Replies to post #286284 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[now invest]

Please provide a LEGAL finding.. that supports your exact claims!!

I have been unable to find any... It seems that such statements without legal findings are injurious to the company, shareholders and the officers of the company...

again... IF you have FINDINGS... not what one poster may think... please provide them...


Sorry.. but otherwise this is poor DD...

EVIDENCE does NOT equal FACT!!

[starfire]

Wrong, these were not the SEC words. Quit misleading people.

The SEC has laid claim to cooked books (fake sales revenues) and market manipulation (pump and dump). If the sales are fake, so all all the intended uses of the monies they never really received.

[Mingy]

If spongetech had fake sales revenues, where did they get the money for this??

SpongeTech Acquires Dicon Technologies
All cash deal valued at $4.45 million.
SpongeTech Delivery Systems, Inc. acquired Dicon Technologies (“Dicon”), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. SpongeTech acquired Dicon for $4.45 million in cash only.

Furthermore, if spongetech was a giant scam, why would MGMT be spending money to build the business??? According to the scam theory, wouldn't it make more sense if SM funneled money to RME which SM runs, and take the funds out of RME? Perhaps then leave the country? No, instead the money is being used to expand and improve the company.

Long and strong, excited for our day when we blow the naked shorts out and finally acchive a fair market price.

http://www.happi.com/news/2009/07/09/spongetech_acquires_dicon_technologies