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.
There is no sentencing date scheduled for him.....can you provide a link if you think there is one?//TIA
oil...is wrong as the Court has not delivered a verdict and the same goes to you....if you think the Court has delivered a verdict, please provide links.TIA. Besides, why take the tax write off now when it cna be taken in March 2013, if necessary.
Oilspec...that's pure speculation on your part.I would wait for the BK case to conclude, especially since the trustee is going after the DICON fraudsters for monies which will be used to resurrect SPNG. When the DTC lock opens up, the shorts are going to scream!
Well said Dave.................
SpongeTech STOCK REVOCATION is for JACKPOT!
Homeboy: Let the Court set the record straight! The general public are not in a position to do so!
ALL ALLEGATIONS>>>GL!
Can u post a link to court documents that the SEC/DOJ found they sold $100MM illegal shares?like Nike Says just do it!! tia!!!
Minimum $10 million in sales for SPNG by court recognized auditors....go SPNGQ!!
$10million in sales between Jly 2009 and 2010...as indicated by auditors Alvarez and Marsal....good enough to get SPNG jump started.
Jean-Pierre Neuhaus...Cavanaugh...Frank Nicolais...connected to SPNG debacle??yesnoyesnoyesnotesnoyesnoyesnoyesnoyesnoyesno??????!!!!!!
Translation from German (News)..............
FBI put two Swiss financiers trap
PDFDruckenDiesen post email a friend
Friday the 16th March, 2012 18:35 Clock
A Real Crime: They wanted U.S. retail investors tighten worthless shares and went a camouflaged as a middleman FBI agents on the glue.
The handcuffs snapped for Jean-Pierre Neuhaus and Roland Kaufmann at a restaurant near the famous Carlyle Hotel on the 76th Road to. There, the two wanted to meet with a Swiss intermediary for lunch.
The promised them connections to a network of corrupt brokers, told the "New York Post" on Friday as a top story on the Internet. But instead of the middleman rushed FBI agents and arrested the duo.
The notorious Neuhaus wanted to avoid the United States actually
Here, Neuhaus had made ??to avoid the United States. Several years ago, it should be according to the New York newspaper fared in connection with another dubious equity business with a fine of 570,000 dollars. In 2000 he is said to have served for the accusation as a witness.
But he had managed the disguised as a middleman U.S. police to lure the notorious Swiss in the Big Apple. Here Neuhaus is now waiting in Booklyn's Metropolitan Detention Center along with his partner in the process.
Worthless shares in a shell company in Dubai
Neuhaus is for information of the "New York Post" also have been on a fraudulent "penny stock" hoax involved with shares of Company Sponge Tech.
This time we went to the letter box Axius Inc., based in Dubai. The newspaper reported that the two wanted to get rid of the worthless shares for $ 5 million to unsuspecting U.S. investors.
For kickbacks of up to 28 percent of the broker should drive the stock price up for a while in order to attract more naive investors.
Moskowitz was never an accountant, always CFO & COO. So what gives? What is the SEC wufuing??? Drake & Drake always audited their 10Ks....I think all that the SEC is saying is that Moskowitz should never represent to the SEC as an accountant which he never did!
Nice highlighting....so what was the accounting problem...that he did not do a good job of accounting the share structure which appears on the Balance sheet...what did he mask..the truth or the scam? Did he account to the upside or to the downside? still lot of questions! And , Oye...what was the thing on the securities deal...did he wrongfully enter into a swap deal with RME?? Did he have the SEC on a wild goose chase?
Thanks for this very informative post...looks this stock is neck deep in NSS!!!
That's my understanding too. Besides the latest transcripts indicate that Silverman feels that the Dicon transaction was beyond doubt a total fraud! Mosko has plead guilty but the sentencing date has not been set which implies he can revert on his plea. In addition what did he plead.,..I believe it is under seal. So the BIG Q is why are people saying that Mosko is guilty?? Now we know some people are serving prison but it is not in black and white what fraud they committed. To illustrate Gerard D'Amaro is serving prison...we know he was the recipient of SPNG shares(several millions) and along with Romero brothers were trading SPNG shares. Gerard is also connected to Dynkowski who is still on the lam......we also know that Dynkowski is accused of money laundering, pump and dump activities, etc...and so it goes.....the dots are yet to be connected and revealed.
well, I know you guys are in a hurry but the case isn't over till the bigger fish is fried!
the fraudsters are the MMs, B/Ds and primary clearing houses.....
never say never!
Hey Renee, can you post links where it says that the Court declared what you are saying......as a matter of fact the DOJ is still investigating while seeking a protective order so that nothing is revealed till the investigation is complete.....I guess they are waiting to net the big Kahunas, possibly bigger than Emerald Asset Advisors......
Spongetech was a fraudulent enterprise that used the sponges as a contrivance to perpetrate the criminal frauds and the Securities violations.
Because Spongetech was a fraudulent enterprise in every context there is absolutely no way under the Laws of Land or the Securities Laws or under all the wishful thinking for a miracle that Spongetech the company would ever be allowed to continue.
SPONGES are selling.....tectonic shift happening to SPNG....
http://www.soap.com/p/spongetech-sponge-bob-square-pants-soap-filled-bath-sponge-yellow-400463
Hey Fla.....those are just allegations made by the SEC, yet to be proven. SPNG's SB2 was made effective Aug 2006 after intense scrutiny by the SEC.....Why would SPNG risk manipulation beginning in 2007 to 2009.......I believe the SEC made a blunder....that's why Tao got the boot from SEC and Richard Simpson is no longer on the case, yes the very same Richard Simpson who is supposed to be a guru in extracting illegal gains!!!
And by the by Fla...that 10 million figure was arrived at by a Court accepted Auditor, which mean the SEC, the Plaintiff did not object to the appointment of the Aduitor or his findings as there were no objections raised. Get your facts straight.
One question that's on my mind is,why is this happening so late...is it because of Reid or.....
At 14 cents it is a hot buy, especially if the Trustee is going to resurrect DICON.
The court has not declared that Mosko and Metter sold unregistered shares...it is still an allegation.....
So why do nay sayers keep harping on spongetech principals, one has plead guilty and the other is kicking the DOJ/SEC in their groins....why not talk about Emerald Asset Advisors...they are an entity of interest to the DOJ/SEC as well as to the shareholders. Their methods of inundating the market with shares while making monies is similar to how other third parties indulge in such activities.
yes, shareholders are routinely cheated as these so called investors remove restrictive legends illegally and distribute the shares, thus making them unregistered shares!Of course, sometimes, they steal the certs or counterfeit them, all in the name of making monies and at the expense of shareholders. And then there are other methods that they employ too, like borrowing shares against restricted shares and then shorting the company's stock to oblivion.
status of Chap 7...winding down??!!
BK court , status hearing on 25th Sept 2012.
One Point,
I think the Smarter Sponge will prove nay sayers otherwise!
Kudos, you have found the whole in the bucket!
1 Euro = $1.23
# shares traded = undisclosed!
Definitely, at $9 a share and 3B OS, SPNG is being valued at 27B market cap...are they on their way to $500B market cap!?
If you wait a bit, it may rain Sponges!
Emerald Asset Advisor LLC, an entity of interest...YES!
there were several billion CEDE air shares available....that is correct.
from the factory...see the MFG date.
those are your opinions and you are entitled to them
The courts have not given their final word...you are just speculating on the final action for your convenience!
Whether they defrauded or not, it is up to the Courts to decide...frankly speaking the SEC screwed up!
there are no more myths and misconceptions about NSS..try another line....if you are serious just google 'Economic Warfare:Risks and REsponses'.....it talks about NSS in US capital markets in great depth and Risks it poses.....sincerely
Myths and misconceptions about NSS place the blame on everyone other than the only real offender, the serially diluting company who floods the market with unregistered and / or illegally exempted from registration shares.