WOwwww.... people on this board are ridiculous today. I swear like 50% of the people here today don't even own this stock and yet they are "angry" with management because SM and MM aren't releasing a PR every time someone in the company poops. Are you people kidding me? I like that they aren't putting out PR's explaining who, what, how, why, when, blah blah blah... i don't need these people to hold my hand, honestly it would insult me. I am only 21, but I did my research, i bought/tried the products, i studied all the filings, i talked with the company, and made my own decision. Nobody can change my mind. They have a company to run people, deals to make, filings to file...try calling up the CEO of IBM, Google, Microsoft and demanding they explain everything to you because you bought $1,000.00 worth of stock at .02/share in the secondary market. Their college intern janitor wouldn't even entertain that call. Spongetech is an international corporation doing deals with big names, getting more done in a day than we do in a year, and building a company that makes more money in a month than most of us will ever see. MM and SM have got this whole "running a business" thing down. They are both multi-millionaires running several different businesses. SM has two or three and recently sold one for half a billion dollars. MM took a small local radio station, took it semi-national and it is now extremely popular, especially in the new york area. Heck even frank luzakus (spelling?) owns like 9 or ten domino's pizza's. These guys make absolute bank- they are not scam artists, in reality they saved this company's butt. Look at the timeline of events...you guys wanna know why SpongeTech didn't go under? it is because of RME... without RME the HF that targeted this stock would have succeeded in bringing it down until RME stepped up to the plate and gave SpongeTech a ton of money to realize its potential. The loans from RME were not shady at all, they were a godsend (and a big middle finger to whoever is trying to bring down the company at the time). rankly it amazes me that people are still running around saying this is a scam. If you really think this, don't buy the stock, don't buy the products, and don't post on this board.
BTW, i wouldn't be surprised in the least if the criminals who have been screwing with SPNG are in fact trying to initiate a hostile takeover just so they can run the company into the ground after acquiring it. It is probably cheaper than covering. When a hedge fund is looking at a situation like this there is nothing they won't do.
Good luck to every shareholder here, and good riddance to everyone else.
