Replies to post #300146 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Mingy]

...........Positive Signs!!!!!...............

We had the highest close in 3 months today, 5 cents.

The VWAP has been increasing almost every day for 2 weeks.

We’ve rallied 100% off the lows in feb.

Short volume has been increasing, yet failing to stop our advance, an extremely powerful sign.

Pike has increased its holdings by another 20 million shares.

It seems pretty obvious that we have secured a deal with Lysol. (YES OBVIOUS!!!! READ AND WEEP KIDS)
http://spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/

Spongetech added a tab on their website called “financials”. Something close perhaps????

How many people have either called FINRA or the SEC trying to call attention to the increasing of the short position? How many people have contacted at least 1 media outlet in an attempt to get them to cover the story? If one has done neither, and continues to be discontent with the current situation despite the positive signs, I encourage them to sell and move on to green pastures.

People need to realize, we provide nothing for the company, we are getting a free ride on their train. We are not providing capital for the company when we buy shares, the shares we bought are airshares, counterfeit, the money goes to the thieves who are selling airshares, not the company. I’m sure nothing would make MGMT happier than all those nagging them, to dump and move on.

http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=1&mn=0&dy=0&id=p06664801923
http://spngdd.com/2010/03/02/spongetech-lysol-kitchen-sponge-in-the-works/
http://www.sponget.com/v/vspfiles/press.asp

[abruzzese]

I share your frustration. Management’s treatment of shareholders has been despicable. Not sure if even the most ardent supporter would privately disagree. Shortly after the New Years Eve gift from SPNG, I asked family and friends to stop purchasing SpongeTech products. I don’t think that small action could possibly hurt SPNG, but it sure made me feel a lot better. I am pleased with the current increase in pps. It is giving me the opportunity to sell @ .04. That’s still a major loss, but it’s much better than .025. Do I blame SPNG for my losses? Absolutely not. The behavior exhibited by management is very common among penny stock companies. Although I should have known better, I became intrigued with the Viacom association and the products themselves. (The products work well imo). I’m responsible for losing my money (I know the deal with penny stocks), but I blame management for everything else. The list is quite lengthy. Management’s obsession with secrecy has severely hurt their shareholders. I’m assuming management is aware of this and is quite comfortable with keeping shareholders in the dark. They (management) are ever so careful not to reveal anything that would impact pps. ALL IMO