Replies to post #7123 on Spiral Toys Inc. (fka STOY)

[WarrenE]

Word crimes!!!!

How could you twist it like that.

You totally made it up.


Story is nothing like the company. You don't know about this company!



What a waste of my time.

[jamu]

Holy crap!!!! Are you seriously going to compare Spongetech to STOY in order to prove your point. Please tell me that your not comparing what happened in the sale of stocks related to SPONGES to what STOY has done and is doing now in their implementation and sales of ADVANCED HIGH TECH COMMUNICATION PRODUCTS TARGETED FOR FAMILIES AND CHILDREN. Please tell me that's not the best that you have to offer to justify your position that STOY is a scam. For anyone that's not familiar with Spongetech, here's a short synopsis :

"Either they believed the product was a real product because it was some sort of real product," said Hartley Bernstein, a New York lawyer who used to help unscrupulous market operators cook up penny-stock frauds and now runs a blog explaining how to identify fraudulent companies. "Or they knew they had a phony product and wanted to make it seem real, in which case then you do things that make it look real. Spongetech marketed itself as "America's cleaning company" and in infomercials touted its unique "high-tech cleaning system." In reality, it was in the humdrum business of selling soap-filled sponges to help clean kitchens, cars or pets. It also sold a SpongeBob SquarePants sponge filled with baby soap. As for the sponges' "tech properties," Mr. Metter explained in TV appearances that the sponges contained a patented polymer "activated by water and mechanical squeezing."

Spongetech's majority of sales came from Infomercials which they paid for with stockholders money.

Here's some other things that STOY DOES NOT DO that would be associated with penny stock scams :

Pump and dump schemes by using false or misleading statements to hype stocks, which are "dumped" on the public at inflated prices.

Dump and dilute schemes where companies repeatedly issue shares for no reason other than taking investors' money away.

I can give you a long list of scam stocks that are posted on IHUB and you can go to any of those and shout from the rooftops that they are a scam but I can tell you that STOY WILL NOT BE ON THAT LIST.