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Wow... still the same stuff going on here since the last time i checked. Im glad I havent been sitting here waiting for that 10K. If I did that, then I would have missed all the other opportunities Ive taken advantage of. Lots of money to be made elsewhere people. Sorry to see still no 10K.
Maybe financial statements would help. LOL
Its hard to believe people spend money on a stock where the company hasnt reported in months! LOL Unbelievable. I think Im gonna buy a lottery ticket tonight. Maybe I will win a million dollars!
I dont know about you folks, but Im not feeling too confident about a company when they havent been able to provide me with financial statements documenting the last 6 months of operation. Shame on me for losing so much money before I pulled the plug just before trading was suspended. You people are trading/investing with a blindfold imho.
Hate to clue you in, but the investigation is ongoing and it has just begun. LOL
If you look at other posts regarding this topic you will understand why we are still trading. I wonder how many people will get suckered into buying and then have this drop like a rock to sub-penny
The "Real Fact" is that the investigation is still ongoing. You posted an "assumption" and not a fact. The "FACT" is that investigations normally take months to complete.
Now I know why you are all optimistic. All we need is a 667% increase in pps to get back to .20 and everything will be ok. LOL Of course i will be screwed again because I dont own any shares, but my son kept 2000 shares just as a joke. He keeps shaking his head as they go lower and lower and lower.
A Big surprise tomorrow? Can you give me a hint? Am I going to get back some of the money I lost? LOL
Hows that 10K looking today? LOL Dont tell me that anybody here actually thought you would see it today. Ive learned my lesson with this company.
I think the Board Moderators should delete your post because it is extremely misleading and very hurtful. The reality is what you see in front of you. The PPS and the loss of so many people their hard earned money. A lesson to be learned I hope. Myself included. I have moved on and have made some nice profits since channeling my energy away from this company.
The news is out. Your money is gone. And everything will be ok for the scammers who took your money(and some of mine too). I didnt think this was a scam until right before the trading was suspended. I have moved on and have made some nice profits in other stocks, although I do come back here for the entertainment of what the financials say. Oh yeah, I forgot... what financials? LOL
Do yourselves a favor. Forget about your SPNGE shares and go make some money by investing in other company's that are above board.
Does anybody think I can buy 1 million shares of SPNGE...say.. for maybe a thousand dollars?
Is Mark Garagos representing any liars, uh I mean members on this board. Ive been told theres been lots of lies and misleading information being posted here. I lost lots of money on SPNGE but thankfully I sold every share I held before last Friday's close. I would have lost it all if I held for 3 more minutes last week. Kiss it goodbye! There are other companies to invest in.
Where is Soapy Bubbles? I see there are zero posts for today? I liked his posts about SPNGE.
I feel so, so sorry for all of the wishful thinkers who have money tied up in the company. I hope you all realize its gone. Look in the mirror and admit what has happened. I lost money but was fortunate to sell all my shares before the close last Friday. Dont trust what you read on this board about SpongeTech. That includes what I am posting. But be rest assured your money is gone and there are crooks everywhere who are associated with this company. Look at the situation we put ourselves in. Thankfully I didnt lose it all.
Wow... you want to see a photo of SpongeTech products on a shelf in a store? I cant figure out why you wouldnt want to see the product "live" right there in front of you. LOL Why do you want to see a photo?
You mean it will be really bad to find out they have 50 million in sales? LOL
Subpoenas are issued to ALL parties whereby the SEC needs to gather evidence. There are several on this board that have no idea what a subpoena is and/or why someone is subpoena. Let me enlighten you. Receiving a subpoena is not an indication that the SEC thinks you have done something wrong. Most people are subpoenaed as witnesses, not as investigations targets. WHILE BROKERS OFTEN BECOME upset or even angry when they are named in customer arbitration, nothing strikes fear in the hearts of licensed individuals as much as being called to testify before their own regulatory body. Oh yeah, and one more thing...It is a federal crime to make a false statement or representation to any government official, including a member of the SEC.
SpongeTech will be advertising at this years Super Bowl.
http://finance.yahoo.com/news/SpongeTech-Delivery-Systems-bw-2710326411.html?x=0
Why did you "buy several" kits if they sucked? And I know who would buy the football sponges. All of the same people who spend their money on overpriced NFL tickets. Probably the same people who paid $259 for Vick's jersey. The same people who put professional athletes on a pedestal as if each one of them are some kind of hero. LOL
Seems like some posters here dont have a clue how audits are conducted when a public company is under audit. Let me set the record straight for SPNGE. Documentary evidence holds the least validity because it is digital and it can be easily altered. You better believe the SEC will NOT look at ONLY documents. What WILL be examined very carefully will be the physical evidence and the testimonial evidence. Obviously, the physical evidence will be that of Spongetech manufacturing/production facilities and wether supporting documents for production can be validated by the physical plant and equipment. The actual physical whereabouts of their customers will also need to be validated. The testimonial evidence will be that of SpongeTech and their customers. Will all of this testimony be corroborated? We shall see. I am long SPNGE. Hope this helps.
What happens today when we close over .08 and then 10-K comes out tonight after the close?
My L2 on TD Ameritrade is not working at the moment. Anybody else having problems? I do see a price of .075 but Im doubting that cant be accurate because of all the caring people on this board that have warned me to see because SPNGE will drop to .0075 and be halted. Can somebody update me please? LOL
Be careful shorts and bashers. I wont be surprised to see huge buys coming through. Im buying all the SPNGE I cant get before we go back over .08. This is oversold Big Time!!!
Let me guess. What you want me to believe is that SPNGE never sold any products with any of the retailers they said they were affiliated with? Wow.. really? You mean its all a big lie? Well.. you still cant have my shares! Tell me this was a lie ===> http://www.reuters.com/article/pressRelease/idUS123374+17-Jul-2009+BW20090717
I think about the economic conditions on Wall St during the last 18 months or so and now I see where this investigation is heading. I think there are mm's and lots of Wall Street "folks" who are squirmimg. SPNGE is full speed ahead. Thank you to all the posters who are trying to save me from my losses. Thank God you have time in your busy schedules to post all of this stuff and warn us longs. lmfao.. Im not selling a single share!!!
And the business continues... The SEC investigation doesnt mean SPNGE is guilty of anything. Their product is out there on shelves everywhere. Advertising is still huge! Now they will be seen by boxing fans everywhere. Im holding all my shares and buying more on any continued dips. When 10-K comes out we wont see or hear from bashers anywhere!
http://www.spongetechinc.com/news
Listen up people. D&T has already provided services to SpongeTech. The firm is not a bunch of bean counters. They provide consulting services along with the accounting that you all recognize them for. They have already performed services for SpongeTech. They were hired for the current fiscal year which is well uner way.
Thats not true. D&T is already working for SpongeTech. They began working for them at the beginning of this fiscal year.
So some of you think that this so called "scam company" just hired D&T for what? I mean come on. This accounting firm is one of the best around! Open your eyes. I will buy your shares if you would like to sell. The NY Post may be in BIG trouble.
Ive been reading a lot of posts about SPNGE today that have really enlightened me about the lack of business sense that exists in people who buy stocks. Todays price action is just a knee-jerk reaction to the news today. When the 10-K comes out I believe we will see a quick double from wherever we are priced at. If we are at .09 we see at least .18 or more imho.
Here we go again with statements that have no evidence to back them up! Please stop! You have no idea if the 10-K has been completed. You are now guilty of spreading misinformation. Do you understand? It's simply unethical on anybody's part to spread information that has not yet been supported by fact.
Can we crack the resistance at .11? Lets hope so my fellow Spongers!
I like that Ralph. So true! Thanks.
There are no links. These are all fabricated lies to spread fear amongst the longs. If you take note, you will see the number of posts today have increased to bash the company after they posted the letter on their website. The letter came out and the bashers are now out in full force. Its just a little game that they play. Their game is to plant the seeds of doubt and fear in the minds of the longs. Dont worry, the 10-K will be out soon and the numbers will be good imho.
Wow.. are you serious? what happens when it makes a nice move upward? Will they reimburse you for the profits you lost out on? Man, youre right. Big brother is everywhere. Not just on this board trying to help the longs minimize their losses. LOL
Why dont you help us all and tell us exactly what your phone call was about? All these posters talking about the SEC investigating this company but I dont see any real proof. The 10-K being late does not mean the SEC is investigating. Seriously... tell us what the SEC said to you.
Absolutely not because the Post is very much like the National Enquirer.There objective is to sell papers and report accurate news comes last.