Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Teflon2Insults]

Yes I think we all agree:
Until these types of things are given much more stringent penalties to them that do them...I believe like minimum 25 year prison sentences...they are bound to continue. They payoff is too great and the ability to escape anything but cursory pay backs so easy it seems to be a reasonable business opportunity.

Prosecute the offenders and ALONG with financial recovery....impose large, very large - jail penalties.

But, with or without, makes no case for the continuing of the fraud by those victimized on the grounds others get away with it.

The courts determine the penalties, who pays and who receives - not the market. (Best way for all..the market says -- investors lose all for forever....).

Just can't figure out a way to explain how buying stock in a bad business, fraudulently run, and leading to bankruptcy to avoid paying its obligations to suppliers, etc. should be a windfall to investors in it aren't you?

That's because there is none.