Posted by: Buckey Date: Tuesday, October 13, 2009 9:12:32 AM In reply to: TEX who wrote msg# 213634 Post # of 217624
I wonder if any were ever paid for. Many folks get so excited to land a big deal sometimes risk management is not so tight in terms ability to pay.
Its not like everything is paid up front or maybe not evena portion. I have no idea what terms are but they could be on 30 days or 60 days net.
They may have landed all these deals and never paid a cent and never intended to as all part of a short term scam. This may be why it was so different. whereas we see so many of these scams where they do not actually have an office or a product or real partners, SPNG hjad a product and ads we could see. If it all turns out to be a massive scam it was one of the better ones in terms of looking legit.
It's a mess not even one of its sponges could easily clean up.
SpongeTech Delivery Systems, a New York firm that makes soap-filled sponges, is the target of a nasty lawsuit from the Mets' Citi Field that alleges the company stiffed the ballpark out of $300,000 owed for stadium-related advertising by sending them a bum check and then promising a wire transfer that never came.
According to the lawsuit, SpongeTech agreed to pay Queens Ballpark Co., the Wilpon family controlled entity that runs Citi Field, $3.34 million in a three-year deal that included a sign on the club-level façade in left field, a sign on the outfield fence in right field and a panel on the rotating sign behind home plate.
I will give credit when it is due PSC moved HRAL 50% today onthe PSC pump BUT note They are paying others to pump also as I got two other paid pump emails on it.
They have a history of using a small existing business to create wild pump and dumps
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