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lol.
very funny
I was going to say something but I knew it was going to get deleted.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49924675
I'm thinking it's in the range 50 - 100 million.
Where did the money go though? That's why I'm sticking around to find out.
Where does the money trail start, well, it starts in there TD Ameritrade Bank account. It's too bad we don't have access or legal power to get these documents.
Imagine the profit margins!!
I posted the article because the SPNG execs will get the same charges. For example impersonating a lawyer without a BAR, wire fraud, check fraud, security fraud, and probably the RICO act, Cooking the books, etc....
Someone is going to snitch.
They pumped and dumped there own stock and made tens of millions. My prediction is 50 - 100 million.
I don't remember what the group pump and dumped read the article.
Remember this post?
Because I have your PM in my inventory with the rest.
Posted by: Scovanner Date: Monday, January 11, 2010 4:54:38 PM
In reply to: tturner617 who wrote msg# 279913 Post # of 317409
Lol.
A company that makes sponges.
So, SPNG is worth 350 - 600Million. LOL.
This board is drinking to much koolaid.
350 million dollars, wow.
This company on there fake balance wasn't even worth that much, so how do you think the company is worth 350 - 600 million dollars.
Hell, if the outstanding shares was a 600 million and the stock was at 1.00, but it's not at a dollar or will ever go near a dollar,1.00, that wouldn't be possible with the small amount of net profit and cash that they have in reserves, you know to stay solvent throughout the day to day operations.
The SEC is probably watching me so stock promoters be carefull, because they know who is spreading false information and the ones who are helping the SEC out.
Good luck to you, and SPNGWHO, and the many others.
This board is too funny to read, The SEC lawyers probably enjoy there day watching this board and all the fluff that comes out of it.
Who still thinks that NITE naked shorted SPNG?
Who still thinks SPNG was naked shorted?
Who still thinks that this isn't a scam?
Who still thinks that they are coming out with a 10-k?
These guys are getting years behind bars. I didn't know you can impersonate a lawyer. Good to know, unless you want jail time.
"Fat frank Love (JMOM/JMCP KMLD) "reborn" as a supernatural being, answering questions on a message board. I kid you not.... "
Doesn't surprise me.
Remember when he found that Rockafellar person, he thought he was jebus and was going to give frank like 300 million dollars.
Lol. After reading that, I thought to myself that anything is possible.
Read up on this because this will be just like SPNG.
Who is going to snitch on who first?
http://www.tulsaworld.com/news/article.aspx?subjectid=14&articleid=20100504_14_A5_TwoTul52099
Show Proof!
I agree.
There will be prejury charges.
I know for a fact that one of them will lie under oath.
Just wait until the money laundry, wire fraud, check fraud, and many other frauds charges come through the pipe line.
Templeton Global Bond.
TPINX
Austriala Bonds
Korea Bonds
Sweden Bonds
Ranks 7th out of 27,000 mutual funds using my criteria and analysis.
The first is a mutual fund that buys bonds from churches. What?, whatever, it is outperforming the market. LOL
My Criteria and methods are based on David F. Swensen "Pioneering Portfolio Management".
That it why the market collasped in the beginning of last year. Hedge Funds had to make there margin calls, most were down when they had to pay the margin back. Alot of Hedge Funds failed, I forgot what the number was. I can say that it was just like the S&L crisis.
Margin calls are tonight? I don't trade on margin so I wouldn't know. Please confirm. I don't know if your being serious.
Dow down 1000............
Dow Down 900.........
"I didn’t get a job because I thought I would have my capital from this to trade."
Wait, wait, wait. Am I reading this correctly.
"I would have captial from this" what is he exactly referring too.
I might be over thinking here, but it seems to me that he got paid to write those misleading, blatant fable postings.
Wow, The american markets are FUBAR.
Thank goodness I moved into a templeton emerging market bond fund last month. I trust my gut.
The greek people are going to take over the government and form a new party. There currency will become worthless and they will go back to barter. They will either make a new currency or use precious metals to trade.
Soon they work for copper and silver and will have to buy goods with copper and silver from themselves.
No one will trade with them.
This happened to Germany before Hitler came to power. If I'm wrong correct me.
This is what I would do if I was a pissed out greek aristocrat,
Rush into parliment kick out the leaders with my 35,000 nobles, declare a new form of government through press releases and the media, take a picture of the new government. Go home, go to sleep, wake up, have a tv conference, make the people vote. New Greece.
He might think it's over Jim. His posts were misleading and mixed with fables and blatant lies so he and his cohorts could profit from it. At least he is young, 5 - 10 years won't affect him that much or maybe it will. I don't care.
I'm sure the SEC will look into his trading records and posting dates.
The same goes with SPNGWHO.
In that picture, is Soapy the one in the middle between the blondes?
He won't smiling like that when he is convicted.
He seems pretty happy on that indiana grain website.
Like what I said yesterday, this is just the tip of the iceberg.
I don't want to say names, but you know as well as I know who they are.
I wonder when he will be subpoenaed? Not if.
"The Senergy website misstates the time frame to the offer, Thresher will be posting the letter of intent to its website as soon as possible. Regarding the offer Thresher has been taking an extended amount of time to make any announcements due to Senergy's delay in responding to our repeated due diligence requests."
I'm going to have to sue McPonalds now for burning myself because that was so funny for me too read that I spit out my coffee and it ricashaed off my monitor then on to my face.
I disagree, they need to hire experienced "people/bashers".
I guess I bashed SPNG and there Execs into prison?
Oppps.
I'm so busy these days it's nearly impossible for me to keep up with you guys. I need daily or weekly briefings.
Any takers? Diminc2005@yahoo.com
Basher, Inc. newsletter, any takers?
I say we all form one entity and call it Basher, inc.
Sign a strategic alliance with the FBI, SEC, and the IRS.
Have them gave us some kind of power to shut these people down.
More details.........
You know what seems odd to me board. Is that within the document it states that he can serve up to 5 years in prison.
Is that just from one of the charges? There will be money laundry, wire fraud, sec violations, and otheres. Which can put him away for longer.
He probably will go to white collar prison.
If not, good luck to him because he is going to need it.
lol, Yeah, They are going off the grey sheets straight to being revoked. LOL.
I saw someone just post SPNG:Nasdaq with a buy rating. WTF. thats funny.
If anyone cares, I was right on everything SPNG. From selling unregistered shares to cooking the books, etc.....
I was even right on how many shares they dumped.
It's funny now and I don't care about there shareholder being broke, I warned them all when they released all the BS and I got bashed and was called names.
now, LOL. Sucks to be you spongewho, cause your going to jail with them.
This is just the tip of the iceberg.
Like I said a year ago, I predicted DOJ .vs SPNG.
There it is. I'm laughing still. I posted here because I couldn't post over on the SPNG board.
I also had another prediction of NO BID stock price. I'll give that a few months.
Because it's obvious that PIKE is dumping all his shares.
The news is about to be out......
No Press release from SPNG, LOL.
Just a press release from DOJ.
I would like to thank the others who were dead on with me. Harvard Homeboy, SteveF, Risicare, Patchman, and a few others.
LOL.
2nd UPDATE: Spongetech Execs Accused In Alleged Fraud SchemeLast update: 5/5/2010 12:35:31 PM(Updates with details from SEC filing in the ninth through 13th paragraphs)
By Chad Bray
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The top executives of Spongetech Delivery Systems Inc. (SPNG) were arrested and charged Wednesday in an alleged scheme to defraud investors by reporting falsely and grossly overstated sales figures. According to a criminal complaint filed Wednesday, Michael Metter, Spongetech's chief executive and president, and Steven Moskowitz, the New York pre-soaped sponge maker's chief operating officer and chief financial officer, were charged with conspiracy to commit securities fraud and obstruction of justice. They each face up to five years in prison on the conspiracy charge. Metter, 58 years old, of Greenwich, Conn., and Moskowitz, 45, of Flushing, N.Y., are expected to appear before a U.S. magistrate judge in federal court in Brooklyn later Wednesday. "The defendants in this case--Spongetech's highest corporate officers--are charged with executing a bold scheme to portray Spongetech as a company that was performing at a level far above reality," U.S. Attorney Loretta Lynch said in a statement. "As detailed in the complaint, the audacity of their scheme was matched only by their obstructive efforts during the course of the SEC's investigation." The U.S. Securities and Exchange Commission also has filed civil charges in the matter, calling the case a "pump-and-dump" scheme. In the complaint, prosecutors from the U.S. Attorney's office in Brooklyn alleged Metter and Moskowitz between January 2007 and May 2010 publicly reported the company had secured purchase orders or made sales to five customers that did not exist. For the nine months ended Feb. 28, 2009, the purported sales to those five customers accounted for as much as 99% of Spongetech's revenue, prosecutors said. During that time frame, the men allegedly filed multiple false reports with the U.S. Securities and Exchange Commission and issued numerous press releases touting the false sales figures, typically via the Internet, prosecutors said in the criminal complaint. In a civil lawsuit, the SEC said the purpose Metter, Moskowitz and others flooded the market with false public information in order to fraudulently inflate the company's stock price, so they could illegally sell shares through affiliated entities in unregistered transactions. Through affiliated entity RM Enterprises International, Metter, Moskowitz and the company allegedly illegally distributed about 2.5 billion Spongetech shares at inflated prices, the SEC said. They allegedly used false and baseless attorney opinion letters to justify the unregistered sales, the SEC said. The men also allegedly regularly understated the number of outstanding shares in press releases and public filings, the SEC said. Two New York lawyers and a Brooklyn self-employed consultant also have been charged in the SEC's civil case. Metters, Moskowitz and Spongetech spent portions of their illicit profits to advertise with professional sports teams, including teams in Major League Baseball, the National Football League, the National Basketball Association, the National Hockey League and the U.S. Tennis Association, the SEC said. Since the SEC issued subpoenas in September as part of a formal probe of Spongetech, Metter and Moskowitz allegedly have tried to fabricate the existence of the five purported customers, according to the complaint. They allegedly sought to create Web sites and virtual offices for the companies, have furnished investigators with phony purchase orders and produced "questionable documentation" purportedly constituting proof of payments by the customers, prosecutors said in the complaint. The SEC suspended trading of the company's stock Oct. 5, according to the complaint. The suspension expired Oct. 16, and Spongetech has been trading only in the "grey market," a market for securities not listed on any stock exchange, the Over-the-Counter Bulletin Board or the pink sheets, according to the complaint. A phone call to Spongetech wasn't immediately returned Wednesday. An automated message on the company's investor relations phone line said the company would make no comment during the SEC investigation and would only make public comments via press releases. -By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com (END) Dow Jones NewswiresMay 05, 2010 12:35 ET (16:35 GMT)
Called it! To funny.
75% down. <LOL>
I guess SPNG is going to sue New York Dow Jones now. LOL...
Last update: 5/5/2010 10:53:22 AM(Updates with SEC filing civil charges, comment from U.S. Attorney, company not immediately returning phone call for comment, automated message on Investor Relations line.)
By Chad Bray
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The top executives of Spongetech Delivery Systems Inc. (SPNG) were arrested and charged Wednesday in an alleged scheme to defraud investors by reporting falsely and grossly overstated sales figures. According to a criminal complaint filed Wednesday, Michael Metter, Spongetech's chief executive and president, and Steven Moskowitz, the cleaning-products maker's chief operating officer and chief financial officer, were charged with conspiracy to commit securities fraud and obstruction of justice. They each face up to five years in prison on the conspiracy charge. Metter, 58 years old, of Greenwich, Conn., and Moskowitz, 45, of Flushing, N.Y., are expected to appear before a U.S. magistrate judge in federal court in Brooklyn later Wednesday. "The defendants in this case--Spongetech's highest corporate officers--are charged with executing a bold scheme to portray Spongetech as a company that was performing at a level far above reality," U.S. Attorney Loretta Lynch said in a statement. "As detailed in the complaint, the audacity of their scheme was matched only by their obstructive efforts during the course of the SEC's investigation." The U.S. Securities and Exchange Commission also has filed civil charges in the matter, Lynch said. In the complaint, prosecutors from the U.S. Attorney's office in Brooklyn alleged Metter and Moskowitz between January 2007 and May 2010 publicly reported the company had secured purchase orders or made sales to five customers that did not exist. For the nine months ended Feb. 28, 2009, the purported sales to those five customers accounted for as much as 99% of Spongetech's revenue, prosecutors said. During that time frame, the men allegedly filed multiple false reports with the U.S. Securities and Exchange Commission and issued numerous press releases touting the false sales figures, typically via the Internet, prosecutors said in the complaint. Since the SEC issued subpoenas in September as part of a formal probe of Spongetech, Metter and Moskowitz allegedly have tried to fabricate the existence of the five purported customers, according to the complaint. They allegedly sought to create Web sites and virtual offices for the companies, have furnished investigators with phony purchase orders and produced "questionable documentation" purportedly constituting proof of payments by the customers, prosecutors said in the complaint. The SEC suspended trading of the company's stock Oct. 5, according to the complaint. The suspension expired Oct. 16, and Spongetech has been trading only in the "grey market," a market for securities not listed on any stock exchange, the Over-the-Counter Bulletin Board or the pink sheets, according to the complaint. A phone call to Spongetech wasn't immediately returned Wednesday. An automated message on the company's investor relations phone line said the company would make no comment during the SEC investigation and would only make public comments via press releases. -By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com (END) Dow Jones NewswiresMay 05, 2010 10:53 ET (14:53 GMT)
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Just hit my Ameritrade news wire.
*DJ Spongetech Execs accused in Alleged scheme to defraud investors.
My prediction was right, they are going to prison.
And they did defraud investors, cook there books.
Spongewho where you at?
FYI:
If I wanted to pump a stock on a major exchange I would have to call the investment banks or the mutual fund managers. Posting or pumping here wouldn't help me at all, unless this site had billionaire traders which it doesn't.
Joke is on me. LOL.
I'll stop pumping golf courses that I play golf at.
It was just an example, not a pump.
Church Hill downs was a OTC:BB. They uplisted to Nasdaq.
I know the person who took them there. I play golf with him once a year at the creek course in Palm Coast.
www.hammockdunesclub.com
Oh, I just did a letter of intent to buy 100% of Microsofts outstanding shares for 3000.00 a share.
I just wrote buckey a letter of intent to buy his company for 14 billion dollars.
LOI's don't really mean anything except you have the intent to do something but legally you don't have to do it.
So I can go on and on about LOI's. I can't believe people actually fall for this stuff.