Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

The target-rich subpopulation for pennystock scams is novice, unsophisticated single males - age 18-35 - the same demographic that the Spongetech sports ads were directed to.

They were not selling sponges except as a sideshow - the real thing they were selling were all the shares Moskowitz was printing.

To dumb, young punks chasing illusory pennystock fortunes. The same clowns who waste money on sports betting in casinos or with bookies. The ones who never grow up wind up at the horse race tracks always looking for the "system" that will finally make them other than what they are - losers. The same type of suckers who chase illusions of NSS - from CMKX to CONV to hundreds of other penny stock insider pump & dumps where the bagholders search for the unicorns (aka "Group B") that they can never find but are sure they are there. Ask Bill Frizzell how many NSS he found in CMKX - answer: zero.

So sports ads are a natural place to sell the stock name - note that not many of the sports ads even showed the product (well, the nominal product - sponges). Just the name (and in a few cases the ticker symbol!) of the scam company - Spongetech.