Replies to post #311056 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[lucky, mydog]

As I see it Spongetech is banking on secondary gains by filing the lawsuit now , because any hopes for primary gains of a victory will fail as argued above

which is why the sec needs to act immediately. they need to issue a new 10 day suspension monday morning in order to stop the impending crime spree. they also need to move immediately on revoking the registration. finally, they need to make a recommendation to the justice department for criminal prosecution.

[ozz112]

The suit is not intended to go to court, obviously. Thanks for your write-up seabiscuit. Did those battery makers ever redeem themselves?

[Christy from Google]

Nice post!!!! Connecting Patch, Timmy and Terry to the NY Post will be impossible. At the very least, 90% of the NY Post's accounts are accurate.

Put M&M on the stand to explain the Wells Notice, and the POST (and their deep pockets) WALK.

[Objective One]

SPNG advocates should first understand the inappropriate timing of Spongetech's lawsuit .

Yep, they settled with the SEC and can now go after Patch and co. The TMING couldn't be more perfect.

[1jk1]

sb,so are you basically saying the guilty to proven innocent.My opinion this is alot more complicated then we all are seeing with multiple issues underlying with the sec/finra/nss/mm etc.A couple of things come in play for example we are talking about a PENNY STOCK TRADING ON THE GREY SHEETS,pike capital has 17 million $$ invested,Spongetech is sueing the post/defendants for a unheard amount in judgement to the tune of 129 million $.Now i agree that the financials should have been released and they should be in full compliance.But again i believe there are underlying circumstances that are out of spng hands.I believe we will see resolution/closure on this very shortly.I see the glass as half full.Btw did you read the lawsuit!!Spng has r&h and a new competent auditor to get the job done.TIA glta

[Risicare]

The obviously want to go down in flames rather than with a wimper. A sign of the end being near for sure. This suit is nothing but a bad joke. They did not even put the effort in to make it appear to have some sort of leg to stand on.

[simcad]

whats the share structure on SPNG ?? especially the float...

[TheBlueHotDog]

How can that be possible if, as it has been "proven", that spng is already at the AS ceiling? And they cannot sell restricted shares unless they are in full compliance.

[pantherj]

I 100% agree!