Replies to post #331350 on Spongetech Delivery Systems Inc (fka SPNGQ)

[underdog150]

LMAO DP
From: Dan Pike <[e-mail]> To: David Pilon <[e-mail]> Sent: Mon, October 18, 2010 3:42:01 PM Subject: RE: Value
Your exchange with Steven below is so absurd I cant even dignify it with a response. Steven, as the world knows, is a complete fraud and a criminal who has ruined literally hundreds if not thousands of lives. The notion that somehow I wanted SPNG dead given that I had bet my fund on it is just absurd. The company would be alive and well if anything Steven ever said was honest, but none of it was. I will await to see what happens in Ch11, but have essentially moved on with my life.

[Risicare]

From the message below do you think that Wayne Celia's robots have taken control of him along with Dicon?


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From: Dan Pike <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 3:42:01 PM
Subject: RE: Value

Your exchange with Steven below is so absurd I cant even dignify
it with a response. Steven, as the world knows, is a complete
fraud and a criminal who has ruined literally hundreds if not
thousands of lives. The notion that somehow I wanted SPNG dead
given that I had bet my fund on it is just absurd. The company
would be alive and well if anything Steven ever said was honest,
but none of it was. I will await to see what happens in Ch11, but
have essentially moved on with my life.

Good luck

[MorningLightMountain]

From: Dan Pike <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 6:18:18 PM
Subject: RE: Value

David, I appreciate your passion. And if there was something
rational to do, I would do it, but while I think the product was
real, the company was a complete fraud, and I do not believe any
value can be recovered for equity holders from the former SPNG.
This is a view shared by the US trustee, someone I very much respect.

[pantherj]

Turns out the "smart money" wasn't so smart. Too funny!!

[xDREWx]

Thank you DP. Unbelievable - maybe - but it seems like there might be one normal rational human being in the SPNG saga... Dan Pike. I should take his advice concerning dignifying responses, but I just wanted to take the time to thank you for that.

[panglozz]

Chapter 7 and Chapter 11

A hedge fund manager specializing in distressed equities should know the difference between Chapter 7 -- Liquidation and Chapter 11 -- Re-Organization.

The purported emails that conflate these two distinct Bankruptcy sections is troubling. If Pike is managing other peoples money he is showing a casual ignorance that is beyond troubling.

[madeindet]

Is it true Dan pike put 16 million into SPNG, odd 15 million was wired to Hungary from CSTI from the "unnamed panamanians"


DATES ARE KEY APRIL THRU SEPT 2009, when did PIKE go on a buying spree???

33. Between April and September 2009, these six Canaccord clients received in share certificates for a total of 194 million shares of an OTCBB company, Spongetech Delivery Systems Inc. ("Spongetech"). There were 12 deposits that accounted for all 194 million shares. Almost immediately after they were deposited to the accounts at Canaccord, these shares were then sold for proceeds of just over $15 million (USD). The sale proceeds were then wired to bank accounts in Hungary. Canaccord approved the deposit of the share certificates and the outgoing wire transfers

Can you imagine what type of Emmy award he would win for his acting if he was somehow involved with these 6 Panamanians? Could he fool the trustee, the judge, Moskowitz .and others??

Sure doesn't sound like someone who lost $16 million??????

JMO




does anyone have proof that pike is still holding the $16 million investment? That he never sold a single share??? has anyone investigated his trading records on and offshore??

He claims he's moved on, has anyone looked into this?? Lots of contradiction



1st E-MAIL from DANIEL PIKE: SpongeTech makes him sound fishy (to say the least)

I would not be happy either if I was Mr. Moskowitz:
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From: David Pilon <[e-mail]>
To: [e-mail]
Sent: Mon, October 18, 2010 6:44:05 PM
Subject: Re: Value

You sound like you just learned that a minute ago! (while it has
been known for a week now). You really don't sound like someone
who put $16 million dollars of his fund partners' money into
SpongeTech!

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From: Dan Pike <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 6:36:24 PM
Subject: RE: Value

My lawyer just spoke to Ken Silverman, there is no SpongeTech
purchase, its going into Ch11, and then whatever assets there
are, will be auctioned off, I guess

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From: David Pilon [mailto:[e-mail]]
Sent: Monday, October 18, 2010 5:51 PM
To: Dan Pike
Subject: Re: Value

Mr. Pike,

You didn't answer my question (You just took a shot at Mr. Moskowitz)

I asked you: "Is your fund participating in the possible
SpongeTech purchase"

What is your answer?


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From: Dan Pike <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 3:42:01 PM
Subject: RE: Value

Your exchange with Steven below is so absurd I cant even dignify
it with a response. Steven, as the world knows, is a complete
fraud and a criminal who has ruined literally hundreds if not
thousands of lives. The notion that somehow I wanted SPNG dead
given that I had bet my fund on it is just absurd. The company
would be alive and well if anything Steven ever said was honest,
but none of it was. I will await to see what happens in Ch11, but
have essentially moved on with my life.

Good luck

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From: David Pilon [mailto:[e-mail]]
Sent: Monday, October 18, 2010 3:31 PM
To: Dan Pike
Subject: Fw: Value

Hi Mr. Pike,

Is your fund participating in the possible SpongeTech purchase,
or you never want to hear about them ever again?

See below for more details.

Regards,
David Pilon (a SpongeTech shareholder)

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From: steven moskowitz <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 11:24:20 AM
Subject: Re: Value

Yes its 4 months since july
Sent from my Verizon Wireless BlackBerry

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From: David Pilon <[e-mail]>
Date: Mon, 18 Oct 2010 15:13:19
To: <[e-mail]>
Subject: Re: Value

You heard him indicate he wanted SpongeTech dead, you say you
tought it seemed odd, but you let the weeks pass and... followed
his advice? (which you now say were "misleading"). You make no sense.

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From: steven moskowitz <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 10:50:34 AM
Subject: Re: Value

None he just wanted it dead which seemed odd if he really bought
all that stock
Sent from my Verizon Wireless BlackBerry

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From: David Pilon <[e-mail] >
Date: Mon, 18 Oct 2010 14:43:22
To: <[e-mail] >
Subject: Re: Value

During those weeks, what solution was Pike promoting/pushing
instead of your solution to go with a CRO?

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From: steven moskowitz <[e-mail] >
To: David Pilon <[e-mail] >
Sent: Mon, October 18, 2010 10:23:56 AM
Subject: Re: Value

From combining the bankrubcty and putting in a cro instead of
trustee strong me along for weeks till it was so late we couldn't
find anyone else and was to late to combined bankrubcty we never
should of been here
Sent from my Verizon Wireless BlackBerry

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From: David Pilon <[e-mail] >
Date: Mon, 18 Oct 2010 14:17:32
To: <[e-mail] >
Subject: Re: Value

What did he stop you from doing?

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From: steven moskowitz <[e-mail] >
To: David Pilon <[e-mail] >
Sent: Mon, October 18, 2010 9:58:06 AM
Subject: Re: Value

I don't speak to him after he misled me in june and screwed up my plan
ask pike ask if he is buying it if he is be careful.
Sent from my Verizon Wireless BlackBerry

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From: David Pilon <[e-mail] >
Date: Mon, 18 Oct 2010 13:28:39
To: <[e-mail] >
Subject: Re: Value

Mr. Moskowitz, is Pike out of the picture to buy SpongeTech?

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From: steven moskowitz <[e-mail] >
To: David Pilon <[e-mail] >
Sent: Sun, October 17, 2010 4:27:48 PM
Subject: Re: Value

All assets that's why people get such buys in bankrubcty
Sent from my Verizon Wireless BlackBerry

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From: David Pilon <[e-mail] >
Date: Sun, 17 Oct 2010 20:26:00
To: <[e-mail] >
Subject: Re: Value

So with 100k, we can get "all assets" and that includes the 300k
at Grey Investments?! I don't get you logic. What is included in
"all assets" when you say "all assets"?

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From: steven moskowitz <[e-mail] >
To: David Pilon <[e-mail] >
Sent: Sun, October 17, 2010 4:14:48 PM
Subject: Re: Value

No that's for all assets
Sent from my Verizon Wireless BlackBerry

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=100008&tid=261358&mid=261358&tof=18&frt=1#261358

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From: David Pilon <[e-mail]>
To: [e-mail]
Sent: Mon, October 18, 2010 6:37:12 PM
Subject: Fw: Value

Mr. Pike, can you please comment on this? (see below, e-mail by
Mr. Moskowitz)

I think your statement that "the company was a complete fraud"
shows that you do NOT want it to survive, while at the same time
YOU (and Mr. Furth) are ABSOLUTELY able to keep it alive.

You can say what Mr. Moskowitz says his "absurd" all you want,
but you will NEVER be able to deny you can do something.

As per the two wire transfers you agreed and backed out with Mr.
Moskowitz right after July 4... what do you think that shows?


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From: steven moskowitz <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 6:28:54 PM
Subject: Re: Value

Wrong they both never ran a business so they don't know value
Sent from my Verizon Wireless BlackBerry


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From: David Pilon <[e-mail]>
Date: Mon, 18 Oct 2010 22:26:26
To: <[e-mail]>
Subject: Fw: Value

Rationally speaking, he, and US Trustee are correct right? (see
below) That company called SpongeTech, that you founded, and that
made it to #1 in SportsBusiness Journal, and checkout aisle in
Walmart... it has no chance, correct? (rationally speaking)
(since Silverman won't sell anything to you, and Pike don't move)
(and Doug Furth don't move either) (I have an e-mail from Furth
dated today saying that)


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From: Dan Pike <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 6:18:18 PM
Subject: RE: Value

David, I appreciate your passion. And if there was something
rational to do, I would do it, but while I think the product was
real, the company was a complete fraud, and I do not believe any
value can be recovered for equity holders from the former SPNG.
This is a view shared by the US trustee, someone I very much respect.


----------------
From: David Pilon [mailto:[e-mail]]
Sent: Monday, October 18, 2010 4:24 PM
To: Dan Pike
Subject: Re: Value

Mr. Pike,

Thank you for your reply. Let's forget Mr. Moskowitz for a
moment.

If it's true that you have put approx $16 million of your fund on
it, how in the world can you just be "moving on with your life"
and just "waiting to see what happens" and do basically nothing?
I really don't get it. You just sold for millions in PARL
shares, and you very well know that your SPNG shares can get back
to a much better price if you do something to keep them intact,
not wiped out.

Please explain the logic behind your "do nothing/move on with
life" thinking.
...

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From: steven moskowitz <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 7:02:15 PM
Subject: Re: Value

I will do more then that
Sent from my Verizon Wireless BlackBerry


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From: David Pilon <[e-mail]>
Date: Mon, 18 Oct 2010 22:58:44
To: <[e-mail]>
Subject: Re: Value

Problem is: I asked him to clarify, but didn't get a reply yet,
so I don't know if his "I didn't" reply means:

A) That he didn't promise to wire,
or
B) If it means that he did promise but he didn't back out of the deal.

So, if you show me an e-mail confirming he promised, then I will
have to ask him to show me a report showing that the wire did go
through (because there is no technically valid way you can prove
me that there was no wire that went through).


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From: steven moskowitz <[e-mail]>
To: David Pilon <[e-mail]>
Sent: Mon, October 18, 2010 6:51:19 PM
Subject: Re: Value

Tomorrow I will search for e mail show you he is liar
Sent from my Verizon Wireless BlackBerry


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From: David Pilon <[e-mail] <mailto:[e-mail]> >
Date: Mon, 18 Oct 2010 22:45:41
To: <[e-mail] <mailto:[e-mail]> >
Subject: Fw: Value

He says he didn't...


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From: Dan Pike <[e-mail] <mailto:[e-mail]> >
To: David Pilon <[e-mail] <mailto:[e-mail]> >
Sent: Mon, October 18, 2010 6:38:16 PM
Subject: RE: Value

I didn't. Good luck David


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From: David Pilon [mailto:[e-mail] <mailto:[e-mail]> ]
Sent: Monday, October 18, 2010 6:10 PM
To: Dan Pike
Subject: Fw: Value

Mr. Pike, please see below, Mr. Moskowitz says you promised a
wire transfer around July 4. Why did you back out of this agreement?


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From: steven moskowitz <[e-mail] <mailto:[e-mail]> >
To: David Pilon <[e-mail] <mailto:[e-mail]> >
Sent: Mon, October 18, 2010 11:13:37 AM
Subject: Re: Value

Yes right after july 4th weekend he even told me wire was coming
wanted no one get better deal then his note even though he backed
out I told you there are more one story about spongetech there
are thousands
Sent from my Verizon Wireless BlackBerry
...

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From: steven moskowitz <[e-mail]>
To: [e-mail]
Sent: Mon, October 18, 2010 5:43:01 PM
Subject: RE: Value

he didnt answer the question just took shot at me he should
answer question why he didnt live up to his agreement

Thank you,

Steven Y Moskowitz

COO
Spongetech Delivery System Inc.
10 WEST 33RD STREET Suite 518
New York NY, 10001
Tele: 212-695-7850 ext: 210
Fax: [phone]
Cell: 917-685-4958
[e-mail]
www.spongetech.com


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Date: Mon, 18 Oct 2010 14:37:20 -0700
From: [e-mail]
Subject: Fw: Value
To: [e-mail]

Sorry, I used the wrong e-mail address...


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From: David Pilon <[e-mail]>
To: [e-mail]
Sent: Mon, October 18, 2010 5:32:17 PM
Subject: Fw: Value

Mr. Moskowitz, while I'm waiting for Mr. Pike's reply to my
reply, I would like to bring to your attention that his initial
reply however contains pretty drastic statements about you don't
you think?


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From: David Pilon <[e-mail]>
To: [e-mail]
Sent: Mon, October 18, 2010 4:23:54 PM
Subject: Re: Value

Mr. Pike,

Thank you for your reply. Let's forget Mr. Moskowitz for a moment.

If it's true that you have put approx $16 million of your fund on
it, how in the world can you just be "moving on with your life"
and just "waiting to see what happens" and do basically nothing?
I really don't get it. You just sold for millions in PARL
shares, and you very well know that your SPNG shares can get back
to a much better price if you do something to keep them intact,
not wiped out.

Please explain the logic behind your "do nothing/move on with
life" thinking.
...