Replies to post #263419 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Kasode]

Actually the Dubai news, IMO, is not really that big of a deal. Yes, we will probabally see a selloff in domestic markets tomorrow because of the headline fear that the news creates. Yes they've probabally grown too fast too quick, and used large amounts of leverage to do it, but think about the region you're talking about; probabally the single richest areas in the world because of the vast oil wealth there. As far as how this affects SPNG, I don't see any correlation as it's not a systemic issue.

[zomniac]

Mingy<
SEC, FINRA, and DTCC are not the hold-up here, the company is.

All Spongetech has to do is file the required forms.
EVERYTHING else can proceed after that.

The filings will give facts to base your opinions on, instead of relying on blind faith.

However, it is becoming clearer, as days become months, that there is a reason why those filings are not being made.

[towanda]

INTERESTING LINK:



http://www.happi.com/articles/2009/08/online-exclusive-spongetech-wrings-out-a-big-gain-