Replies to post #326424 on Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

A loss incurred by illegal activity, and the failure of the regulatory authorities to prevent that activity?

and SEC is suppose to read Mosky and metters minds when they filed false sec reports?

why didn't the share holders turn the crooks in .. the naysayers have been telling everyone they were crooks since the start
the red flags, truth and facts were all over the place .. instead .. soapy and his crew ruled the spng dream - with massive share holders support

I believe it was also the NSS fault too? according to most!

[patchman]

Jay, you really don't get it do you.

People lose money to cons in this market every day. Like a police force can not stop every robbery or murder before it happens so too is the case with regulators. The SEC investigate crimes that have been committed, they don't stop crimes before they are committed. With regards to Spongetech, the SEC stepped in many months ago (September) and warned shareholders. The fact that you did not listen to them is not their fault, it is yours and it would be nice if you took responsibility for that.

The signs that Spongetech was a con was as bright and glaring as it possibly could get. Penny stocks are a high enough risk to begin with and investors are warned about how ripe they are for cons by the SEC. Investors who don't even understand the markets, how they operate, or have the intelligence to research properly the materials should not be investing in the highest risk area but they do. These are the same type fools that sign a petition as "anonymous" and think they are going to be taken seriously.