Replies to post #271720 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[GoBucks66]

Hmmm, lets use some commone sense....use a website to verify info, or call directly to verify? I think I'll go with the later....

[OldTymer]

pantherj, I have a better suggestion...

Instead of jumping on me, why didn't YOU have a chat with the Delaware SOS like I just did? Even though the original question does not appear in their email back to me (it never does), I pointed out to them that according to their own site, SPNG still owes 187,171.13. I also told her that I spoke to Dot a short time ago and she told me that SPNG didn't owe any money. I asked her which was the case. Here is Mazie's response:


Below is a copy of your recent chat with a Delaware Division of Corporations representative. Thank you for visiting Corp.Delaware.gov.
General Info
Chat start time Dec 24, 2009 1:00:15 PM EST
Chat end time Dec 24, 2009 1:06:43 PM EST
Duration (actual chatting time) 00:06:27
Operator Mazie



Chat Transcript
info: Routing your chat request to a Corporations Franchise Tax Specialist. You are person 1 of 1 waiting to be served. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
info: You are now chatting with 'Mazie' with the Delaware Division of Corporations Franchise Tax Section.
Kirk: Hi Mazie!
Mazie: Hello, when you log back in to the annual franchise tax report filing for tax year 2008, the system will reset the tax back to the authorized shares method. You cannot view previously filed reports on the web site
Kirk: You mean I should log out, then log back in again?
Mazie: No, the system will not reflect the recalculation of the tax on the assumed par value capital method because the numbers used in the calculation are not public record
Kirk: Okay, so you're saying that Dot was correct, and that SPNG does not owe any more taxes for 2008?
Mazie: Yes, she was correct
Kirk: Okay, thank you very much!
Mazie: You're welcome
info: Your chat transcript will be sent to [e-mail] at the end of your chat.

[polsih1]

how about you enter the same information for 2009 and see whether or not they carried a balance or not? That would be to simple and most likely would not fit your agenda.

now, as far as VWAP, which time frame are you using, becasue alot of times I like to employ the vwap in the 5 and 15 minute time frame, and initiate trades from there. This of course would also include using a macd, RSI, and one of the many oscillator's, depending on which is my current favorite.
And, if the VWAP were to hit .036 as someone so brazenly asked yesterday, this would mean nothing more than the price has fallen well below its current support of .04, and it you were waiting for this indicator to tell you that, well, you are a little late to the ballgame.