....
Alaska's senators argue with EPA over Coeur actionTlingit-Haida Central Council says agency's action surprised tribe
By Kate Golden | JUNEAU EMPIRE
Alaska's U.S. senators in a Wednesday letter explained why they think the Environmental Protection Agency is wrong to say the Kensington gold mine could use more environmental study.
"We are reviewing the letters and we will respond accordingly," EPA press secretary Adora Andy wrote in an e-mail Wednesday.
Kensington owner Coeur Alaska Inc. wants to put its ground-up waste rock, or tailings, in Lower Slate Lake. And it wants to start construction this year. The mine has been held up in environmental litigation since 2006. Politicians and the miners have urged the U.S. Army Corps of Engineers to reissue the permit for the tailings plan quickly. Further study would delay the mine's reopening.
The EPA, however, told the Corps in a July 14 letter that the agency preferred the mine store its tailings on land and in paste form. The agency said new information has surfaced that requires the Corps to take another look at upland storage. The tailings plans were last analyzed in 2005. Coeur abandoned the land storage plan last year.
Republican Sen. Lisa Murkowski and Democratic Sen. Mark Begich wrote that the EPA never objected to the Lower Slate Lake tailings plan when it was being considered. And they said the EPA's "new" information isn't so new, but substantially similar to an alternative that was analyzed and found less suitable in 2005, they said.
Tlingit-Haida Central Council President Bill Martin also wrote the EPA on Tuesday complaining that the agency didn't properly consult with the tribe. The tribe's Alaska Natives are depending on the mine for jobs.
Tribal members who met with EPA officials on the topic in Washington, D.C., the day before the agency asked for more studies, weren't told it was coming, Martin's letter says.
Martin asked the EPA administrator to have the U.S. Justice Department investigate whether the regional EPA office had violated the tribe's rights.
Idaho-based Coeur d'Alene Mines Corp. owns Coeur Alaska. Kensington is 45 miles northwest of Juneau.
• Contact reporter Kate Golden at 523-2276 or e-mail kate.golden@juneauempire.com.
http://juneauempire.com/stories/073109/loc_473235368.shtml
Very Interesting. I say BUY the hard asset and contact regulators , file complaints to have all of the manipulation STOPPED , All of this shorting of 'paper' silver that does not even exist is really hurting the silver market.. Good info thanks for posting.
They are still on todays REGSHO list:
ftp://ftp.nasdaqtrader.com/symboldirectory/regsho/
MILLIONS and MILLIONS of Unregistered Restricted shares , dual listing in france and german bourse , volume that does not seem correct w public OS/AS , Please open ur eyes , IT HAS NOTHING ZERO ZIPPO NADA to do with NSS..... It is straight up premeditated manipulation by restricyed share holders... IMPO of the FACTS as I see them....
IMO
JAMES DIAL Director EXOCET CORPORATION
JAMES DIAL President EXOCET CORPORATION
JAMES DIAL Secretary EXOCET CORPORATION
JAMES DIAL Treasurer EXOCET CORPORATION
JAMES DIAL Director GRIFCO INTERNATIONAL, INC.
JAMES DIAL President GRIFCO INTERNATIONAL, INC.
JAMES DIAL Secretary GRIFCO INTERNATIONAL, INC.
JAMES DIAL Treasurer GRIFCO INTERNATIONAL, INC.
JIM DIAL Director UNIVERSAL ENERGY HOLDINGS, INC.
JIM DIAL President UNIVERSAL ENERGY HOLDINGS, INC.
JIM DIAL Secretary UNIVERSAL ENERGY HOLDINGS, INC.
JIM DIAL Treasurer UNIVERSAL ENERGY HOLDINGS, INC.
JIM DIAL Director 1ST TEXAS NATURAL GAS COMPANY, INC.
JIM DIAL President 1ST TEXAS NATURAL GAS COMPANY, INC.
JIM DIAL Secretary 1ST TEXAS NATURAL GAS COMPANY, INC.
JIM DIAL Treasurer 1ST TEXAS NATURAL GAS COMPANY, INC.
JIM DIAL Director UNIVERSAL ENERGY RESOURCES, INC.
JIM DIAL President UNIVERSAL ENERGY RESOURCES, INC.
JIM DIAL Secretary UNIVERSAL ENERGY RESOURCES, INC.
JIM DIAL Treasurer UNIVERSAL ENERGY RESOURCES, INC.
JIM DIAL Director PRECISION DRILLING & EXPLORATION
JIM DIAL President PRECISION DRILLING & EXPLORATION
JIM DIAL Secretary PRECISION DRILLING & EXPLORATION
JIM DIAL Treasurer PRECISION DRILLING & EXPLORATION
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
Jim Dial Nevada shell > EXOCET CORPORATION
He has a new nevada shell working....
Actions\Amendments
Action Type: Acceptance of Registered Agent
Document Number: 20090089135-87 # of Pages: 1
File Date: 01/27/2009 Effective Date:
Action Type: Reinstatement
Document Number: 20090089136-98 # of Pages: 1
File Date: 01/27/2009
President - JAMES DIAL
Address 1: 1800 E SAHARA AVE Address 2: #107
City: LAS VEGAS State: NV
Zip Code: 89104 Country:
Status: Active Email:
Secretary - JAMES DIAL
Treasurer - JAMES DIAL
Director - JAMES DIAL
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=QJDPUP%252fX5nPSvnwbF%252bfpOw%253d%253d
Spongetech Delivery Systems Inc. (OTCBB: SPNG) 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'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 Delivery Systems is exploring additional applications for its technology in the health, beauty, and medical markets. It plans to globally brand its company as America's Cleaning Company. The company was founded in 1999 and is based in New York, New York. With 722.87 million shares outstanding and 108,200 shares declared short as of June 2009, there is a failure to deliver in shares of SPNG. According to quarterly data provided by the SEC, there were still 5,289,804 shares of SPNG that were failing-to-deliver as of June 12, 2008.
http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.b68f59b0f1ca64d2cf38e9f22b03cbacfa5cbb507efad35817778a9dc9264300
He sold out long before April 30, 2009 , This is a dead stock , day traders , MM and the last guy to buy from Gene playing games, but no business, no revenues , nothing here.... imo
They will make a deal , Spain knows they cant win , but they wont just give up , it is high stakes negotiations , OMEX will pay a royalty and give them some of the real treasure for a museum etc.. but OMEX will get the lions share of this treasure , lets hope it is sooner then later....
u will lose all ur $$$ imo.eom
He had until April 30,2009 to sell , the filing u see is the initial paper document scanned as of Spet 2008. IMO there is no DOUBT he sold it all....
Taking a Short position and covering a sort position is "BUYING" the stock , I am sure he is buying covering new positions daily. IMPO
He filed to sell $1million in RCCH stock , end of story , he put out a few PRs and dumped the shares into the news end of last year , early this year , What have we heard since April 30, 2009? What PR news did we get after 8/2008 and before 5/2009 ? you make the call ..IMO of the FACTS
lol I agree > I am sure he bought a large Short and covered it today. Made a killing destroying the retail run IMO
Look up the term "Short Swing trade"
Look at todays action leading up to 11.30am and right after this great news came out today. TEXT book short swing trade IMO
This IS the 504 - See the box that is checked (504) REG D - see Gene Signature and dates?
Here is the SEC filing: http://www.sec.gov/Archives/edgar/data/1143723/999999999708039420/9999999997-08-039420-index.htm
Click on the "scanned PDF"
This IS the complete REGD 504 offering
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-039420
And again , it is VERY Clear , Gene filed August 2008 to SELL $1million in RCCH stock , he had until April 30, 2009 to SELL this stock , Look at the news flow and the dates of the news flow, Gene and RCCH are done with this pump/dump , they r going on vacation with ur money IMPO.