Replies to post #299760 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Virtual Drew]

My explanation is overextended investors continue to regret putting too much faith in inaccurate and inadequate publicly disseminated information concerning, among other things,
- the amount of sales and customer orders received by SpongeTech
- investment agreements entered into by SpongeTech
- SpongeTech’s revenues as reported in its financial statements.

Nothing's changed! SpongeTech still appears to be a scam, defended by overextended investors, with Pike most likely being one of them! Go read pantherj's explanation. That makes the most sense of all!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47246928

Essentially, norhing else matters until the SEC punishes or clears Spongetech, Metter and Moskowitz. YES! All three!
Until they do, the three items above are unanswered!!!

Where are all those customers?
Where are all the supportive purchase orders?
Where are all the shipping manifest to those overseas customers?
Where are all the invoices?
Where are all the Dicon agreements, transactions, and supportive documentation?
Where are all GFGU agreements, transactions, and supportive documentation?
Where is their $5M for FY08 from sponge sales?
Where is their $50M revenues for FY09 from sponge sales?
Where is their $70M for FY10's first quarter from sponge sales?
What's taking so long for them to re-audit $5M, $50M, and potentially $280M per annum?

Problem is, when SpongeTech released some "extraordinary" (innacurate and inadequate) press releases, they those numbers were somehow cooked in the SEC filings, overextended investors thought

"WOW! The SEC filings came in and must have checked out OK at the SEC!"

WRONG! SpongeTech was caught red-handed, and here these overextended investors sit!

GLTY (and whatever agenda you have)

I only wait for the answers to the above questions, and continue to remind those here--only these questions matter!
Not WalMart.
Not misinterpreted FINRA data.
Not loosely connected patents.
Not whatever any other positive spin can be construed by overextended investors!