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Pinks will provide an ask bid. Greys will not. It will trade on the grays only if managment does not file a K or the broker/dealer does not agree with the accuracy of the financials
read below
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
The bashers will be right if we do not get financials
you really need to read what happens after an SEC suspension. this will trade grey and to keep telling people to wait til 9:30 to see is intentionally misleading.
I have read what happens (its not cut and dry as you make it appear). see below
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
keep wishing!
I guess your confirmation is from the automated page of pinksheets.com?
lol
Grey is unconfirmed at this point. We will know at 9:30 tomorrow what tier this will trade on. I think there is more hope then anything with the grey with the B****RS
GL
MINGY, look for a K in the morning. My gut tells me we will see it and it will be a very embarassing situation for many who have been posting. If it does not come before 9:30 then we can at least expect some sort of update.
The absence of both would be a surprise to me.
GL Mingy!
E-TRADE HAS UPDATED SPNG AND HAS IT TRADING ON "Pink OTC Markets Inc"
HMMMMMM
who knows what...really!
you're right
correction made. Thanks
Spongetechs continued advertising campaign
This image was from todays game. They gave these away today at the game
Correction... That is the walk ramp at the stadium
e-mailed to me by my sister-in-law
Visible in the staduim fom anywhere and enormous
I hope your wrong but you never know. I thought I had seen everything with this stock but dare I say that???
No way
WRONG!
RE: wallowing in ignorance
They could very easily recommend to the DOJ that a halt for the stock be in place PRIOR to trading again. Furthermore, the have the power to suspend for another reason and by the sounds and tones of opposition of this board, that would be an easy task. If they are guilty of SO MUCH wrong doing the SEC could suspend them again.
Tomorrow is not here yet and that COULD still happen but in my opinion it will trade again and many will be surprised at how much it will trade for.
Funny how now its obvious that DT would pull out.. How many posts from longs that said I was nuts or said DT were not going anywhere when I first started predicting that. I could easily find you a hundred.
Don't bother looking because I am sure you can. I was surprised they hung in as long as they did. I even tried to contact them to verify they were still retained.
I still think they might have been thier for a diffenent purpose and I also think we may see them again after the dust settles. Just an opinion
A B S O L U T E L Y
I've made a lot of unsubstantiated claims so far. The last one being that we should hear about DT pulling out at any time.
So far my unsubstantiated claims have all proven accurate. Not a dig, just a fact.
That does not qualify as rocket science in light of the attacks the company has been under since the announcement of the RS.
I have stated this before and here it comes again... I do not blame them. They need not be involved in the petty BS associated with the likes of this company. Had the R/S taken place and an uplist goal met... well that is a different story.
Things change (Thats advise)
Guess you did not get to read how SM put these deals together for .20 on the dollar after the financial crash last year.
DD is fundamental
Only if you base everything pending right now on tomorrow. I will be around for a while and tomorrows outcome will not fix everything that has been broken.
If I am wrong about this company I will be on the board to admit it. Will you?
Hasher speculation only. Unverifiable - non factual - pure guessing. Unless of course you were able to finally substatiate that claim... but I have not seen the evidence as of yet.
Suerte!
Correct you are and proud I am! It is what has taken this comapny to an extremely high increase in sales. Unfortunealy, it also atrracts the bad quyz who have so apparently tried to bankrupt a company with no debt... thats the funny part.. no debt!
Cheers
Good for you. I am glad that you master you own investing and not to be enticed to lock in a loss like many may. It only makes sense to me that if you read your reports buying in then you should read them before selling out (but thats just me) the rest is very much distortion
GL
Next season expect to see a banner that says:
The SEC & DOJ
The Smarter Enforcement Agencies
more like P&G/Spongetech
Check it out! This photo is 20 minutes old as of the time of this post
GO BUCS! (and New England)
The TAMPA BAY BUCS are playing today with a HUGE spongetech banner at the stadium. Furthermore, They have logos on the jersies.
Photos soon to follow!
OFF TOPIC!!!!
Post:
They should change it from Grey Market,to,Under The Table(UTT),to coincide with the Over The Counter(OTC)hahahaha!!
ELEA,
Send up a post! Want you opinion on tomorrows spng ativity!
You really believe that upcomming PR's will be lies???
Really?.... Really?
And the next audited 10K? cooked?
ya think?
I have a feeling you will be a hero amongst your people within a few trading sessions.
Do not lose sight of some facts:
The Company has not been charged with any wrong doing and the possibility of the investigation being frivolous stands tall.
The reality of the 2010 sales figures could send this off like a rocket.
The sentiment to dump your shares into shark infested waters is high
Products are being manufactured everyday
The company is OPEN for business and mgmt has not taken a open ended sabbatical to the islands
The outgoing law suits both have merit as will the ones to come.
The incomming law suits are premature and may never see the light of Day
The advertising campaign still in full swing
The product actually works well and has great future potential
The opposition on the board being ridiculous. The boards would be dead if the accusations were fact. The boards are hot and if the horse was really dead then why are so many still beating it?
Lets see... furth and Magic saying they have been filed, Deloitte stepping down from the plate, and very strange timing for that, no noise from management in regards to more time needed.
I can ad!
looking forward to the comming trade sessions
are you?
"Have it your way, digger. the fact of the matter is that no one has been able to locate any of those imaginary buyers. A fact that proves they do not exist. Put yourself in SPNG's shoes, pal."
Again with the abuse of the word fact. You assume that these companies must be part of the on-line community or part of your successful DD. Your failed DD does not constitute your claim as being fact and I am sure there is no convincing you of the possibilities otherwise. I will keep my open minded opinion public for the more timid to read. I do not fear your opinion regardless of how strong it is... PAL
If someone said that your key customers did not exist, implying that you are a base liar running a phony baloney scam and are stealing millions from unsuspecting investors; would you not quickly prove the existence of those customers, if you could? Of course you would, and it would be simple to do. Furthermore, you would quickly move to file suit against those who libeled you. SPNG has never shown any reluctance to file suit in the past. Why not now?"
First of all do not assume you know what I would do. Your assumption of what I would do is wrong! Especially if I am secure in knowing that my customers exist. 2nd, I am wise enough to take advice from a group of attorneys who have experience in dealing with slander and false accusations and groups of criminals with intent to discredit my company
The answer to that is obvious, i.e. the customers do NOT exist and they never did. SPNG will not say anything now be cause they cannot afford to lie any more than they already have. AS this mess winds down to its conclusion with the SEC, you will see, at some point in the future, criminal indictments. Its all about the SPNG boyz hiding assets and covering their backsides now."
speculation, more speculation, and poor speculation. You can roll poop in sugar but it does not make it a donut.
Good luck on your mission
Everyone knows it will begin trading on the morning of monday the 19th providing no more bombs go off. Not sure where you got the 16th from but that marks that end of suspension EOD
I am afraid this is being confused and exagerated so I will correct it as best I can
and your welcome
The investigation:
Sept 18, 2009 The investigation was put in place in regards to possible securities laws violations by the Company and/or other persons .
The suspension:
SEC does not possess the power to "halt" trading. They can and did issue a suspension. They did not give "several" examples of wrong doing so please read the following and keep it real dude!
trading was temporarily suspended because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning among other things, the amount of sales and customer orders received by the Company, investment agreements entered into by the Company and the Company’s revenues as reported in its financial statements
Reponse to:
"the SEC halted to look into the company and see if it was lying, or a scam, correct?"
I'm afraid you are completely wrong here. SEC doesn't halt trading just to "see if it was lying" etc. That is what the initial investigation was for, hence the formal "SEC investigation" prior to the halt in trading.
Obviously the SEC found enough evidence from their formal investigation to give several examples of wrongdoing directly related to SPNG management in their letter that called for the halt in trading of SPNG.
What part of the formal investigation and then the subsequent halt don't you understand? And did you read anything from the SEC that referred to NSS? I think not...
"i beg to differ! you already did. you bought the hype in the PRs and the phony numbers without one shred of fact to support them. no one cares if you sell your shares or not. The facts are, it will be almost impossible to sell them anyway unless you are willing to face the facts and try to salvage something, rather than hang on and end up with nothing"
the "Phony numbers", as you call them, are merely your claim and until your claim can be proven I get to call them real numbers and I am MORE CORRECT THAN YOU. Prove me wrong!
Hype in the PR's is another premature statement and unprovable unless you got your hands on inside information.
Ignoring facts is impossible when there are no facts to ignore. Current events have led only to more questions and not paved way for the desired answers that so many here would like to see
Finally, someone on a mission to help other people "not make a finacial mistake" or "saving them from further loss" would have a much nice demeanor about themselves and would be very genuine and authentic. I have yet to see that sincerity in the spongetech discussion arena.
Inability to be successful in your quest is NOT proof. Your search is likely limited to internet presence. Absence of fact can not be presented as proof. But good luck with that school of thinking
Trusting any of the claims made lately is dangerious as there are extremely obvious attempts to drive the sp further to oblivion.
When some one realizes a loss another realizes a gain. Which one would you want be? Time to play the game with eyes wide open.
There is a strong push for people to dump shares at a loss right now and I for one would not buy into anything short of FACTS
This sounds to me like more unsubstantiated BS based on what someone elses bad investment did for them. Most of the postings like this will be gone soon and the authors will be hiding under their rocks. Look up the definition for the word fact and you will see I have not been ignoring them. If you have "facts" give them up and back them up but you would be the first as THERE ARE VERY FEW even available. Also while studing the word facts look up "pump & dump" and compare characteristics. Even the better of bashing do not consider this pump & dump! a scam, a con but not a PD.
The highest aggregate FTD figure
from March through the latest data was about 26M shares. Check xDrewx's calculator.
Nowhere near a billion. You do realize the data is an aggregate figure on any one date; that is, you don't add up the numbers. On any given date, the data will show the total number of shares that are FTD as of that date.
Regards
Yes I do understand the data is an aggregate figure on that date. Never the less, I spoke with Bill Young in July and he made an unsolicited claim that the NSS problem was over 1.5 bil and also mentioned the majority as being from singapore. This comment was off topic as my purpose of speaking with him was totally unrelated.
This was one of two things:
1) a lie or,
2) the truth
Since that time I have had that validated by other posters who have followed this company much longer than I.
With out spending my time creating another list of why I believe the comapny is legit, I will just simply state that I believe the comany is under attack and for that purpose they have been very quiet.
I don't just kinda believe it... I really think they are getting screwed from every direction and the truth of the company will soon be revealed to all. I also think they will overcome this bad publicity and we will continue to see new products from them.
We will see.
GL
while I do believe many have covered... I will go on the record for estimating 1 billion as of this date. Monday of this week may change that drastically, but then again, that number may go up judging by the sentiment of the boards.
If this does not become public within the next 6 to 8 weeks or so I will consider you (and many others) as correct.
If this company continues to do nothing about this ftd problem that they consider to be factual and on-going for quite some time then I will be forced to believe it never really existed beyond what was reported via SHO REG. In the mean time I will have my eyes all over the volume (if afforded that opportunity).
I will also be forced to believe that dilution was a factor due to the daily volumes since June.
As of now consider the wool still over my eyes and I will continue to speculate to the defense of this company.
Not intrested in another go, and you are correct. They are required to report.
Would you care to go on the record as of this time and approximate with me and the board what you think the ftd number is currently?
Re: "They came off REG SHO list 3 days into the trading suspension
Please offer an explanation of how that could happen to a Naked Short position.
Regards"
One Reason Why A Security With a Large Short Position May Not Appear on a Threshold List:
The security's issuer is not registered or required to file reports with the Commission.
You may verify this information here - http://www.sec.gov/spotlight/keyregshoissues.htm
Re: Logic and reason are not under lock & key; and those are all thats needed to disprove those heretical ideas
This may be true... but your post offers no logic or reason to disprove them. I am addressing a concern with the company being on the sho reg of 50+ Days in a row and I await a sensible retort. Do you have one?
Re: You have any idea why the SEC didn't mention NSS in their filing on SPNGE?
My idea is closely related to an expression you may have heard "keep you freinds close and keep your enemies closer". If the SEC is clean and not profiting themselves from this wounded fish, then there may be some shock value in not mentioning it. Moreover, it may be intended for a trap in upcomming sessions
On the other hand (and I hope this is not the case), hand outs can be large when you are facing potenial Jail time or millions of dollars to cover your position.
Or anything in between
These are my 'ideas" and any information to prove or disprove my ideas are under lock and key at this time
"VIVA la SPNG posts" are you game. The short list provides data for that day. C'mon you know this