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Re: big lug post# 321486

Thursday, 06/03/2010 8:19:28 AM

Thursday, June 03, 2010 8:19:28 AM

Post# of 346916
In the past, fanatical longs used to suggest that PRs cost a lot of money to release. Same thing about filing 8Ks and updates to the Delaware Secretary of State office.

I never believed those claims. Another ruse to keep those invested, invested.

Pike isn't in this anymore, just like Furth isn't in it anymore. They've dumped or are still in the process of dumping. Just like many other third party investors, who were NOT lucky enough to get a forged Pensley/Halperin/Bomart opinion letter.

They, too, are stuck with worthless paper, but at least they got those shares FOR FREE to continue to promote SpongeTech and why it's such a great investment, still, to this date.

THE KICKER!!!

As soon as they meet the required holding period under Rule 144 of the Securities Act, they sell them off and disappear. dpilon most likely (IMHO) is associated with such entities, still stuck holding restricted shares!

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