Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

"You may be required to pay a slotting fee to, in effect, purchase shelf space in Wal-Mart if there is a great deal of competition fighting for the same space or the marketability of the product is untested. You must also be prepared to work with profit margins that Walmart endorses.

"Slotting Fee" is where you simply are paying Wal-Mart for shelf space in x-number of stores. Shelf space on the bottom shelf is cheaper, as are end caps.

Just like buying ad boards in sports stadia - you can pay to create the illusion of being a real business. New energy drink companies do this all the time to buy store shelfspace for a launch of an unknown brand.

But that is all really irrelevant, since SPNGQ was a con job from the get-go and you got suckered. Your money is G-O-N-E. SPNGQ is liquidated and in wind-down dissolution.