Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cav]

Read this post by stoxmagic again. I think things are not what they seem either;

Posted by: stoxmagic Date: Tuesday, September 29, 2009 9:30:44 PM
In reply to: None Post # of 230805

Thank you, once again, to all.

Calm, sensible, rational discussion winning the day. Our having long said that, together, we win. And indeed. Many agile minds working as one. Getting the job done. Painting an accurate picture.

There being no need of devolving to gutter level. Of name-calling. Of vulgarity. The unfortunate infantile rest of it.

It's been a tough row to hoe for sure. Criminal activities coming to the fore as of the mid-June area. The faithful longs having stood fast. Having presented a formidable opposing front. Justifiably in support of one's own investing/trading interest. It being simply unfortunate that there are those among us investing/trading with emotions in tow. Posting accordingly. Others victimized courtesy of their own mindless greed. Posting accordingly. Unfortunate for all involved.

The flighty world of equities being always a risk/reward call. Never any guarantees provided. A matter of performing the almost always (momentum plays being the lone exception) necessary due diligence. Proceeding accordingly. With our having made the right call on this one. America's Cleaning Company. Caliber of management being the always key. And we've been aware from the get-go of the criminal activities. Having heard, last year, about the initial appeal to the inside for a massive position at a steep discount to market level. The first brazen attempt to 'legitimize' the goings-on. A little something that told us that the phantom float perpetrators see no escape.

And, so, were we remiss in not considering that the June ugliness would emerge? That there would come the drafting, and successful execution, of a plan to halt and reverse the run-up? Criminals preventing financial disaster for themselves?

Even at the point of our interim High of $0.2851 we're talking gross undervaluation. And, so, small wonder that our post-capitulation High of $0.2260 eventually emerged.

And here we now are. Massively grossly undervalued once again with the fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.

And over the lies and deceit/distortion period we called on the inside to step up to the plate. To set the record straight. Little knowing that said inside was fully advantaging the goings-on at market level. Personally loading up and otherwise proceeding with company buyback implementation. Having recently stepped up to the plate. Setting the record straight. The point at which the favorable share structure adjustments were complete enough to expose the phantom float to the degree desired/necessary. Apprising all of the DTCC, FINRA and the SEC. An investigation understandably launched. Thereafter formalized. For reasons to hugely smile about. Criminals, indeed, the target. Parties spewing no end of lies and deceit/distortion. Ongoing attempt at preventing financial disaster for themselves.

The fact of the re-audits situation having opened wide a window of opportunity for said criminals to ramp up the FUD routine. To scare the innocent into bailing. With, now, cooler heads prevailing. Emotions, thankfully, largely sidelined. All involved starting to see the light. Being on the same page soon enough. The fact of the investigation focus being other than that which criminals would have folks in general believe. Said focus being those very criminals. An understandable campaign to see ill-gotten gain disgorged in full. The SEC being now run, courtesy of a clear-thinking White House, by an individual determined to do right by the agency's own primary mandate of protecting the little guy/gal. Seeing to it that retail investors/traders aren't robbed blind by a few hundred folks on Wall Street and their cohorts.

And no. We can't say just and exactly what will come in the end in the way of actual enforcement considerations. Actual disgorgement. So on. But at the very least we'll be talking about a playing field far more level than that which is the current reality. It being only logical to consider that, over time, the inside has had company legal amassing a telling database. Prepared to provide the SEC a necessary launch point. And we certainly know where it all began i.e., blogged nonsense.

And recalling…

(June 14)

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And while the Friday bit of business is definitely getting beaten to death at this point -- no end of erroneous viewpoints/opinions on the subject -- we'll cement the reality one last(?) time. Just what it was precipitated the goings-on. And…

[ Noting the date and time of the 'article'… (Thursday) June 11th, 2009 at 2:03 am Posted by The Dean ]

http://collegestock.com/blog/penny-stock-failures-bad-management-on-wall-street-spng/

The FUD posting routine getting seriously underway thereafter. The first of which, seen by yours truly, being...

"Big dump coming!!!"

"SEC investigation!!!"

Friday's activity having nothing to do with MM inventory circumstance. There being no shortage of volatility/profit-taking during the run-up. Plenty of inventory. And no MM('s) would go seriously short in the absence of the obvious coming down-side. Obvious trend reversal. Order flow change.

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And SEC investigation indeed.

And too funny?

Prescience?

Criminals having authored their own demise.

One's own words coming back to haunt one.

The referenced guilty, on more than one occasion, having contacted the inside. Seeking as they did. Laughed at and dismissed. The investigation initiated for far from flippant reasons. The inside seeking serious full redress. Disgorgement of ill-gotten gain in full and more. Steadfastly determined from the get-go to not allow criminals to walk free. All the richer.

And, so, just as with our mid-July post-capitulation run-up we're, once again, headed steadfastly north. Only this time harking back to June. The degree of session-over-session gains we can expect as folks, more and more, find themselves on the same page. Seeing the light. The actual investigation focus.

America's Cleaning Company

Caliber of management.

Getting the job done.

The bringing of value.

The seriously tangible variety.

Seeing to it that a permanent end to being grossly undervalued is the reality. Market level reflecting as it should. In line with fitting valuation at the very least. The fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.

Nowhere to go but up.

The whole of it having taken a while for sure. Getting back to where we left off in June. The picture as it should be. In the absence of a flood of lies and deceit/distortion. Rampant criminal behaviors.

A need of understanding that the whole of it hinged upon the ongoing favorable share structure adjustments being completed. Largely completed. Enough to expose the phantom float to the degree desired/necessary.

And hugely interesting it will be to discover just which individuals, and entities otherwise, have been directly involved in creating, and maintaining as hidden, our phantom float 'friend'. The ugly rest of it.

Many of those innocently caught up in the criminal goings-on standing ready with their own noose.

And understandably so.

Holding tight indeed.

And regards to all.