Replies to post #241743 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Perok]

SPNG rocks. You have one of the most aggressive marketing and management teams of any penny ever. They put out a real tangible product, (they aren't some theoretical shell) - they went after the biggest venues, put their product in front of everyone.
... and likely pumped up there accounting and sales figures a bit too.. (whoops)

I say so what. People whine and cry when their stocks just sit there, but SPNG pushed the envelope and got caught. I'm back in as of yesterday, it's easy money going forward.
After all these guys took a .01< stock to .28, down to .08 and back to .20 again.... everyone should be making money here.

Bash away, it's .03 today, it will be double that in a few weeks.

[puppydotcom]

sorry, wrong again!

each and every area in bold is considered a security violation
if violated ..thus .. The investigation ..

The Commission temporarily suspended trading in the securities of SpongeTech because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the amount of sales and customer orders received by SpongeTech, investment agreements entered into by SpongeTech, and SpongeTech’s revenues as reported in its financial statements. In addition, SpongeTech

http://www.sec.gov/litigation/suspensions/2009/34-60788.pdf

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and

Crucial to the SEC's effectiveness in each of these areas is its enforcement authority. Each year the SEC brings hundreds of civil enforcement actions against individuals and companies for violation of the securities laws. Typical infractions include insider trading, accounting fraud, and providing false or misleading information about securities and the companies that issue them

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the "not filing" is also a securities volition = failure to follow SEC rules and regulations ...

Violation of the Exchange Act; SEC Enforcement
The failure to file a required SEC report on time constitutes a violation of Section 13(a) of the
Exchange Act and the SEC could institute an administrative proceeding against the late filer,
among other things, seeking revocation of the company’s registration under the Exchange Act.
These proceedings by the SEC are uncommon and are typically aimed at recurring and egregious
violations.
Disclosure Issues;

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