Replies to post #23353 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[snakecorleone]

he's been around awhile and if history repeats... well, you can see why he's bummed... I'm still long, but getting a bit nervous... if management doesn't end the NSS'ing, we could cycle lower... ..018 has been a base, but that should scare people when that base comes in with raised rev of 40 million, viacom deal and so forth, when great news doesn't move a stock, that's a sign of a bigger problem... which needs to be addressed... just my stupid opinion...

[reaper21]

Because they could have done something to prove their stake instead of putting out one PR about shareholder updates. I said I like the PR, but they always do that crap, writing one thing then doing something completely different. In May and July, they promised no more dilution, then in July, they slapped us with more dilution and Class B shares (To people like Carp, don't response, because I already know what you gonna say about it).

The issue here is about trust, how long can we trust you when time and time again you don't deliver anything? (Again, don't bring up the revenue story, since we don't get to have a dime from those millions).

And please don't give me that crap about they should work on their own desire not us. I have said it before, they need us for the RME to work. If that is what they believe that they should not care about us shareholders, then don't go public. (everything here I still assume they have good motive, just bad execution. There is another flip side that they have ulterior motive to go public in the first place.)

[wadirum1]

Turner,

I also have fairly limited patience with management on RM and the 1933 secrecy stuff. When/if we get to 5 cents, I will be staring at a double on paper. How much can I continue to hold if the company continues to be unwilling to adopt a policy of giving timely SEC documentation of holdings/purchases/sales by insiders and timely information about the number of shares in total and in float? Sure, they may be in full compliance with the legal requirements of a 1933 company, but this is not how the big boys do it.

When I get to the point where I am looking at a double on paper, I will have to ask myself with even greater urgency what the worst-case scenario will be. Absent solid information and transparency, my imagination can paint some very bleak pictures.

I have not yet sold a share, and I do think the revenue picture is phenomenal. But I have emailed management asking that they provide the public with the information folks like me require to become long-term holders. This take it on faith stuff only goes so far with me.

Wadi Rum

[rookinvestor]

just checking in, hey tt, i thought this alaninvestor was part of doug's 100M share group....now he is bummed and talking about dilution??? doesn't make sense....