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LOL.. I trade NNLX; I go in make some cash and get out. It takes quite a bit of time for me to move a pink from the trade only mode to investment the mode. For me, the jury is still out on NNLX - the stock/company looks good, however waiting on management to deliever and report (audited info).
I guess Tuesday is the eventfull day! Not LOL. I will go back into coma now - wake me up if Bret does anything.
That is reasonable assumption. Management has been busy working on scamming folks and protect their ass. Auto pilot for the operation side of the business? Yep -its doable.
LoanR good/accurate and complete research. I don't know what Crow is talk about the IRS not helping you. Depending on an individual specific tax position federal/state income tax rate; whether they have other gain or loss; and whether you actual pay income taxes - you can recover in excess of 30 cents on the dollar on your SPNG losses. Folks need to consult their tax advisor for their specific impact on the SPNG losses.
Yes it sure did! (Inside Jared's head - outside his head IMO not so much)
What will happen Monday?
What would really be awesome (so far not likely)! Nice to have the SPNG longs recoop some cash via the crooks getting wiped out!
Humpty Dumpty has fallen! And all the crooks inside of Humpty Dumpty are now exposed! Thats awesome! I really hope they catch everyone involved in this rather comprehensive scheme!
Pre-mature paintalation
Well the court has several million from the Mutts as bail. IMO the Mutts raped SPNG and its public shareholders and squirreled away cash - turn around is fair play.
Well the court has several million from the Mutts as bail. IMO the Mutts raped SPNG and its public shareholders and squirreled away cash - turn around is fair play.
If SPNG is able get the scamer groups personal assets (the court already has millions from the MUTT brother that they posted as bail), change in management, then perhaps the company has a shot at running a clean business (no pun intended - OK yes it was intended).
I HOPE there are enough assets for everyone that got stiffed to get paid and that the business is salvaged (somehow) so that employees that had nothing to do with the scam continue to have jobs (under new ownership/management etc.). For the scamer group - don't bend over the soap or sponge.
LOL.. This reminds me of the moive "Big Stan"!
Great! So his elderly parents lose there house? If that is true this guy is more than nutz. You think he did himself in?
I dis-agree. I beleive SPNG's R&D group is working on a new sponge for inmates. The sponge filled with soap and aloe vera - good stuff for hemorrhoids. PR coming out soon!
We can have a chat about that when the 10K comes out. Until then it all about Mutt Brothers going for the soap.
Don't forget the fact that you need the sponge to wipe off the locus - and therefore sales would increase even more! Mo money; Mo money; Mo money LOL
Yep - Agreed! That is the name of the game.
That is a reasonable explaination - I relied on that as well. However, once the 10K was late, marketing partners sueing them left right and center, D&T jumping ship, etc.., etc... All new information which makes the old information not relavent. resulting in a re-assessment of your position and value of the company - clearly downward!
"except with new start up pennies .. and with the insiders history of other scams and bad deeds .. high volume pennies with large amounts of PR's and 8k hype and off the chart message board chatter"
Agreed - but those companies are not going to be issuing 10Ks year after. The house of cards will fall, it always does.
Stock is trading on speculation that it has residuial value and/or that there may be a change in management. It has no audited number to review and make a conculsion - Its Vegas babe!
Its a general statement, one by which to live by. The problem is when you look for exception to the general rule (eq. the 10K is not true) you open the door to other exceptions as well. For example, the 10K has not been filed because etc.. etc,. etc.. and before you know it, everyone is off the reservation! I feel pretty comfortable with a 10K signed off by a a big 4 firm or nationally recognized creditable firm and yes there is always risk.
Trust is earned thru a series of 10Ks, on time, one after another. During setember 2009 management did not deliver! Investor reaction should be to trim down position and wait for more info. Mangement provides no 10K in early 2010 followed by lawsuits, etc.. - investor action, you FIRE management by selling the balance of your position, thereof breaking off any and all business relationship with them/company. People put to much trust/faith into managment teams that have promised to deliver but in reality have not (10K=reality; PRs do not).
well said!
"In addition, the order stated that Spongetech had not filed any periodic reports with the Commission since the period ended February 28, 2009. Since the expiration ofthe 10 day trading suspension, Spongetech shares have continued to trade on the grey market, in which trading takes place involving securities that are not quoted in any quotation service. Since that date, Defendants Metter, Moskowitz, and Spongetech have continued to issue materially falseand misleading press releases regarding Spongetech."
These guys are serious nut jobs! There are the Madoffs of the penny stock world...
I beleive the folks here don't have a problem with the "Ship". Its the Captain and his First Mate that are the issue. However the main problem is that the Captain and the First Mate drove the Ship into many icebergs (they thought it was a parking space). Will the Ship go down? maybe it can be repaired (THAT I BIG MAYBE). It clearly has many holes and its taking on water from the icebergs. My advice - don't get on a Ship with holes!
Com'on! Don't be a party pooper! I am waiting for the Memorial Day barbeque cleaner sponge and related PR! Hmmm... I wonder if the MUTT Brothers can issue PRs from jail?
Nice post.
If you are going to put money into SPNG and you are doing it for shits and giggles then that fine; any other reason the answer would be NO!
I am very impressed Mosko got the spelling and grammar right! LOL.. Perhaps he should stick to one word answers; four word should be the max (for a example - "I take the fifth").
Lots of people eating their words!!
Follow the money!!! All of those followers of the money now have losses just like Pike.
Just keep on buy it!! Well now you lower average.
They going to fill his ass with soap in jail - LOL!
Lets not forget the 10K or lack thereof! Seeing sponges in every CVS/ Walmart etc.. really amounts to nothings without the entire audited f/S picture!
Sometimes even several generation of CPAs! LOL..
Also GE and Ford do not have the Mutt Bros. runing them!!!