Replies to post #294596 on Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

Do you think Pike thought the pps would go above 0.10 after the wells notice. If he did you are correct he is a stuck.

I don't know what pike was thinking

but I believe 3/4 of the board here thought the PPS would go up after the suspension - so many have said so! .. have you been reading the board ?

my opinion has always been

if you buy pennies for long position

its suicide

and if you average down on a penny

its double suicide .. you take your best friend with you - because you probably recommend the stock to him

[puppydotcom]

and this is why some people average down .. some believe any thing
------------------------

this mike guy is so wrong and so misleading .. plus he has no idea what he is talking about ...
for one, spng has not been sanctioned .. yet
----------------------

Spongetech Still Standing! (SPNG) bent but not broken!

By Mike the salesman

They weathered the first storm and they are still standing!

I put Spongetech back on buy notice. I feel this stock is poised to make some money for some brave souls. It has been under heavy fire .. class action law suits, SEC investigations and claims of fraud. This story sounds familiar to me. Last time a company went thru this, I made a lot of money on the stock. The stock was Birmingham based HealthSouth.


The two scenarios are very similar. Both had huge growth and great press. Both received SEC sanctions. Both were sued in a class action suit. HealthSouth's ceo went to prison.So far ,no word on Spongetechs.The price went down to the 2 cent range on both. Then, I bought.


The reason I still like Spongetech, is the same reason I loaded up on HealthSouth in the low penny range. The fundamental company is great. The leadership may be poor, butas was with HealthSouth, the marketing and product are strong.


Sponge Bob children's sponge, made by Spongetech, is the leading childern's seller on Amazon.com.

There car was sponges are selling briskly. They have signed marketing agreements with 3 major sports teams in the last month.



We may see a buy out, new management or a merger..but I believe they will not only survive, but prosper. Some brave souls willing to take a chance may be soaking in money, like a sponge!.



As always do your own due diligence..Happy Trading!

http://hubpages.com/hub/A-super-penny-stock-Spongetech--symbol-spng--Make-lots-of-money-fast