News Focus
News Focus
icon url

overachiever

07/19/09 2:36 PM

#142794 RE: 1jk1 #142790

Here is an excellent set of comments on Spongetech's consistently bogus "new order" claims:

THOSE MASSIVE PRODUCT ORDERS
19-Jul-09 06:59 am

Lets take a look at last year, around the same time.

the June 5, 2008 press release stated:

"Confirmed signed orders for fiscal year 2009, which started four day ago, are $27,000,000"



Sound familiar?

Guess what the total sales for the first 3 months of Fiscal 2009 (June, July & August 2008) were?

Gee, lets see, according to the promoters posting on this message board, 5 days had $23 million in orders, so 90 days would have hundreds of millions of dollars of sales....

nope, not even close

the answer?

SPNG June, July & August 2008 sales were only $5.5 million:

http://www.sec.gov/Archives/edgar/data/1201251/000114420408057701/v128905.htm


SO WHAT DOES THIS SAY ABOUT THE JUNE AND JULY 2009 MASSIVE ORDERS THAT THE COMPANY HAS BEEN STATING IN THE PRESS RELEASES RECENTLY?

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=tm&bn=63817&tid=209110&mid=209110&tof=19&frt=2