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pantherj

07/18/10 3:32 PM

#326285 RE: berta #326284

There never was a company, berta. just a pump & dump scam that sold a few thousand dollars worth of a gimmick product.
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OldTymer

07/18/10 5:04 PM

#326296 RE: berta #326284

berta, what we got here, is a lack a communication...

"I just feel the company has been railroaded by the SEC"

How could the SEC railroad SPNG? The SEC had nothing to do with SPNG all these years. M&M railroaded SPNG. They were the people in charge. THEY did this to SPNG, not the SEC. The SEC only stepped in after they were notified by Pensley of possible certificate forgeries. From there, after investigating, which is what they are supposed to do (<--- hint hint!), did they find all the other crap. It wasn't SEC crap, it was SPNG crap. SPNG lied about almost everything they did. SPNG lied. Not the SEC.

Why can't you understand that the officers of the company are the ones who run it. They either run it honestly, or they run it like M&M did. The SEC railroaded the company? Holy Christ!
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puppydotcom

07/18/10 6:09 PM

#326305 RE: berta #326284

I just feel the company has been railroaded by the SEC and they should survive as a Company with NEW LEADERSHIP

explain to me .. just how the SEC railroaded the company?

the 2 crooks lied and stole everyone money in secret

they sold 2.3 BILLION share issued by phony opinion letters
also in secret

mosky raped and robbed every dime from Dicon after his arrest

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the sec suspended the stock

issued the wells notice

and now have sued them for securities fraud .. the company is insolvent and is a house of cards

the DOJ has arrested both of the insiders for fraud

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Teflon2Insults

05/15/16 9:50 PM

#346132 RE: berta #326284

Huh??? What company? What biz?

The one with a product that is essentially the same as several hundred available by many other manufacturers - and literally thousands of others that either failed or withdrew it from production - because it just simply all that wanted?

Of course they didn't have the SpongeBob connection. Oops - turned out SPNG didn't either - remember - that was actually a license that was never really made? (Would have taken money to complete - and wasn't really needed - like everything else in SPNG - just make believe for a while - and lie about the results).

Or maybe the one that didn't pay anyone...and since the product it did have cost more to make than they could sell it for - was a lusa even with no recognized expenses?

Of course you could mean the company whose product - well at least that which wasn't bought by Unkie driving around NJ - was left to linger on the close out shelf? (Who needs management - just give Unkie a bigger car...he can buy more).

No - you must mean the company that had all those sales to those great international 5 customers....OOOps, better not go down that road....like the "company" as something ever intended to be a biz - with a chance of making any money - they didn't exist.

What do you think - the "new" soon to be huge Co should get a storage house with a double garage door? That would be a step up from what it had doing all the biz previously. And you know....that left over inventory that no one wanted (because it cost more to move than it could be sold for) - well it could be put in the dumpsters so much faster with a double door. You would have to pay for the dumpster service though. Paying - not one of the SPNG strong points. Hey - have your new super execs use their salary to do so! Yup that the ticket. And thye can get paid by - selling stock...because there is a strong market for SPNG stock - You would buy more wouldn't you?

SPNFG WAS NEVER A BIZ...IT WASN'T INTENDED TO BE. ITS PRODUCT WAS STOCK IN THE COMPANY. Everything - including the stock - was for show.

Hey - here's an idea - why not have any of the many already existing well run, funded, connected, etc Cos on the HBA product market add this one to their portfolio of products? Just sell the rights to them...or maybe a license deal - thats it - get some $ for each unit they sell!!!!! They must have been lining up at the door to get a piece of the action....

Ya' think - just maybe - its because: Those same existing Cos with the good management you desire (and funding needed) in place already - know the product (and likely have it or something similar in their portfolio's already) and each and every one has no interest in marketing it, anything to do with another soap infused sponge --- because IT IS SHOWN TO BE - time and time again - A LUSA.

Or do you think it is that little issue with - SPNG has no actual anything (as concerns rights to produce) to sell....and certainly nothing to license?

You know - the things that Spongeables - the company that was it's competitor - with a very similar product - actually line of products.In the 2-3$ range. And look ta them now -- the desire for that product made them a huge Co (filling the SPNG void). Actually, that didn't happen...it is still a minor subsidiary of a private LLC - a nice little family biz - when one looks at its entire line of products.

SPNG and its product - as a business - was a complete failure in all ways.

As a fraud - it was a great success, in all ways. Probably because the one thing it had was good (maybe great) management.