Replies to post #272974 on Spongetech Delivery Systems Inc (fka SPNGQ)

[nicknick]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41246900

lmao

[BikerBob]

What a Bunch of BULL.
And you know this HOW????????????????
Nothing's been PR and no SEC reports or FINRA news.
Oh you must be on their speed dial, right.
Or was it a little birdie??

You must have the 10K??
IMO

[finta]

"The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. "

This is great news DL. Can you tell SPNG to announce such great news that you are aware of. Did you get a letter from Finra and the SEC that investigation is over? Wait I thought this investigation was over 6 weeks ago. How many times will this investigation be over before it is really over with?

[puppydotcom]

The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay.

and

Finra cannot delay forever, they must grant the 211.



I don't believe wishing and hoping .. will make the SEC investigation go away .. and FINRA has no paper work on file from any market maker for spongy's 211

end of fantasy!

[alien42]

The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay.

that is either just made up or someone has insider information.

based on posting history, i am going with completely made up.


Finra cannot delay forever, they must grant the 211.

there has been no 211 filed or we would all have access to it.


the incredibly focused, savvy and intelligent management team that is currently in charge.

lol, they are scammers who are not even able to keep their stock listed on an exchange but instead have allowed this garbage to end up on the Grey Sheets.

[gortclatu]

100,000STORES-$10./DAY-300DAYS=300MILLION SALES NOW--------WE GO UP BIG

[Our-Street]

Your post is totally incorrect and is more like a malicious attempt to mislead people on this board. Your statement:

The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay.

Is an outright lie. It is based upon nothing but wishful thinking or, more likely, you know it couldn't possibly be true.

The suggesting that FINRA would conspire with individual investors or investor groups and alter their actions regarding processing a Form 15c2-11 is preposterous at best. To suggest that a 211 has even been submitted when current audited financial statements as well as being current in one's filings are a prerequisite to submitting the form demonstrates even further your lack of knowledge or, more likely, your willingness to intentionally fabricate information.

It's one thing to post an opinion that is way off base but to post as fact things that are so untrue is simply wrong.

[fourkids_9pets]

until the sec and finra self impose
where they prostitute themselves out to
on wall street .. this *conflict* will
never change .. the entire system sux
and it's why i treat every stock ..
regardless of where it *trades* as
legalized gambling .. i'm just very
grateful that spongetech's mgmt wouldn't
roll over and play dead for these corrupt
sobs

thanks for the post

--
4kids
all jmo

[zomniac]

Do you still hold 4,750,000 shares ?
I hope you locked in profit and are riding free by now.

[pantherj]

Not one word of truth in that entire post, DL. First, you have know way of knowing whether the SEC or FINRA has concluded the investigations. Indeed, you have no way of knowing how many other alphabet agencies are involved and exactly how much progress has been made in those investigations. FINRA is under no compunction to grant any company a 211 and, in fact, SPNG has not applied to any MM for a 211.

Time is marching on, DL; marching towards revocation where all investment will be instantly lost. Nothing can stop it except SPNG filing everything as demanded by law. IMO, that won't happen ...ever.

[hasher]

We are at a critical stage in the development of the company. The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. The problem is with FINRA. They know from talks with their "friends", the large investment houses, the broker daalers and the MM's that the monetary costs to the shorts is going to be quite substantial. There response of course is to delay the formal granting of the 211 in order to give their "friends" time to accumulate the capital that will be required when the party starts.

This statement is as full of unsubstantiated fantasy as anything ever posted here. SPNG may never find an MM to do the 211 process and any reference to "monetary costs to the shorts" is laughable.
Face it. The stock has no short problem. Still, this will always be the go to excuse for SPNG's poor performance and is meant to strictly cater to the MOASS theorists. It has never happened on the pinks/BB and it will not happen with SPNG> Ever..

[Rav4James]

Now thats nice!

SPNG....Gooooooooooooooooooooooooooooooooo!

[realfast95]

With all due respect, the SEC investigation can't be over yet.

The order of events should be IMO.

SEC completes investigation with no further SPNG action required.
This means the 10K from 5/31/2008 accepted.

SPNG files the 5/31/2009 10K
SPNG files the 8/30/09 10Q
SPNG gets the market maker to apply for the OTC or SPNG begins trading as an official pink without caveat warning

[awesomebummer]

Thanks for update.


Long here. Appreciate your encouraging comments. But this: "What they grossly underestimated with this company is the incredibly focused, savvy and intelligent management team that is currently in charge."

Question: That would be the same "intelligent management team" that wanted to R/S this stock, giving us 1 share for each 100 shares, to get to the NASDAQ before releasing the audited financials, and failing to file a number of requisite forms for most of calendar 2009?

I'll grant you "savvy."


'Bummer.

[xDREWx]

Hi DarkLady,

The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. The problem is with FINRA. They know from talks with their "friends", the large investment houses, the broker daalers and the MM's that the monetary costs to the shorts is going to be quite substantial. There response of course is to delay the formal granting of the 211 in order to give their "friends" time to accumulate the capital that will be required when the party starts.

Could you please explain exactly how you've come to believe this? Put it in context for everyone. Explain how you have come upon this incredible insider information.

Take this to heart:

"Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime"

[TEX]

The problem is with FINRA. They know from talks with their "friends", the large investment houses, the broker daalers and the MM's that the monetary costs to the shorts is going to be quite substantial. There response of course is to delay the formal granting of the 211 in order to give their "friends" time to accumulate the capital that will be required when the party starts.

All on board who are strong longs, in my opinion, should relax, remain focused, and realize what is coming. Finra cannot delay forever, they must grant the 211.

[TEX]

The problem is with FINRA.

Finra cannot delay forever, they must grant the 211.

Anyone can call and ask about Form 211 apps.

No, FINRA doesn't have to approve it--in fact, it's up to the sponsoring MM to satisfy FINRA during the review process.

[ozz112]

There is not one prediction from all of this person's posting history that has come true. I sincerely hope that people are not putting their trust and money in the hopes of a string of empty promises and predictions. The reality is Robison refused to sign off on the 10K and it has remained sitting on Moskie's desk for at least 3 months. It will remain there indefinitely. Due to the lengthy silence from the SEC and background chatter, it is likely the DOJ has essentially taken over the case from here and they will in turn dismantle the 3 Moskiteers as the class action dismantles SPNG, leaving shareholders with nothing but an OBVIOUS string of lies and deception. One must only look as far as the fake customers they made up and the absolute non-existance of them to determine their course of action. IF there even was a significant short position in this stock, which there isn't, the shorts will never have to cover because SPNG has committed massive fraud. If you think for one second, that shorts will cover or anything will come good from your investment if fraud has occurred here, then you are unfortunately mistaken. Good luck, nonetheless.

[spit432]

Link to Dark Lady's post, and also, I would like some additional information on this thesis regarding FINRA. Doesn't the SEC keep tabs on such an organization? Wouldn't laws be being broken if they are holding up the filing of the 10K in support of illegal naked short sellers? I will look into your claim...but your theory brings up more questions. It's still unclear how either the SEC or FINRA will explain their actions if they are doing anything to allow the illegal NSS a way out of their mess. For them to get out of their mess they must do so on the loss of investors. Those investors taking a loss to allow the NSS out from under all of their short shares would have a legitimate complaint against the SEC or FINRA. I cannot see how any government agency can justify such actions without taking on liability. The only legal way and ethical way out of this situation is to allow a short squeeze to occur and the short sellers to pay for the shares to cover their shorts in a normal and fair trading system. Any artificial and unfair trading system which allows the shorts to cover for less than they would in a fair trading system must necessarily cause someone blameless for this situation to take a loss unfairly....and ultimately would have justification to bring suit against whoever allowed the unfair trading system to continue.

[Kgem]

Hi DarkLady

Thank you for posting your take on our current situation. Do you have any idea when FINRA might finally allow SPNG to trade normally, return to BB status, or even submit a public response to shareholders? We like hearing from you DarkLady, so don't be a stranger.

Kgem

[timetomakemoney]

So How do you feel now? Were you dumping shares when you wrote the following?

Hi Guys,

We are at a critical stage in the development of the company. The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. The problem is with FINRA. They know from talks with their "friends", the large investment houses, the broker daalers and the MM's that the monetary costs to the shorts is going to be quite substantial. There response of course is to delay the formal granting of the 211 in order to give their "friends" time to accumulate the capital that will be required when the party starts.

All on board who are strong longs, in my opinion, should relax, remain focused, and realize what is coming. Finra cannot delay forever, they must grant the 211.

The shorts of course, want us to simply go away, to fold up, close shop, go out of business so they don't have to cover the incredible short position they now have.

What they grossly underestimated with this company is the incredibly focused, savvy and intelligent management team that is currently in charge. They have brought the company to its current state of experiencing exponentially incrreasing sales and revenues. They have vertially integreated the company with a hugely potentially profitable company called Dicon. They are developing new products and seeking out new compatibilities, partners in terms of marketing associations. We should see revenues in excess of 300 million for the coming year.

So, all of you who are long and strong, stay focused, determined and unafraid. Take the slams and smile, the force is with us.

Take Cara,

DarkLady

[Mengo80]

DarkLady,

Good call, "SEC found nothing wrong" but we get a Wells Notice. LOL!

Stox,

Thanks for saying "numbers just need to be restated" only to backtrack and say they will be adjusted because the MM brothers got a little "aggressive with accounting".

Oh man, you two are something else.

I still believe the "company" will be fine, but man, have you both been a litttttttttle far off.

[overachiever]

We are at a critical stage in the development of the company. The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay.

You obviously just made that all up out of thin air. No wonder everyone who read this board and believed the lies posted by the promoters have lost nearly all of their money

[alien42]

We are at a critical stage in the development of the company. The SEC and FINRA have completed their investigation and have found nothing substantial to cause any further delay. The problem is with FINRA.

has FINRA been mentioned in the any of the legal actions against the SPNG crooks yet?