Replies to post #42103 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

A bunch of people have contacted steven m about the 8k everyone said they have gotten no response.

It was my understanding that the company couldn't say anything right before they filed a sec doc...

Just a thought but what if they were about to file that 8k??? thus the reason for no responses....

[eelfland]

The dumpage is being done by the insiders, IMO, with dilutive shares, ripping off the people who believe what they put out in their PR material. Usual penny-stock ripoff. I don't really know why anybody would think differently, unless he makes the mistake of believing the PR's or the rumor mill.

Maybe this answer is unacceptable to you, because it accuses the insiders of the company of scamming people. But that's what nearly always is the case in this situation, whether people "accept" it or not.

I'd be surprised if the shares that are being sold and attributed to the "NSS" are not just the normal diluting dumpage by insiders.

Especially with the gagged TA. Bet on it.

[Whiplash_Investor]

If there were a mass bailout at $.03 of current longs, they would be replaced by new longs...what has changed for someone who holds? Well, the price is at $.03 and green in their account? How again is that bad for the holder?

[Wrinkles]

Stratford wrote:

Why does the management continue to allow this manipulation of their stock. Maybe to get cheap shares at the expense of the long time stock holders. The original news release was 11/20/08. Michael stated they would correct the manipulation of the stock.

Wrinks wrote:

EXACTLY, right on the money, is the company friend or foe? I believe in NSS, but that doesn't mean company doesn't have shareholders in the crosshairs while they play games.

[printmail01]

Review Signature Doug Furth philosophy:

Read it cloesly:

The Signature Fund investment philosophy centers on the concept of the investment of “mezzanine capital,” whereby long-term equity investment is provided to the company, while simultaneously being liquidated on a short-term basis by the Fund as it transitions out of such investment via its proprietary methods and networks. Unlike many other private equity investments that end up taking on a toxic profile to the recipients due to arbitrage and control issues, the Signature Fund works to liquidate its investments in a responsible manner that actually benefits the underlying company, helping in the formation of a solid shareholder base for future needs. The methodologies employed to accomplish such objectives formulate the basis of the Fund’s proprietary competitive differentiation and advantage.

The Signature Fund seeks to generate superior returns that would compare favorably to most other forms of investment, while working to mitigate as much risk as possible via the implementation of its investment philosophy and proprietary liquidation strategies. It is the objective of the Fund’s managers to generate successful venture capital type returns while maintaining a blue chip investment risk level.
http://thesignaturefund.com/philosophy.html

Got to the website > Read cloesly > Sounds to me , In My Opinion , "The Group" is selling when retail investors are buying and buying when they are selling, creating profit off the volatility of a high profile 1933 penny stock with feverish supporters and committed detractors, playing the SEC loop holes combined with strong investor sentiments , making good monies trading stock , registered and unregistered , very interesting for sure. IMO it is a very slick form of short-swing trade , and IMO they are doing it legally , as legally as can be done , they are the best at it , this is what they do for a living , make the company "insiders" and related insiders corps holding stock millions $ just from the retail, non insider, trades up and the retail trades down , you can give away few hundred milion shares, for cheap and make bundles of cash creating action with the shares , Of course this is IMPO - In my personal opinion , but from what I read on Furth and "The Group" he has a really slick thing working ,. the trick is to be buying when others are selling and selling when others are buying , and you dont know what way they are going to create the flow , will it go up on good news and down on bad? or like we see lately the opposite>? IMO money can be made, IMO money can be lost by retail chasers , but they need chasers! AND insiders ALWAYS MAKE MONEY, when retail loses money insiders make money ,, when retail wins money insiders win money , but the loses are only for retail investor, insiders make $$$ on BOTH sides up and down.... IMO