Replies to post #272011 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[underdog150]

Stox, most of the longs here are still waiting for your "early Christmas present" that you posted about in mid December.
You should really pick a year next time you post a prediction.
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[cowtown jay]

Hello, stox

Your response appreciated, as always. And proving, as well.

I hope you have enjoyed the holiday with your family, and that your mother has especially enjoyed this time in her new home.

Turn about being fair play. Critics having been able to look at the whole, and extrapolate that which suits their agenda, to compile massive studies to be used in their attack on the company. The same approach, with equally valid extrapolations, yielding an entirely opposite view, when approached from a positive perspective.

The best of all possible news being that the ongoing investigation is nearing completion. Speculation having been that to file and initiate a 211 would be more effective upon completion of the investigation. It seems to me, also, that it would be difficult to gain a 211 approval with an open investigation in progress. Many others know better than I as to what's required.

There is one thing I don't understand, and find very curious, stox. Generally speaking, a passive investor would report beneficial ownership on Form 13G. The filing of a Form 13D, however, is often filed by an activist investor, and looked upon as a signal of change. It could mean anything from a takeover attempt, on one extreme, to something more benign, such as an investor's attempt to get management to increase shareholder value. However, technically, these forms are used to report beneficial ownership of 5 - 20%. And Pike's recent accumulation took him just barely above the 20% mark. I don't know what to make of Pike's 20.1% ownership, or the change from 13G to 13D, in the reporting of Pike's holdings. I know the SEC doesn't necessarily view the use of these forms with the distinction I've characterized, but it it a common characterization.

http://www.investopedia.com/articles/stocks/07/13D.asp?partner=answers

jay