Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

hate to bust your bubble fourkids but what you stated were far from facts.

1. The SEC is on record questioning the prior financial statements making them suspect. I am not saying they are accurate or inaccurate; merely suspect. To support my suspicions is a Wells Notice that highlights accounting issues. You have nothing to support your allegations but baseless opinion.

2. Threshold security lists are not a guarantee of massive NSS. If there was a massive NSS it would have showed up by now again and again with all the buying by PIKE. Instead the fails account for less than $50,000 at PPS and that is why SPNG has never reappeared on Reg SHO Lists.

3. Noble Conference Rhetoric and Sales projections are meaningless until a fully audited financial trial is presented. To state otherwise is disingenuous. You can't find the 2008/2009 customers so how can you stand by financials that the SEC is clearly questioning. Without any additional financial filings you have no basis of foundation to declare post February 2009 sales numbers. Stating your beliefs as IMO is fine but lets face it, you have ZERO evidence to support your opinion.

4. PIKE. Lets talk about PIKE. Outside of theories created by investors what exactly do you know about them? Who here knows that they are making a move to buy the company? Opinion means nothing. PIKE buys at the top of the market and is fining minutes after close. That is all you know about them. As I stated, if they have material information that they know and are buying on that information, what they are doing is illegal. beyond that, there are no other buyers out there as the volume proves.

5. And most disturbing...

based on their actions over the past 8.5 months
since the noble conference that spongetech's mgmt has produced
that which they can ..

You have no idea what they have done over these past 8.5 months regarding financial audits and with regards to sales. You have opinions and beliefs as you state unequivocally but you have zero direct knowledge of what Spongetech Management has been doing these past 8.5 months or longer.

I was clear in that there are believers and disbelievers and was even willing to admit that there is product out in teh markets. That does not guarantee a sound business. Fully audited financials that provide true margins and profits decide what kind of a business this is and nobody has that. To look at what you believe without looking at what is presented by third parties (SEC) is not looking for the truth at all.

Last post for the day.


Mingy, left out Cresta because that lawsuit no longer makes sense. They are suing Cresta for setting up a deal with GFGU. That was when the deal was dead. Today the deal with GFGU is back on so what exactly would they be suing Cresta for? If GFGU was so bad, why did they re-open the contract?