Replies to post #268539 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Virtual Drew]

SpongeTech Delivery Systems is no Proctor and Gamble, nor do they have any kind of public agreements with them...nor will they ever.

SPNG is a total "joke-of-a-company" (IMHO) that ran one of the biggest stock scandals on the penny market (IMHO). They infiltrated some of the biggest and more reputable market segments out there: Nickelodeon and Professional Sports.

Know what?

SPNG couldn't hang. They did, though, just long enough to execute BLACK FRIDAY? Anyone been around long enough to weather that one?!?

Metter, Moskowitz, Hess and Furth were able to dump all their shares that day, after purchasing them at 1/2 cent or less! Bravo "insiders"!

The "message board going-ons" are nothing more than burned ex-shareholders or those with no interest what-so-ever perpetrating they are "in the know" or continuing to buy at these uber-low prices, when all along, SPNG is just waiting for the DOJ to kick in the door and finally wrap this one up!!!

Wouldn't that be a wonderful Holiday Gift? Especially before 2010!

Handcuffs and Orange Jumpsuits! Perfect gifts for my "friends" at the SPNG Corporate HQs!

[albus]

So are you saying there is no squeeze or just not as large of a squeeze as may have occurred had a deal not been cut? Please help clear this up for us

[ID Supermoney]

I am long here and I like you stox BUT

Our coming trading week holding great promise for a return to being OTCBB quoted.

Is this just fluff again till next weekend or is this the real thing???

You have be saying this last week as well!!

I am getting a little irate that the company will not say a PEEP!!

TIA

ID

[cowtown jay]

Hi, stox

Thank you for responding to my questions.

http://investorshub.advfn.com/boards/rea...

In truth, the regulatory response, inclusive of FINRA, the PCAOB, and the SEC, has seemed less than fair to SPNG and the shareholders. So I can't really agree that the weak-handed were caving in merely to message board lies and deceit/distortion, although was that hugely a factor. We were suspended and relegated to the grey market in this process. That's fact, not FUD, and contributed to the Long hands folding.

Yet, I recognize that under existing laws and regulations, the aforementioned agencies had less flexibility than "fairness" would allow. The problem commencing with DellaDonna's failure to pass PCAOB inspection, and furthered by the onslaught of complaints and allegations made to the SEC, most notably made by David Patch. So, even though, "(t)he matter at no point being the issuing company," here we are.

However, that is a micro level evaluation, relative to SPNG only. And reflective of the fact that life isn't always fair.

On the national stage, I agree with your assessment. "Just suffice it to say that we're talking about a major improvement. A far more level playing field. With the regulatory attention, in the overall, serving to provide pause for thought. The future wide open." I might add yet another legislative improvement in HR 4173, whereby the PCAOB will now be inspecting auditors of broker/dealers also, and not just the auditors of issuers, if this bill next passes the senate. The increased transparency of broker/dealer transactions will make it much more difficult to hold "...massive amounts of IOU's in private accounts."

As for disgorgement, with significant shares of the phantom float held from the .01 - .02 level, the amount of ill-gotten gain offset by those losses. A matter of cost/benefit analysis. With a simple matter of short covering yielding "tens of millions" of dollars, as long talked about. And all the more reason for management to accept the controlled buy-in.

Now, just a matter of green lights by all participants. Of getting "all those ducks in a row." At long last.

Your continued updates, stox, in light of no formal communication from the company, are all the more appreciated and anxiously awaited by the remaining Faithful Longs.

Thank you so much, as always.

jay

[ozz112]

We might have indeed seen the MOASS

Stox says MOASS over....lol...sorry guys...maybe it happened when you guys spiked up to 5 cents

[risk54]

I would like to humbly dis-agree with our good friend stoxmagic.
Although there are no guarantees I believe we will get our squeeze.

How large will it be is anyones guess, but I can't see SM letting the criminals who tried to destroy his company off the hook that easily.

Time will tell.........

[alien42]

the SEC had to get a subpoena in order to gather information that SPNG was not voluntarily giving them. for you to suggest repeatedly that SPNG management was reaching out to the SEC is 100% false and not supported by written facts from the SEC.

the only fantasy is that which you continue to support and preach.

[Mingy]

Our coming trading week holding great promise for a return to being OTCBB quoted. A flood of PR's and filings, etc. to follow. Market level soaring. Retail and institutional level monies flooding understandably in as the numbers prove up. As the big picture emerges in full.

Did we get OTCBB quote yet? Saturday, December 12, 2009 9:21:20 PM