Replies to post #318832 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[themanfromboston]

so after months and months of formal fraud investigations, both the SEC and the FBI/DOJ conclude that 99% of sales figures included in financial statements with the SEC by SPNG never existed and that the O/S is 3.0 billion instead of the 723 million or less claimed by Metter and Moskowitz

and

you want to find the evil naked shorters instead of pursuing the fraudsters that filed those fraudulent figures with the SEC and falsely claimed a share buyback while issuing billions of shares to themselves and related parties?

me thinks resolving the SPNG situation is not a long term solution. finding out who and where the counterfeit certs are being printed, getting them behind bars or devising a scheme to identify and obstruct counterfeit shares would be the right thing to do. Obviously some TAs are involved in these counterfeit trades!!!

[janice shell]

finding out who and where the counterfeit certs are being printed, getting them behind bars or devising a scheme to identify and obstruct counterfeit shares would be the right thing to do.

What on earth are you talking about? There are no counterfeit certs involved here.

Obviously some TAs are involved in these counterfeit trades!!!

Companies have only ONE TA.