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His track record is quite a bit better than that, IMHO.
However, a real trader wouldn't be wasting so much time whining here. If you think you have his number dialed, then just don't do his picks, go find something else that profits you better. Sell and move on. THAT is how the game is played.
If this is just a joke, then why are you here?
I've noticed that you are really persistent on trying to help get the PPS down.
Nope, the SEC thinks they have found a few minor infractions. That's it. Sorry to ruin your fond hopes of doom.
Nope, you kind of have that backwards. You really don't know what you are talking about.
I actually haven't even posted here hardly at all in the last few months, just like most of the other real longs.
It's kind of curious just who you are preaching to here, trying to get to sell. Most of the real longs are no longer here. Myself, I only drop in for a brief look and a chuckle once every week or so.
Pretty much all that's left here is a lot of random babbling by people who mostly don't own the stock, who don't know what they are talking about, are trying to chase off investors, and quite frankly, are not doing a very good job.
No he hasn't.
You really don't have a clue what you are talking about do you? You are just making it up as you go.
Doomed company? LOLOLOLOLOL!!!!!!!
Hint: Read the Reuter's report.
That's an inaccurate, artificially created statement because you have no idea what they believe or not. You are not privy to their internal communications.
I believe you should ask the SEC those questions .. because they don't believe a word from spongy ..
The problem that you have is that SPNG is NOT a scam. They are a viable, healthy, multi-million dollar company.
The SEC are not the 'morons' here. They kicked over every rock they could looking into the company.
If the SEC doesn't find anything worthy of action, the DOJ won't touch it, because there is no case.
Your 'evidence' you are so proud of, is flawed garbage.
The SEC has determined that SPNG ISN'T a scam. That's why they are allowing it to trade.
As for the DOJ, if the SEC decides there's no cause for action, they won't do anything either, because there is no case.
However, take note: Attempting to maliciously destroy the stock price of a publicly traded company for personal gain, or helping in such acts, is a Federal felony and, at the very least, grounds for massive civil liability.
Now THAT is a scam........ LMAO!!!
The Rosen Law Firm has a filed a securities class action on behalf of all purchasers of SpongeTech stock during the period from April 15, 2008 through October 5, 2009.
You're missing the other option:
The entities exist, and they show that proof to the auditors and the SEC.
Sure, soon as I get back to my other computer sometime this weekend.
No, what I read specifically had to do with coming off of a suspension for an OTC or Pink Sheet stock.
Waiting to see if you can find them. Besides, I'm not on my main machine, and I don't feel like looking up the link again.
Yet, you won't share...
How odd.
Yet, you have access to Google, same as anyone else, but you can't seem to use it.
How odd.
If the appeal is granted and they are allowed to 'piggyback', it should be for whatever exchange they were on.
For example, if they were on the OTC, they will stay on the OTC but only if they are also in compliance with being a fully reporting stock.
This is a case by case basis, hence it's a hearing. There's no one size fits all answer for this.
Nope, you're wrong.
I believe
For me, it's not a belief, it's a fact. I've read the docs.
No, I'm right. Sorry about that
wrong. wrong. wromg.
Then how come you are willing to ignore the actual procedures that involves this?
The FACTS are that there is available and likely redress on this issue for the company.
Use Google. It's out there.
Just going by the facts in evidence, not fictional assumptions of doom that many are reveling in.
No, not necessarily, and odds are good it won't be on the greys.
The cookie cutter answers of doom that many are trying to shovel to scared longs don't work here because they aren't true.
I looks like you aren't 'getting it'. You are reading more into that than you should and making assumptions.
That was a clarity issue by the commission given as a reason for the suspension. All of those issues are simple to clear up with a 10K from a forensic accounting firm.
That DOESN'T mean they are the ones the investigators are after or do you even know what the investigation is actually about.
That's lot simpler than it sounds if it's merely a reinstatement for a suspension over simple issues of clarity and filing, AND you have a 10K hot off the press from a forensic accounting firm that does regular work for the FBI, AND you have a friendly MM.
You are wrong. The rules for resumption of trading after an SEC suspension for OTC and Pinks are governed by FINRA.
Furthermore, you are saying something that you have very little knowledge about
still under investigation with the SEC
Not only doesn't that technically matter on the issue of resumption of trading, but the only thing you have to go on is a press release stating the company and/or other persons, and a prior press release the same day from the same source saying that they are not in the wrong.
Investigation does NOT mean guilty, IF they are the target, which you simply don't know.
That's not necessarily the case.
AFTER SEC suspension is lifted they go to GREY
The way it works is this. If you get suspended from trading by the SEC for any reason, and you are a pink or OTC, FINRA kills your 211 on file after 4 days of non-trading. You then have to refile another 211, which is a relatively simple form that requires 3 signatures.
UNLESS you have an appeal hearing with FINRA (which the company has to pay for) within 5 days of the suspension. If the appeal is granted, and evidence is provided (in this compliance and transparency was the issue) then you are allowed to 'piggyback' on your currently filed 211, and you resume trading after the suspension is over on the exchange as a listed stock.
That's not correct.
it wil be the greys, there is NO exception to this rule.
The way it works is this. If you get suspended from trading by the SEC for any reason, and you are a pink or OTC, FINRA kills your 211 on file after 4 days of non-trading. You then have to refile another 211, which is a relatively simple form that requires 3 signatures.
UNLESS you have an appeal hearing with FINRA (which the company has to pay for) within 5 days of the suspension. If the appeal is granted, and evidence is provided (in this compliance and transparency was the issue) then you are allowed to 'piggyback' on your currently filed 211, and you resume trading after the suspension is over on the exchange as a listed stock.
We'll see. It takes a while sometimes for these things to update.
The way it works is this. If you get suspended from trading by the SEC for any reason, and you are a pink or OTC, FINRA kills your 211 on file after 4 days of non-trading.
UNLESS you have an appeal hearing with FINRA (which the company has to pay for) within 5 days of the suspension. If the appeal is granted, and evidence is provided (in this compliance and transparency was the issue) then you are allowed to 'piggyback' on your currently filed 211, and you resume trading after the suspension is over on the exchange as a listed stock.
SPNGE was relisted on the OTC at 12:52 after being automatically delisted at 9:30 because of the 4 day rule.
Also at 12:52, at the same time SPNGE relisted, they were scheduled to have a symbol change on Monday back to SPNG
Looks like the hearing went well.
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/09/2009&mkt_ctg=ALL
And if you look at that again, it has SPNGE listed on a more recent update as a security addition.
Nope. You even admit that's a just guess on your behalf
The investigation is the company and/or other persons. That's all the public knows. Not wise to read more into that than was stated, though many seem to have written fictional novels on it already.
As for the 10K, you might be surprised, you never know
What you are seeing is an automatic process with the OTC if you have been without a quote for more than 4 days. This is day 5.
When that happens, to get back on the exchange you either file a new 211, which for a company like Spongetech when it's in full compliance can happen rather quickly (5 days or less) or you can have a hearing with FINRA within 5 days of the suspension to allow a 'piggyback' on your existing 211, if that 211 was still valid at the time of the suspension. The results of a hearing may vary and may not take effect immediately.
Wrong Moskowitz. Do you have any idea how many people are named 'Moscowitz' in the US northeast?
The iBox is just a place to start. A quick reference. Check it against filings, etc. You'll find that the iBox is usually pretty accurate. But it should never be your one stop source of info.
When an ibox is full of fraudulent PRs and erroneous share counts, it is worse than useless..... message boards can be a place where facts can be presented and accurate info can be obtained if critical thought isn't constantly erased and mods control the flow only in postive direction.. all penny stock deserve a critical eye but its obvious paid touts control ihub.
Well, there's the iBox. That actually does have a lot of useful info in one spot.
Other than the iBox, the rest is what you see around you. Not much.
again by your sound logic this forum is useless then period according to you.
You're welcome. Glad that grenade I threw through your window last night missed. I guess my being drunk saved you and the duck.
Why on Earth would anyone believe a mod on a web forum for serious investment 'DD' based upon a rumor?
That's as crazy as basing one's investment strategy on what a bunch of paid bashers are saying.
then why even bother comming to the forum everything is tainted.you would expect a mod to at least mod the board not creat buyout rumors.or new product rumors or new pr rumors.
Well, Mr. Patch, that was one of the more stunning displays of arrogant hypocrisy I've seen in a while.
Why would any sane person invest in a stock based upon posts in a web forum in the first place? Each person is responsible for their own DD, their own decisions.
No one should listen to him to make a decision any more than they should to listen to the huge pile of stock manipulation BS you pedal. You had what? 73 posts on Sunday alone?
That is a great story Soapy but this is not a chit chat session but a place where people discuss spongeTech and make personal investment decisions based on the information they hear.
It is not your right as moderator to lie and deceive people to see if they will support your personal desires. As a Moderator you can not mange free speech. The fact that you lied to them as the moderator, and admit to it proves you are not qualified for the post.
many people have contacted me about the inside information/mis-information you have given them. Talking about filings being ready to re-assure them that they should stay in the market or upcoming events to convince them to buy. that is what a stock promoter does. They create personal alliances and convince people on a personal level that you are working with them.
Problem is, these people put THEIR Money into a market YOU convinced them to and now you admit you have lied to them all as a test. There is nothing worse that a friend you believe in that lies to you. More so when you told many people about upcoming events that happened. those people can use past history as evidence that what you say today is again - a lie.
I do not expect this post to last as it is clear only you can pontificate off toipic as you are the moderator.
Got it, thanks.
nilremerlin can I contact you via email?