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No, I’m in here because I sent some PM’s containing information I assumed was private, but some how violated TOS? If no one turned me in, how did IHUB know? I thought they don’t read PM’s?
Wait, can I not post about the reason i'm in here?
Yes, but in a totally different way.
LYSOL SPNG IS A DONE DEAL, PROOF!!!!!!!!!!
First I want to ask that when your done reading you send this to at least 2 reporters or news outlets. Lets get some attention and some buying action friday. It'll take you less than a minute to do a google search and find a couple email addresses. Please
Next, to the non belivers,
Yes, Spongetech bought Dicon from HH Brown.
Yes Dicon manufactures these sponges.
Reckitt Benchkiser owns Lysol.
So you want to say that SPNG doesn’t “own the patents”, HH brown does. Well even if that is the case, what does it matter when SPNG owns Dicon, who is doing all the production?????
DONE!
Yeah, pretty clear it’s a done deal, read below, (TAKE FROM PATENT).
“HYDROPHILIC POLYURETHANE FOAM ARTICLES COMPRISING AN ANTIMICROBIAL COMPOUND”
[0144] An additional sequence of 7 tap water rinses/ squeezes was performed. After the 10th daily rinse/squeezes was performed, the liquid from the test sponge was eluted onto the inoculated surface of Plate 2; this inoculated plate was not thereafter wiped.
[0010] In another aspect of the present invention there is provided a cleaning article comprising a foamed polyurethane composition which exhibits an antimicrobial benefit, such as a sponge, sheet, tape or ribbon, block or other molded, extruded or cast article which cleaning articles exhibit an antimicrobial benefit.
Take a look at this picture, does it not look like they are going to do something like this. Where they have these sponge heads, that are antibacterial and also contain soap? When your out of soap, you toss them? This could even be applied to something like a toilet brush.
look at picture on PG2
http://www.google.com/patents?id=boDLAAAAEBAJ&printsec=claims&zoom=4#
Sponge heads?
http://cutleryandcompany.com/Oxo-Good-Grips-Soap-Squirting-Dish/M/B0009J4Y9K.htm
for this?
http://cutleryandcompany.com/Oxo-Good-Grips-Soap-Squirting-Dish/M/B0009J4Y9A.htm?traffic_src=froogle&utm_medium=organic&utm_source=froogle
This is all of course in addition to just a regular kitchen sponge.
Link to Patent.
http://www.google.com/patents?id=boDLAAAAEBAJ&pg=PA2&dq=hh+brown+shoe&source=gbs_selected_pages&cad=2#v=onepage&q=hh%20brown%20shoe&f=false
How is it, people can call this company a scam, when we are in walmart, have deals with viacom, marvel, and now lysol??????? Give me a break!!!!!
I can't wait to see shorty lose it all!!!!!!!!!!!!!!
Yes, I'd like to get into day trading this Enzyme, looks like some serious $$$$$ can be made swing trading this bad boy. Thanks.
LOL
.
.
.
Thats a pretty cool work station you got there. Do you trade on all those platforms?
TIA
WRONG! Got my Dora the Explorer sponge today, so I think its a safe bet that the Marvel sponges are coming soon!!!!!
there are no Dora or Go Diego sponges and they PRed those, so you think they will make a marvel sponge anytime soon LOL ok
Frankfurt High of day! The criminal enterprise better cool off on the shorting today and allow the price to trade above six cents, and close above six cents or there is going to be some major problems for shorty's minions.
ya, i just wont say something about this one. Let it look good.
http://finance.yahoo.com/q?s=2668171.SG
WOW, LOOK AT ALL THIS PRODUCT BEING SOLD!!!!
Once the 5’s are gone we should be off to the races. The shorts can’t even keep Europe SPNG DOWN!!! Sith Lord is weak, vulnerable. Boy would I LOVE to see Pike lift all that’s offered at 5 cents and watch these crooks squirm!
Check out Dicon Pacfic/Taikone, and look at their products. Now notice how many different websites they are being sold on in China. Boy the licensing fees must really be really flowing in!!!!! Boooyaaaaa!!!!! GO SPNG!!!!!!!!!!!!!!!
http://www.taikone.com/e_product.asp
Retailers:
http://www.ctoy.com.cn/info/detail/8-7756.html
http://item.taobao.com/auction/item_detail-0db1-432fb9be002ec25a2b64dd47694c0336.jhtml?is_b=1
http://www.redbaby.com.cn/Product/ProductInfo_01_1126376.htm
http://detail.china.alibaba.com/buyer/offerdetail/597273614.html
http://www.61cnkids.com/Mall/mall.asp?Pid=10137
http://www.cooclick.com/proinfo/6d0971e96abff3d686355b3d148ae42a_q270776158.html
JFY Pariis must be part of the company, as its written on all the products and has a link from Taikone.
http://www.jfypariis.com/products.asp?id=490
...........Positive Signs!!!!!...............
We had the highest close in 3 months today, 5 cents.
The VWAP has been increasing almost every day for 2 weeks.
We’ve rallied 100% off the lows in feb.
Short volume has been increasing, yet failing to stop our advance, an extremely powerful sign.
Pike has increased its holdings by another 20 million shares.
It seems pretty obvious that we have secured a deal with Lysol. (YES OBVIOUS!!!! READ AND WEEP KIDS)
spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/
Spongetech added a tab on their website called “financials”. Something close perhaps????
It always makes me laugh when people talk about pushing SM out. Like really laugh, its even more hilarious than when people say that MGMT should issue shares at 3 cents to the shorts so they can cover the short position.
You do realize its his company don’t you? Aside from him having the shares that carry voting rights, and the fact he built this company, you don’t even own real shares. You own counterfeit shares. If you want to complain, why don’t you start with the DTC, FINRA, and the SEC, for allowing you to be sold fake shares.
Did you neglect to notice that within a years time, we signed a deal with Viacom, marvel, Walmart, and retired the majority of outstanding shares? Yes, from 1.2B billion, to the current between 206-500, pick a number.
I’m not happy about the time frame either, but the fact is, its the regulatory bodies and the naked shorting hedge funds you should be blaming. If it wasn’t for an infinite amount of counterfeit shares being offered, we would be no where near these levels.
All the real shares are owned by insiders, face it.
If you can’t justify being long given the positive signs I posted in my last post, then liquidate your holdings, please. That would be the responsible and mature thing to do, rather than blasting MGMT on here and via email.
...........Positive Signs!!!!!...............
We had the highest close in 3 months today, 5 cents.
The VWAP has been increasing almost every day for 2 weeks.
We’ve rallied 100% off the lows in feb.
Short volume has been increasing, yet failing to stop our advance, an extremely powerful sign.
Pike has increased its holdings by another 20 million shares.
It seems pretty obvious that we have secured a deal with Lysol. (YES OBVIOUS!!!! READ AND WEEP KIDS)
http://spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/
Spongetech added a tab on their website called “financials”. Something close perhaps????
How many people have either called FINRA or the SEC trying to call attention to the increasing of the short position? How many people have contacted at least 1 media outlet in an attempt to get them to cover the story? If one has done neither, and continues to be discontent with the current situation despite the positive signs, I encourage them to sell and move on to green pastures.
People need to realize, we provide nothing for the company, we are getting a free ride on their train. We are not providing capital for the company when we buy shares, the shares we bought are airshares, counterfeit, the money goes to the thieves who are selling airshares, not the company. I’m sure nothing would make MGMT happier than all those nagging them, to dump and move on.
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=1&mn=0&dy=0&id=p06664801923
http://spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/
http://www.sponget.com/v/vspfiles/press.asp
You guys are so clever. This will all go away as soon as shorty doesn't have the funds to dig stuff like this up.
And it doesn't suprise me, you miss the bigger picture.
Vanity Events Holding, Inc. Announces Launch of New Product -- "The Bible Scents"
Wonder whos going to produce the scent.....hmmmmmmm...is pike the clue to this?????
1yr Fair Value Calculation $8.15!!! Risk $500 to make $100,000, no joke.
With the Lysol, marvel, and Viacom deal, I think its fair to say we can go from doing 25M a month, to doing $35. Remember, I think we did over 30M in sales in mid summer, so that’s only a 5M increase. Reasonable.
$35 Million a month
x
12 Months
x
20 % profit margin
x
20 PE RATIO
=
$1.680 Billion Fair Value Market Cap 1yr out
Now, we divide that by the numbers we get from SPNGDD, which you can get from going through the buyback programs, and looking at RME’s before and after.
We get 206M shares.
1.680B
/
206M
=
$8.15 Fair Value Market Cap!!!!!!!!!
Now you can either be a believer in the company, or not, you have to ultimately choose. But I have my money where my mouth is, and believe the numbers are good. If you want to buy into the flip side, where the companies a fraud, and the outstanding share base is far higher than what they claim, then that’s your decision.
But remember this. Within a year,
We signed a deal with Viacom
Signed a deal with marvel
Are now being carried in walmart, and 3 of the top 5 biggest us retailers
And perhaps have a deal with lysol
And much more,
So here, you risk 4 cents buying here, looking to make $8, not including the squeeze prices. Shorty is going to pay for all the counterfeit shares he sold. So you put $500 in, it either goes to zero, or in my opinion will be worth exactly $100,000 when we trade $8.
See you guys at $18, remember the number, I’ve said it before.
SPNGDD.com
http://spngdd.com/2010/01/19/estimate-outstanding-shares-float/
If only the Regs, could take out a calculator and take 8.15 X phantom/airshares/counterfeit shares the hedge funds illegally sold, maybe they would get serious, and stop letting shorty add at 4 cents while he keeps trying to put off what hes got coming
SpongeTech/Lysol Kitchen Sponge in the Works? SPNGDD.com
Wonder how many shares the Hedge Funds are going to have to short today to keep the price down? They just keep adding and adding to the billion dollar liability, meanwhile the regulators do nothing about it. After a day when 80% of volume was short volume, is it not incredibly obvious the Hedge Funds through the broker dealers and Market Makers, are offering an infinite amount of counterfeit shares at 4 cents to stop the price rise? Yes, all those phantom shares will have to be bought back when the shorts are forced to cover.
Boy I can’t wait till this puppy blows.
Check out the new SPNGDD update,
http://spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/
80% SHORT VOLUME TODAY, NEW ALL TIME HIGH!!!!THE HEDGE FUNDS ADD MORE SHORTS TO THE POSTION!!!, THE REGS DO NOTHING TO STOP THE GROWING LIABILITY!!!! THE HEDGE FUNDS CAN'T COVER THE FUTURE LOSSES!!!! Short Volume Findings:
New All time high of short volume to total volume for good old Spongetech, 79.6% of volume traded today was shorting. I’d like to take a second and thank Cameron Funkhouser over at FINRA, for doing a great job with ignoring this.
79.6% in ratio of (SHORT VOLUME/TOTAL VOLUME).
Maybe the right people didn’t see my email about the dirty broker dealer. Maybe it’s the investors in the fund that would care.
SPNG|5998006|7530538|O
Okay, I have Oct 19-today all in a spread sheet now, my eyes hurt. I imported that into my charting software, and am looking at it several different ways. Total volume, Short volume, then a ratio of short/total. I think the thing that stands out the most, would have to be yesterdays trade.
A total of 19M shorted, which is the second highest amount of shorting since we resumed trading. However, there were 5 days that best the Total amount of volume that traded yesterday. Looks like someone wanted to buy yesterday, and someone had to short quite a large amount to keep the price from rising.
Also, we haven’t had a day where the ratio of shorting to volume is greater than 70%, however several days where it was just below that. Seems like shorty could watch that very closely, as breaching it might raise some red flags to the regs.
Most interesting!!!!!!!!!!!!!!!!
I’m seeing that of the 4 months we’ve been trading, the amount of days in which the ratio of (short volume / total volume) got above 50 percent, total 13 days.
Of the 13 Days
Oct19-Jan 6 (55 trading days): Only 2 times.
Jan 7- Feb 19 (30 trading days): 11 TIMES!!!
Two highest months
4 days in Jan where the ratio traded above 50%
7 days in Feb, and we still have another week of trading!!!!
So it looks like shorty is having to short more and more to keep the price from rising, which is exactly what some people have been saying.
So basically by the SEC and FINRA ignoring the problem which is obvious, they’ve allowed Mr Shorty to add to his position, making the eventual blow up, that much worse
WOW.
regsho.finra.org/regsho-March.html
03/01/10 79.6
02/26/10 43.6
02/25/10 76.5
02/24/10 59.8
02/23/10 63.9
02/22/10 24.4
02/19/10 56.1
02/18/10 62.8
02/17/10 60.1
02/16/10 39.8
02/12/10 66.5
02/11/10 16.7
02/10/10 14.5
02/09/10 46.7
02/08/10 65.5
02/05/10 68.0
02/04/10 27.8
02/03/10 53.6
02/02/10 36.8
02/01/10 29.9
01/29/10 29.2
01/28/10 38.8
01/27/10 30.0
01/26/10 67.2
01/25/10 22.5
01/22/10 22.5
01/21/10 29.7
01/20/10 44.7
01/19/10 33.8
01/15/10 31.4
01/14/10 45.6
01/13/10 69.2
01/12/10 63.5
01/11/10 47.0
01/08/10 37.9
01/07/10 52.2
01/06/10 39.4
01/05/10 35.2
01/04/10 42.7
12/31/09 22.8
12/30/09 19.8
12/29/09 22.8
12/28/09 36.2
12/24/09 45.3
12/23/09 31.1
12/22/09 46.1
12/21/09 46.8
12/18/09 25.7
12/17/09 47.5
12/16/09 37.3
12/15/09 44.6
12/14/09 42.2
12/11/09 29.4
12/10/09 44.0
12/09/09 36.4
12/08/09 39.8
12/07/09 47.1
12/04/09 28.2
12/03/09 34.4
12/02/09 33.4
12/01/09 26.7
11/30/09 37.5
11/27/09 50.0
11/25/09 41.7
11/24/09 24.9
11/23/09 46.0
11/20/09 40.2
11/19/09 36.3
11/18/09 37.8
11/17/09 28.8
11/16/09 18.6
11/13/09 63.5
11/12/09 33.6
11/11/09 23.2
11/10/09 48.8
11/09/09 45.4
11/06/09 41.1
11/05/09 33.2
11/04/09 27.2
11/03/09 50.0
11/02/09 41.4
10/30/09 38.8
10/29/09 47.7
10/28/09 43.3
10/27/09 59.3
10/26/09 13.7
10/23/09 14.4
10/22/09 19.8
10/21/09 19.3
10/20/09 13.0
10/19/09 6.7
10/02/09 43.0
10/01/09 36.0
09/30/09 45.6
09/29/09 31.1
09/28/09 27.6
09/25/09 25.6
09/24/09 26.2
09/23/09 22.6
09/22/09 27.6
09/21/09 25.2
09/18/09 31.9
09/17/09 29.1
09/16/09 33.5
09/15/09 35.3
09/14/09 34.9
09/11/09 29.8
09/10/09 33.3
09/09/09 27.8
09/08/09 24.5
09/04/09 26.2
09/03/09 21.2
09/02/09 28.0
09/01/09 22.2
08/31/09 23.5
08/28/09 30.5
08/27/09 32.5
08/26/09 27.0
08/25/09 27.7
08/24/09 34.9
08/21/09 29.6
08/20/09 32.6
08/19/09 36.3
08/18/09 27.6
08/17/09 35.6
08/14/09 23.5
08/13/09 36.9
08/12/09 18.1
08/11/09 36.8
08/10/09 32.4
08/07/09 22.7
08/06/09 36.7
08/05/09 32.3
08/04/09 26.0
08/03/09 29.1
Perhaps. Sending letters I don’t think is going to hurt. Including any regulatories, press, or anyone who could help the cause. We need to stop the atrocities being committed against Spongetech.
3 LETTERS I SENT No response. Am I on to something?????????:
The criminal enterprise operates behind smoke and mirrors, I think if we can find those involved, exposing them could prove very effective in getting the shorting to stop.
After reading into that SPNG vs Cresta Capital Lawsuits I came across this guy scumbag Avi, who’s had quite a roll at GunnAllen, a notoriously dirty broker dealer located down in tampa.
Mingy
Read the 3 emails below.
-----Original Message-----
From: mingy88@aol.com
To: tmelillo@fwg.com; rcreaser@fwg.com; ccartier@fwg.com; eshearin@fwg.com; rtorgerson@fwg.com; information@progressiveassetmanagement.com; pamboston@fwg.com; pkirshman@fwg.com; hmasover@fwg.com; svalentine@fwg.com; kjacobs@fwg.com; gmatthews@fwg.com; nstallings@fwg.com; cmueller@fwg.com; epacker@fwg.com; HBrownlie@FWG.com; jernst@fwg.com; kstrohoffer@fwg.com; dclifford@fwg.com; mlent@fwg.com; dmeucci@fwg.com
Cc: bkelly@crain.com
Sent: Sun, Feb 28, 2010 6:43 pm
Subject: URGENT MATTER: Possible GunnAllen Financial liabilities.
URGENT MATTER: Possible GunnAllen Financial liabilities.
Dear PAM,
I wanted to bring attention, and ask a few questions about your recent acquiring of GunnAllen Financial.
I’ve been doing some research, and as you’ll see in the two emails I’m forwarding below, have reason to believe GunnAllen, could be engaged in illegal activity with a criminal enterprise that are concealing liabilities for which aggregate estimates of losses exceed $5 billion dollars.
I wish to ask if you know anything about GunnAllen doing any shorting of stock in a company called Spongetech, SPNG, either prior to the acquisition with PAM, or currently? Shorting has increased in the past 30 days to an alarming level, and like I mentioned, liabilities are estimated to exceed $5 billion dollars.
I intend to forward my findings and suspicions to the SEC, FBI, DOJ, IRS, and several reporters for which I have contact with. I would greatly appreciate immediate attention to this matter, and ask if shorting is being conducted through GunnAllen, it cease and desist immediately. The entity may also be using Knight Capital Group for its shorting, and if GunnAllen is conducting SPNG trades through Knight Capital Group, that could be an important clue.
I would like to disclose I do not represent the company Spongetech, however am a small shareholder.
Thank you for taking the time to read my letter.
(Please see below)
-----Original Message-----
From: mingy88@aol.com
To: roettinger@gunnallen.com; fnargentino@gunnallen.com; jsegedin@gunnallen.com; matthew.meehan@gunnallen.com; cgoslin@gunnallen.com; heid@gunnallen.com; jkamphuis@gunnallen.com; dmorrone@ 18 more names...
Sent: Sun, Feb 28, 2010 5:45 pm
Subject: Urgent Matter of Abraham (Avi) Mirman
Urgent Matter of Abraham (Avi) Mirman:
I write about an urgent matter that involves billions of dollars in hidden liabilities through short positions in a stock in which I suspect either Cresta Capital, or GunnAllen could be involved with. I emailed Cresta Capital about this matter, and have yet to receive a response. After visiting Cresta’s website today, I noticed that they had removed the page containing Avi’s bio, which connects him to GunnAllen. I find this last point, very, very interesting as it was within 12 hours of my email inquiry.
I wanted to ask if you had comment about whether GunnAllen, either on its own, or for Cresta Capital, has engaged in shorting, or naked shorting, of a company called Spongetech? Within the last 30 trading days, shorting has greatly been increased, and I would greatly appreciate if you could shed light on whether or not GunnAllen has any relationship to the criminal enterprise involved in the illegal shorting of Spongetech stock, SPNG? This potential liability in my opinion has already breached the 5 billion dollar mark.
I am below forwarding you an email I had written Abraham (Avi) Mirman, in which I have yet to receive a response. I will also post a cached link to Ari’s Bio, which is now removed to the site, as well as a link to broker check. The Finra brokercheck link also discloses Avi’s relationship with GunnAllen.
Thank you for taking the time to read this letter, and I trust that this well receive the utmost attention.
Thank you.
Cache of Cresta Capital,
http://74.125.95.132/search?q=cache:4wqYy9KjliwJ:crestacap.com/bank.html+gunnallen+avi&cd=1&hl=en&ct=clnk&gl=us
FINRA Broker Check,
http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/index.htm
(SEE BELOW)
-----Original Message-----
From: mingy88@aol.com
To: Avi@crestacap.com
Cc: Jon@crestacap.com; MMirman@crestacap.com; Chris@crestacap.com; Eric@crestacap.com; norm@crestacap.com; josh@crestacap.com; mark@crestacap.com; tampa.division@ic.fbi.gov; ny1@ic.fbi.gov; enforcement@sec.gov; gmatsumoto@bloomberg.net
Sent: Sat, Feb 27, 2010 6:26 pm
Subject: Avi Mirman Shorting SPNG?
Mr. Mirman,
I looked a bit deeper into the Spongetech lawsuit against Cresta Capital, and that’s when I decided to research your firm, and eventually came across your name. I looked you up on FINRA brokercheck, and it seems like your integrity and ethics are on par with the type of people I believe are naked shorting Spongetech. I was wondering if you were involved in the criminal enterprise that is naked shorting SPNG?
I noticed there is quite a bit of crossover between you, and Gunnallen. I also noticed that they were looking to sell Gunnallen to California’s Progressive Asset Management, ironically a “socially conscious” investing firm. Was your association with GunnAllen, past and present, and your shady past disclosed to the buyer of GunAllen? If there is a relationship between you and the criminal enterprise naked shorting Spongetech, was that also disclosed to the buyer of GunnAllen?
I appreciate you taking the time to read my email, and hope you can help answer my questions.
Thank you.
Mingy,
Not a single response to this, very telling. Things like that are just what it takes me to get a little curious on the matter and do some poking around. Was just digging into Mirman’s background and his relationship with GunnAllen, a brokerdealer notorious for unethical behavior. Just got finished sending some emails to a few companies, we’ll see if there is more to this. Lets hope this could be one of Shorty’s tools he uses to continue to add to his short positon in Spongetech, because I can assure you, quite a bit of people are now aware of the situation. At several different entities i might add.
Patchman, I'll find some time later to respond to your post in entirety, but just wanted to ask one quick question.
I noticed you left out the lawsuit between SPNG and Cresta Capital, any reason? I was looking at the website of Cresta Capital and then ran some FINRA broker checks on some of the people associated with that firm. The Chairman had an alarming number of violations which really call into question integrity and ethics. Integrity and ethics that would seem right on par with the type of people associated with the naked shorting criminal enterprise.
Ah, anyhooo, just figured I’d ask why you neglected to mention this specific lawsuit.
Thank you.
Cresta Capitals website:
http://74.125.95.132/search?q=cache:4wqYy9KjliwJ:crestacap.com/bank.html+crestacap.com+avi&cd=1&hl=en&ct=clnk&gl=us
And the reasons they gave you?
Wait a minute, what do you mean they took away your stock? Your saying that your broker took the stock out of your account?
Thanks Fourkids, I’m putting 110% into trying to figure this out. If this is true, I’m going to blast emails all night and into tomorrow, following up with phone calls too. I actually grew up in the town where a pretty big head a that insurance company lives, getting his attention to this matter should prove simple.
This could be exactly what Knight Capital Group doesn’t need right now, and hopefully could severally impact its operations on the OTCBB.
Attention: PLEASE READ AIG.
Is there anywhere I can see the outstanding polices AIG has? I’m interested in a company I was told has a AIG insurance policy who I think is hiding billions in liabilities. Any suggestions would be of great help, thank you.
Mingy
PLEASE HELP!!!! KNIGHT INSURANCE POLICY:
I’m looking for any information about what insurance policies Knight Capital may have. I was told they have a policy with AIG, but can’t seem to confirm it. Any type of corporate insurance. I have some information any insurer of Knight, and possible debt holders might be very interested in.
Fourkids, someone had suggested to me that Knight has a insurance policy with AIG. I’m not sure what the insurance policy would be for, and would be surprised if it would cover a massive blow up, however I could be wrong. Do you know anything about this?
I was thinking if Knight does have an insurance policy with AIG, then perhaps blasting about 50 emails to different emails at AIG could do some good to bring attention to the naked shorting Knight is involved with.
Furthermore, since AIG is now backed by the government, I think the treasury department should be involved. If Knight has a massive blow up, and tax payers are ultimately on the hook, could be quite interesting.
I'm sick of the fraud, and I'm going to get more and more aggressive the next week in bringing attention to it, and calling out those ignoring it. Also alerting those who might suffer from the final explosion and just don't know it yet.
Sorry Patchman, not even close to the average. You neglected to mention that Thursday saw a short volume to total volume ratio of over 75%. Also neglecting mention of how many days in the last month where the ratio of short volume to total volume was in excess of 50%.
In the last 17 trading days, 10 of those 17 days have had a ratio in excess of 50%, meaning that the shorts are shorting more than half the traded volume. Also interesting is the distribution of the data.
Out of the last 134 trading days, there have been 17 days where that ratio has exceeded 50%. Funny, 14 of those 17 days all fall within the last 35 trading days. That shows that this stock is being heavily accumulated, and the naked shorts are having to increasing short more to fight its price rise. Notice Pike bought another 20 million shares this week? Tack up another 40-100 million dollars in liabilities for the criminal enterprise.
Either the regulators are going to get involved and tell shorty he can’t add to his growing liability, or the liability is going to continue to grow up until the point SPNG files their 10k. The regulators failure to act, is directly responsible for the fact that hundreds of millions, perhaps even a billion dollars worth of new liabilities which the Naked Shorting hedge funds do not have enough to cover. So the BD’s, MM’s and perhaps even their insurance company which is government backed now, will be picking up the tab. For this reason, I feel it important to ask you contact the treasury department about this fraud, thank you.
I have been writing countless emails and making call after call to try to expose just what is happening here, and how that each day in which the regulators fail to stop shorty from adding to his position, the blow up gets that much worse.
Heres the data if you care to look
Ratio
(SHORT VOLUME/ TOTAL VOLUME)
02/26/10 43.6
02/25/10 76.5
02/24/10 59.8
02/23/10 63.9
02/22/10 24.4
02/19/10 56.1
02/18/10 62.8
02/17/10 60.1
02/16/10 39.8
02/12/10 66.5
02/11/10 16.7
02/10/10 14.5
02/09/10 46.7
02/08/10 65.5
02/05/10 68.0
02/04/10 27.8
02/03/10 53.6
02/02/10 36.8
02/01/10 29.9
01/29/10 29.2
01/28/10 38.8
01/27/10 30.0
01/26/10 67.2
01/25/10 22.5
01/22/10 22.5
01/21/10 29.7
01/20/10 44.7
01/19/10 33.8
01/15/10 31.4
01/14/10 45.6
01/13/10 69.2
01/12/10 63.5
01/11/10 47.0
01/08/10 37.9
01/07/10 52.2
01/06/10 39.4
01/05/10 35.2
01/04/10 42.7
12/31/09 22.8
12/30/09 19.8
12/29/09 22.8
12/28/09 36.2
12/24/09 45.3
12/23/09 31.1
12/22/09 46.1
12/21/09 46.8
12/18/09 25.7
12/17/09 47.5
12/16/09 37.3
12/15/09 44.6
12/14/09 42.2
12/11/09 29.4
12/10/09 44.0
12/09/09 36.4
12/08/09 39.8
12/07/09 47.1
12/04/09 28.2
12/03/09 34.4
12/02/09 33.4
12/01/09 26.7
11/30/09 37.5
11/27/09 50.0
11/25/09 41.7
11/24/09 24.9
11/23/09 46.0
11/20/09 40.2
11/19/09 36.3
11/18/09 37.8
11/17/09 28.8
11/16/09 18.6
11/13/09 63.5
11/12/09 33.6
11/11/09 23.2
11/10/09 48.8
11/09/09 45.4
11/06/09 41.1
11/05/09 33.2
11/04/09 27.2
11/03/09 50.0
11/02/09 41.4
10/30/09 38.8
10/29/09 47.7
10/28/09 43.3
10/27/09 59.3
10/26/09 13.7
10/23/09 14.4
10/22/09 19.8
10/21/09 19.3
10/20/09 13.0
10/19/09 6.7
10/02/09 43.0
10/01/09 36.0
09/30/09 45.6
09/29/09 31.1
09/28/09 27.6
09/25/09 25.6
09/24/09 26.2
09/23/09 22.6
09/22/09 27.6
09/21/09 25.2
09/18/09 31.9
09/17/09 29.1
09/16/09 33.5
09/15/09 35.3
09/14/09 34.9
09/11/09 29.8
09/10/09 33.3
09/09/09 27.8
09/08/09 24.5
09/04/09 26.2
09/03/09 21.2
09/02/09 28.0
09/01/09 22.2
08/31/09 23.5
08/28/09 30.5
08/27/09 32.5
08/26/09 27.0
08/25/09 27.7
08/24/09 34.9
08/21/09 29.6
08/20/09 32.6
08/19/09 36.3
08/18/09 27.6
08/17/09 35.6
08/14/09 23.5
08/13/09 36.9
08/12/09 18.1
08/11/09 36.8
08/10/09 32.4
08/07/09 22.7
08/06/09 36.7
08/05/09 32.3
08/04/09 26.0
08/03/09 29.1
PIKE GONNA USE ITS $28 MIL IN FRESH CAPITAL TO KEEP BUYING SPNG?
Looks like pike just sold 1,250,000 million shares of another company for around $23 mid feb. That’s 29 million dollars in free capital it now has. Not long after that sale, it start buying SPNG, adding what, 22 million shares in the last week? That’s less than $1,000,000.
$28,000,000 left that pikes going to use to buy Spongetech shares?????
YA BABY!!!!
thanks idsupermoney.
Hows the convertible debt scam coming along in TPHM? Insiders steal your money yet?
SCAM ALERT, TPHM PLEASE READ,
What is going on here is nothing more than a scam. First I want to point out that Thomas Pharmaceuticals used to be owned by Ivoice. So why does Thomas borrow so much money from Ivoice you ask? Well its simple, IVOICE converts the debt issued to it by Thomas, into common stock, and then dumps it on the market. This is nothing more than a scam, avoid this like the plague. These are just some of the many red flags of fraud and deception by the company.
From 10Q,
iVoice may, at its discretion, convert the outstanding principal and accrued interest, in whole or in part, into a number of shares of Thomas Pharmaceuticals Class A Common Stock at the price per share equal to eighty percent (80%) of the lowest closing bid price of the Common Stock for the five (5) trading days immediately preceding the conversion date.
From 10Q, history of debt issued to ivoice, from Thomas.
On January 6, 2006 the Company issued to iVoice a $360,000 secured convertible debenture due on January 1, 2013 bearing interest of 10%, compounded quarterly. During the nine months ended September 30, 2009, the Company issued 54,000,000 shares of Class A common stock as repayment of principal of $4,320. As of September 30, 2009 the remaining principal balance of the convertible debenture was $343,312 plus $158,774 of accrued interest.
On January 6, 2006 the Company issued to iVoice a $100,000 administrative service convertible debenture due on January 1, 2013 bearing interest of 10%, compounded quarterly. This debenture is issued in lieu of payments on the Administrative Services Agreement of the same date. As of September 30, 2009 the remaining principal balance of the convertible debenture was $100,000 plus $44,594 of accrued interest.
On April 27, 2006 the Company issued to iVoice a $225,000 secured convertible debenture due on January 1, 2013 bearing interest of 10%, compounded quarterly. As of September 30, 2009 the remaining principal balance of the convertible debenture was $225,000 plus $90,725 of accrued interest.
On February 7, 2007, the Company issued to iVoice a $25,000 secured convertible debenture due on February 6, 2014 bearing interest of 10%, compounded quarterly. As of September 30, 2009 the remaining principal balance of the convertible debenture was $25,000 plus $7,452 of accrued interest.
www.sec.gov/Archives/edgar/data/1391428/000118518509001213/thomaspharma10q093009.htm
SCAM;
Well I didn't call the exact top, was only a day early. But yea, this ones a scam. All you that got caught up in buying thinking this was going to the moon, no doubt were fooled by the insiders dumping on you.
CCTC SCAM ALERT!!!, This run is nothing more than the insiders manipulating the stock higher so they can unload shares on retail investors thinking this is going to the moon IMO. Read in the 10Q,
Quoted from the 10Q.
We have experienced large net losses, have little liquidity and need to obtain funds for operations or we may not be able to continue.
We have a net loss of $148,458,165 since inception. The net losses to date include large non-cash expenses recorded for share-based compensation for consultants and officer compensation.
THEY DON'T SAY???? LOOK AT ALL THIS DILUTION!!!! Notice the CEO got 5 MILLION SHARES ON DEC 21, 2009. NOTICE THE HUGE DROP SHORTY AFTER? DUMPING NO DOUBT.
On November 1, 2007, Clean Coal entered into an employment agreement with its President and Chief Executive Officer whereby the President and Chief Executive Officer is entitled to a stock bonus of 15,404,549 common shares. The stock is to be awarded as follows: 33% on December 31, 2008, 33% on December 31, 2009 and 33% on December 31, 2010
MORE DILUTION!!!!
Between May 14 and September 4, 2009, Clean Coal borrowed $18,500 from an unrelated third party. The loans bear interest at 10% per annum and mature between May 13 and September 3, 2010. One year from the date of the loans, the principal and accrued interest become convertible into common shares of Clean Coal at 50% of the market price of Clean Coal’s common stock on the conversion date.
On February 19, 2009, Clean Coal issued an aggregate of 8,814,483 common shares for the cashless exercise of 8,918,183 common stock warrants.
Between January and March 2009, Clean Coal issued a total of 716,666 common shares for services valued at $1,789,163.
On September 4, 2009, Clean Coal issued 6,311 common shares to repay related party debt and accrued interest of $14,578.
www.sec.gov/Archives/edgar/data/1445109/000117935009000089/f09sep10qfinalfinal.htm
Since when is Walmart South America a fake customer? We got in walmart this month, does that add any credibility to the overseas customer argument at all, of course not.
Also, I seemed to miss this, could you please provide link?
testimony from stock brokers and clearing firms as well as the old transfer agent.
This is your opinion, and is not fact.
The SEC suspended this scam because Moskowitz and Metter falsified financials, lied in PRs and forged legal opinion letters as well as committed 13 other major violations of federal securities laws.
investigatethesec.com/drupal-5.5/?q=node/908
Why don't you look at the ratios???? I pulled that data you posted, not a single time since aug did the ratio get above 60%.
Whoever wrote that is absolutely spectacular! Boy they touch on so many issues and just run circles around her. i'm going to have to vote that post of the year.
I think the short is negative. 350M are owned right now officially. Maybe the catalyst will be Cameron Funkhouser waking up from his nap, and doing his job.
The Outstanding Shares of SPNG was last reported on April 16, 2009 as 722,866,061. If a further 516,409,532 shares were cancelled between then and September 28, 2009, then it follows that the current OS is 722,866,061 – 516,409,532 = 206,456,529.
Stock Trade basics huh? Not sure i've you've seen this,
It seems like there is some debate as some are trying to spin the FINRA Daily Reg Sho Data that proves that shorting in Spongetech has been increasing, or that it even means that shorting is going on. I will post 3 pieces of evidence I use to support my position that in Spongetech, the Short Data, means exactly what it says on FINRA’s website,
1. (FINRA WEBSITE)
“Aggregate reported share volume of executed short sale trades during regular trading hours”
http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf
It seems very clear to me, that like I’ve been saying all along, the data Finra has about SPNG, is gathered through reporting by broker dealers, which are required to mark sales either long sales, or short sales. So, its pretty easy to add up all the short sales, and release the numbers. Why are people trying to confuse the rest of us by talking about delivery periods?
2. SEC.GOV
Under Rule 200(g), brokers and dealers must mark all sell orders of any equity security as “long,” “short,” or “short exempt.” The primary objective is to make sure that orders are marked and executed properly and that accurate data on those orders is available for the pilot study and for surveillance and compliance purposes.
http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
3. SEC.GOV
Rule 200 – Definitions and Marking Requirements. Rule 200 incorporates and amends Rules 3b-3, 10a-1(d) and 10a-1(e)(13). It defines ownership for short sale purposes, and clarifies the requirement to determine a short seller’s net aggregate position. It also incorporates requirements to mark sales in all equity securities “long,” “short,” or “short exempt.”
http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
VERY CLEAR, LAST SENTENCE, IT IS CONSIDERED A LONG SALE, IF YOU ARE EXPECTED THAT THE SECURITY WILL BE IN THE PHYSICAL POSSESSION OR CONTROL OF THE BROKER OR DEALER NO LATER THAN SETTLEMENT.
4. LAW.UC.EDU
A broker or dealer must mark all sell orders of any equity security as "long" or "short." An order to sell shall be marked "long" only if the seller is deemed to own the security being sold pursuant to paragraphs (a) through (f) of this section and either:
The security to be delivered is in the physical possession or control of the broker or dealer; or It is reasonably expected that the security will be in the physical possession or control of the broker or dealer no later than the settlement of the transaction.
http://www.law.uc.edu/CCL/regSHO/rule200.html
MINGY
Ha, okay. So what about all the attacks? Notice the order of the following events. The Order reads almost word for word what the New York Post is spewing. Odd so much out of the new york post about a micro cap company in such a short period of time? What about the relationship between the author and to the "father of the 401k"?
LINK TO NY POST ARTICLES:
Not Spongeworthy September 17, 2009
http://www.nypost.com/p/news/business/item_ZZZ1QlWllnBaSYuVjqYysK
Spongetech is all wet September 22, 2009
http://www.nypost.com/p/news/business/item_hBMpyldSkFZez0wuxFdupO
SpongeTech client records spring leak September 25, 2009
http://www.nypost.com/p/news/business/item_dw5hyBpvNxFyvS96Xmi5bN
SEC looks for SpongeTech stain September 28, 2009
http://www.nypost.com/p/news/business/item_FCciNOhArPuw8oFLU0DNaN
Spongetech money woes October 3, 2009
http://www.nypost.com/p/news/business/item_30mEVgVP1PLMLmmu0opMzK
SUSPENDED October 5th, 2009.
http://www.sec.gov/litigation/suspensions/2009/34-60788-o.pdf
SpongeTech sent through wringer by SEC October 6, 2009
http://www.nypost.com/p/news/business/item_q2v1cHxp8Q8MPG8yqg2pjJ
Sorry, but that is not the case, can we all please stop trying to guess when the 10k is coming out.
gortclatu
Date: Friday, February 12, 2010 11:05:48 AM
VOLUME NOW SAYS TODAY IS 10K DAY
Date: Thursday, February 11, 2010 12:32:27 PM
TODAY OR TOMORROW
February 10, 2010 7:55:30 PM
I SEE THE 10K---ITS OK
Date: Friday, February 05, 2010 11:11:25 AM
AFTER WE CROSS .036 WE ROCKET UP
Date: Wednesday, February 03, 2010 10:40:31 PM
I SEE THE 10K---AND ALL THE REST OF THE PAPERWORK TOMORROW
Date: Thursday, January 21, 2010 3:19:50 PM
I SEE GREAT THINGS BY FRI 3;30
Date: Wednesday, February 03, 2010 11:23:39 AM
WE CLOSE OVER .04 TODAY
Date: Tuesday, January 19, 2010 2:14:00 PM
WE ARE CLOSE -- VERY CLOSE--TO THE END OF THIS RIDE TODAY THIS WEEK NO LATER--VOLUME SAYS IT ALL
Date: Saturday, January 16, 2010 1:03:24 PM
--BELIEVE--IN--THE--SPONGE--TUES WE'RE NOT IN KANSAS ANYMORE TOTO---THE MUTTS COME CLEAN
Date: Friday, January 15, 2010 8:25:31 AM
---TODAYS THE DAY---