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I needed a place to go for some time away from everyone so I came here
Options xpress allowed a sell order for me Zecco says its halted
Is 2 million high compared to what some say they have profited from this scam.
You seem to know alot, I will follow your advice
I'm with you
SPNG has over 17 bil shares issued.
They are being kicked out of Walmart cause they use too much yellow on their packages.
Their net sales per month are only 2,000 dollars.
They have committed many felonies, just watch someday they will be arrested.
And I know all this cause I'm special.
Thanks for reading.....THEMANFROMWAUSEON
its one sponge, not with the other stuff....be honest
Then again maybe Pike knows he owns over 20% and has a fly swatter
OA is this still true, one of your predictions?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43254545
I agree 100% but now the OS out votes the 100 to 1 shares, now control of the company can change and that could be a good thing...change in managment
So if someone like pike bought the shares from friends and family then the shareholders would have some say?
Are there still only 28 mil shares with 100 to 1 voting?
If so common shareholders now have a say...maybe I'm missing something I'm sure you will tell me what that is
I have read and reread your post about SPNG, only problem is it keeps comming off as opinion and not fact.
Great post!
Does the SEC have to bring all charges at once or if some are proven can they bring those forward at once and continue investigating the others?
Seems to me that some things, like non existing customers or forged opinion letters, could be proven in days or weeks not months.
Now you guys are getting me confused. If factoring is such a bad thing, 50% interest or more, and SPNG is a total scam.....why did they tell us about it? Seems to me scams would not ever tell shareholders that they are doing something bad.
Hired a foreman, well I am a foreman at a factory in Ohio and I am alot different than a plant manager. Did you change the words plant manager to foreman for some type of effect. Because the only effect I got was someone spinning facts to make things worse than they are.
Didn't RME write the check to GFGU, not SPNG
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40063982
And now that it is you say, change the topic
Add Wauseon, OH 43567
Spongebob in Wauseon.Ohio walmart, area code 43567.
Google map it, surrounded by cornfields in all directions.
If its here its gotta be almost everywhere.
PS Its at 5 registers and is selling.
nothing happened with share price when the whole sponge line went walmart a few months back
You really appear to know what your talking about....not
Do you hate SPNG as a stock or just sponges in general?
Didn't say I used it, and did say it was a coincidence for me.
I just thought with all the bashing I could make that post and it would be 100% fact.
Would agree 100% not to use americanbulls.com as a reason to buy or sell, didn't use it for my buy or sell, but clicked on it out just to see what was on it tonite. also the daily shows sell/if.
Just havin fun but thanks for the advice, good advice
This may not mean much to others but quite a coincidence for me:
Bought SPNG in may 2009, in may 2009 americanbulls said buy confirmed.
Sold some in june 2009 and now have free shares, americanbulls said sell confirmed in june 2009.
May buy more cause....
http://www.americanbulls.com/weekly/StockPage.asp?CompanyTicker=SPNG&MarketTicker=OTC&Typ=S
Pike has lost big before and right now he is proving he hasn't learned a thing from any of it.
Everyone has gone wrong on a stock in the past.
But has Pike ever invested in a grey market, investigated by the SEC, bounced checks and wells notice company in the past?
If not then this is new, and he knows more than you and I
Puppydotcom
Do you think insider trading never happens and if it does it results in a felony?
Seems to me you are saying that it is impossible for Pike to know more than you and I cause he would be convicted of a felony..........you may be correct but I think it happens all the time without being caught.
Mellissa O’Brien, responded late Monday that while SpongeTech has been a vendor in the past
Whats that about TT, SPNG has been a vendor in the past?
You need to read my post you quoted. I said involved in the trading of SPNG not making a market.
Of course you know what I posted why twist it
Quote
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there is no MM making a market for spng .. this is the grey market ..
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Not the grey market so many have warned us about....volume drying up, pps going sub penny, matched trades only.
Are you saying that no MM's are involved in the trading of SPNG?
Yes or no?
100% scam would mean 0% product, got to walmart and then adjust the 100% figure.
Not saying there are not problems but 100% scam is not credible.
I bought at 0.022 less than a year ago, not sure how i'm down 80%
One CVS store I monitored only sold one sponge in two weeks.
How many stores selling SPNG products do you "MONITOR"
I love it...the sponge police
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why do you think Pike bought 40 million shares after the suspension?
because soon after his buying spreeeee .. the PPS started tanking
and today trades between .025 to .0275 average
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You said to average down to lessen his loss, still makes no sense but thanks for your input
Understand your point completely, just can't fit Pike into the small investor reading and posting on ihub catagory.
Thanks for the reply.
Just trying to understand Pike's motive, you gave one and it didn't make sense to me.
I guess you could be right, but if Pike thought the pps would go above 0.10 then why?
All the good news, no red flags....no nothing good, nothing to expect a pps increase.
Good or bad for SPNG there is something else going on, not just averaging down to lessen loss.
Also I wouldn't recommend this stock to anyone now, nor would I average down now....to many red flags.
PS Sorta lied there, all free shares so I can't average down
I have only been doing this for a year so you know alot more than me but I thought you averaged down to increase your profit, not lessen a loss.
Why would you average down if you expect a loss, I am asking you this because I'm new to this and it makes no sense to me to average down if you expect a loss, and in Pike's case the pps would have had to go above 0.10 to just break even.
Do you think Pike thought the pps would go above 0.10 after the wells notice. If he did you are correct he is a stuck.
I got it thanks.
He would buy more at 0.04 to 0.05 so he could average down to 0.10 then while on the greys he would wait for the pps to go to..........wait what would the pps have to go to to lessen his loss?
I must be smarter than Pike, or better equipped, he should buy a calculator.
Pike was just trying to average down to lessen his loss if he decides to bail
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46643565
If I bought $1000 of SPNG at 0.04 how can I lessen my loss by buying another $500 at 0.025?
Seems to me I would lose $1500 instead of $1000.
Please help me as I own other stocks that I can now purchase for less, average down, but can't figure out how I can lessen my loss by doing so.
Will understand if you keep this a secret cause if you figured it out you will be very rich.
TIA
Boy o boy are you fast.
You checked em all?
Call me, hope not lol
You made a public post here and I had a problem with its accuracy.
Never said or implied that you need permission.
Your post quoted someone saying spng has no new orders to walmart
But also said spng has been a vendor in the past in walmart
Please be honest which part was of interest to you?
And if the first one interests you why ignore the second