Saturday, May 30, 2009

A Very Interesting Development in the Spongetech Case


A Very Interesting Development in the Spongetech Case.
I cannot go into details as of just yet,, but I got a phone call from someone of serious interest 
to us truth seekers.
I was not able to speak to this person when they called but I have made contact and I left a message telling this person
that I was indeed very interested in speaking with her.
This person and myself will speak on Monday.
I am very excited.

Friday, May 29, 2009

Yahoo Board Update


It would seem that the latest rumor on the Yahoo Message Board is that I am posting under the ID - lirbyj. This is just more completely false information. The Paid Pumpers are still trying to undermine my efforts. This is due to the fact that I am very effective in getting the truth out there.
Please remember, I will only be posting on Yahoo under the ID - realmoespeeks,
If I ever post on Yahoo again. 
They are a disgusting bunch of thieves. 
Absolutely zero morals.

Thank You - Moe Speeks

Thursday, May 28, 2009

Once Again I Am Forced to Defend Myself


Once Again I Am Forced to Defend Myself due to the fine people of the Yahoo Message Board.
First and Foremost, let me thank all my readers for your kind words and emails.
Once again I will state for the record that I am in no way involved with Moe.Speaks or Moe_Speeks.
They are impostors who are trying to ruin my reputation.
I am not a Nazi, nor have I ever been a Nazi.
The paid pumpers are a particularly nasty group of people. 
They are paid to rob you of your investment funds.
They will do anything and everything to discredit anyone who says anything even remotely negative about any stock.
I am not going to name any names, my readers know who the pumpers are.
They are the people who have no basis but to tell you to trust the 10q's, trust the PR's, 
call management they say and trust them, they blame the Naked Short Sellers.
Hell, management blames naked short sellers. that right there ought to tell you what is going on.
Any company's story can be read by one simple piece of information, it's chart.

I am not going to get all involved in this post. I do not have the energy at the moment.
All I will say is this -
If you wish to believe I am a horrible person, be my guest.
If you wish to read my posts which are filled with FACTS, and nothing but facts,  
I am more then certain you will come to the same conclusions that I have.
and that is - SPNG is nothing but a share selling machine. 
They are more concerned with selling shares to investors than they are with
selling sponges to customers. And the chart and PPS will bear that statement out.

Thank You - Moe Speeks

TO MY READERS


I understand you encouraging me to go on the Yahoo Boards and defend myself but I will not take part and lend credence to what is happening over there. I refuse to give those people any attention at all. 
I ask of my readers that they also refrain from engaging in this pointless banter.
ALL THOSE PEOPLE ARE TRYING TO DO IS TO DISCREDIT ME DUE TO THE FACT THAT I AM MAKING A DIFFERENCE WITH MY BLOG POSTS AS I EXPOSE THE FACTS OF SPONGETECH.

Thank You ,,, The Real Moe Speeks

READERS PLEASE BE AWARE!!!!!!!!!!


It has come to my attention that there are at least 2 individuals on the Yahoo Financial Message Board for Spongetech who are using phony ID's pretending to be me.
One is listed as Moe.Speaks and is trying to pump the company and the stock.
The other is listed as Moe_Speeks and is claiming that I hate Jews and that Adolf Hitler is my hero.
THIS IS ALL COMPLETELY FALSE INFORMATION.
I have no interest in Adolf Hitler.
The man was a maniac.
My only interest is in spreading the truth concerning Spongetech.
Please disregard any and all posts on the Yahoo Message Boards.
My original screen name on Yahoo was Moe.Speeks.
It is no longer active due to the efforts of the Pumpers. 
They somehow had me banned.
I WILL NOTIFY MY READERS OF MY NEW YAHOO SCREEN NAME BY WAY OF THIS BLOG WHEN I FEEL ALL THE HEAT AND HUBBUB HAS DIED AWAY.
UNTIL THAT TIME PLEASE DISREGARD ANY AND ALL MESSAGES ATTRIBUTED TO ME ON THE YAHOO BOARDS.
THANK YOU,,,, MOE SPEEKS

Wednesday, May 27, 2009

Some Facts about Spongetech that Must be Considered


On December 12, 2009 Spongetech Management raised the Authorized Shares to 1,305,000,000.
as noted in section F-16 of the 10q released on January 14, 2009 for the quarter ending November 30, 2008 -
Effective December 12, 2008, the Company’s Certificate of Incorporation was amended to increase its authorized capital to 1,305,000,000 shares consisting of 1,250,000,000 shares of common stock, par value $0.001, 40,000,000 shares of preferred stock, par value $0.001, and 15,000,000 shares of Class B Stock, par value $0.001.

On March 5, 2009 Spongetech Management issued a Press Release that in part stated -
We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.

On March 10, 2009 Spongetech Management raised the Authorized Shares to 1,555,000,000.
as noted in this 8-k release -
Effective March 10, 2009, Spongetech Delivery Systems, Inc. (the “Company”) amended its Certificate of Incorporation to increase its authorized capital from 1,305,000,000 to 1,555,000,000 consisting of 1,500,000,000 shares of Common Stock having a par value of $0.001 per share, 15,000,000 shares of Class B Stock having a par value of $0.001 per share, and 40,000,000 shares of Preferred Stock having a par value of $0.001 per share

On April 13, 2009 Spongetech Management raised the Authorized Shares to 1,860,000,000.
as noted in this 8-k release -
Effective April 13, 2009, Spongetech Delivery Systems, Inc. (the “Company”) amended its Certificate of Incorporation to increase its authorized capital from 1,555,000,000 shares to 1,860,000,000 shares consisting of 1,800,000,000 shares of Common Stock having a par value of $0.001 per share, 20,000,000 shares of Class B Stock having a par value of $0.001 per share, and 40,000,000 shares of Preferred Stock having a par value of $0.001 per share

On April 23, 2009 Spongetech Management issued a Press Release that in part stated- 
 is pleased to announce that the Company has signed a Letter of Intent ("LOI") with a bank credit facility for a $5 Million accounts receivable financing. As proposed, the financing would provide the Company with accelerated liquidity for working capital based on the amount of SpongeTech®'s qualified accounts receivable and inventory. Final execution of a definitive agreement with regards to the credit facility is subject to completion of due diligence and negotiation of definitive loan documentation, among other things.

On May 19th, 2009 Spongetech Management raised the Authorized Shares to 2,060,000,000.
as noted in this 8-k release -
Effective May 19, 2009, Spongetech Delivery Systems, Inc. (the “Company”) amended its Certificate of Incorporation to increase its authorized capital from 1,860,000,000 shares to 2,060,000,000 shares consisting of 2,000,000,000 shares of Common Stock having a par value of $0.001 per share, 20,000,000 shares of Class B Stock having a par value of $0.001 per share, and 40,000,000 shares of Preferred Stock having a par value of $0.001 per share.
The action had been approved on May 18, 2009 by Company stockholders holding a majority of the voting power by written consent in lieu of a meeting

MAYBE YOU HAPPENED TO NOTICE WHAT HAPPENED ON MAY 19TH OF 2009????????
THE PPS HIT IT'S PEAK,,,, AND BEGAN TO TANK!!!!!!!!!!!!!!!!

Some questions investors should ask themselves before investing their money in Spongetech -

1- Why does Spongetech Management feel the need to Raise the Authorized Shares EVERY MONTH when it's revenues are rising upwards of 1000% year over year?
2- Why is Spongetech Management unable to get a Line-of-Credit for it's Accounts Receivables when it's revenues are rising upwards of 1000% year over year?
3- Why does Spongetech Management feel the need to continue to borrow money for operations from RM Enterprises (which SPNG management owns) at a 40% discount when this does nothing but HURT SHAREHOLDER VALUE?
4- Why does Spongetech Management feel the need to continue to hide their actions behind a Gagged Transfer Agent?
5- WHY?

If any of my readers can answer these question I would love to hear from you.

Thank You,, Moe Speeks

EXCELLENT ARTICLE CONCERNING SPONGETECH


EXCELLENT ARTICLE CONCERNING SPONGETECH
PLEASE READ AND UNDERSTAND WHAT SPONGETECH IS ALL ABOUT

THE ARTICLE IS TITLED -

It's Important to Know Which Stocks Are True Pump and Dumps, Here's A List Starting With Spongetech (SPNG)

MUST READ -TARP The Greatest Swindle Ever Sold


MUST READ -TARP The Greatest Swindle Ever Sold
Excellent article about what our Government is doing to the Taxpayers

""What cannot be disputed, however, is the financial bailout's biggest loser: the American taxpayer. The US government, led by the Treasury Department, has done little, if anything, to maximize returns on its trillion-dollar, taxpayer-funded investment. So far, the bailout has favored rescued financial institutions by subsidizing their losses to the tune of $356 billion, shying away from much-needed management changes and--with the exception of the automakers--letting companies take taxpayer money without a coherent plan for how they might return to viability.""

Tuesday, May 26, 2009

Spongetech Raises Authorized Shares AGAIN!


It was only a matter of time -

"Effective May 19, 2009, Spongetech Delivery Systems, Inc. (the "Company") amended its Certificate of Incorporation to increase its authorized capital from 1,860,000,000 shares to 2,060,000,000 shares consisting of 2,000,000,000 shares of Common Stock having a par value of $0.001 per share, 20,000,000 shares of Class B Stock having a par value of $0.001 per share, and 40,000,000 shares of Preferred Stock having a par value of $0.001 per share.

The action had been approved on May 18, 2009 by Company stockholders holding a majority of the voting power by written consent in lieu of a meeting."

http://biz.yahoo.com/e/090526/spng.ob8-k.html

As you can see by viewing any SPNG chart, the PPS peaked for a split second on May 19th at 0.056 and then started it's decent,,,, once again. And let us not forget that 0.056 was our peak PPS last time on June 9, 2008. 
It would seem that 0.056 is a HUGE RESISTANCE for SPNG.
or maybe that is just the PPS that management likes to open the floodgates at.

I guess we can safely assume that the Bank Line-of-Credit we heard about on April 23, 2009 is a no-go.
"Final execution of a definitive agreement with regards to the credit facility is subject to completion of due diligence and negotiation of definitive loan documentation, among other things."

I bet it was the "among other things" clause that got us.
Of course I have no proof of this as Steven Moskowitz will no longer answer my email questions. I can only assume he does not like being quoted in the press.

So lets see, on May 18th 2009 the action to approve the A/S increase passed a vote and on May 19th 2009 the PPS started to TANK!!!!!!!!!!!
What a coincidence.
Damn the luck.

I am going to cut this post short and while you folks chew over these facts I will do some serious in-depth research on dates and figures and Press Releases and I will get back to you, my readers, in due time.

Thank You,,,Moe Speeks

Sunday, May 24, 2009

Friday, May 22, 2009

Help Make The Federal Reserve Transparent


Here is an excellent article from Zero-Hedge you all should read -

""And so it begins. Rep. Alan Grayson has distributed the letter below to all Democrats in the House and will use it to generate Democratic co-sponsorship for the HR1207 Bill, aka The Federal Reserve Transparency Act, allowing the GAO to audit the Federal Reserve, and also require a Fed report to Congress by the end of 2010.""

Please follow the links and sign the petition

http://action.firedoglake.com/page/s/Fed1207

Thursday, May 21, 2009

This is what we like to see, our tax dollars at work....


Maybe someday soon we will see these headlines about Spongetech

SEC Charges Eight Participants in Penny Stock Manipulation Ring

FOR IMMEDIATE RELEASE
2009-117

Washington, D.C., May 21, 2009 — The Securities and Exchange Commission has charged eight participants in a penny stock manipulation ring that allegedly pumped the market prices of at least four stocks and generated more than $6.2 million in illicit profits when they dumped shares on the market......

http://sec.gov/news/press/2009/2009-117.htm

Sunday, May 17, 2009

Quick Note To My Readers

I have received many many many emails thanking me for helping to keep things real concerning Spongetech. As a general rule I do not personally respond to emails that are sent to me. There are too many to respond to each and every one of them so I chose long ago to respond to none of them. This does not mean I do not appreciate your comments and suggestions. Please feel free to write to me with your thoughts and suggestions, for Spongetech and for other companies that need looked into.

As for Spongetech,,, I will say that I am not aware of any litigation that involves Spongetech.
I have always said that I feel that Spongetech is a real company with real products and SOME real sales, but also, with a very "poor" management. I believe these real sales are now starting to skyrocket. I also believe that the PPS is running so as to draw in new investors to start the cycle all over again. Please view SPNG's chart from last year at this general time. 
I do not believe that SPNG will ever be eligible for a NASDAQ listing without a Reverse Split.
I do not believe SPNG management wishes to be a NASDAQ listed company. That would very seriously interrupt the share structure game they have going.

Gagged T/A.
Bullshit "SPNG - NASDAQ" on their television commercial, (which was removed)
Super Secret buyers named,,,SA Trading, Dubai Export Import Co and US Asia Trading. (why the big secret still????)
Still no word on the Bank Line-of-Credit,, ( 30 days almost up on that self-imposed time limit.)
etc etc etc.....

People, just be aware. you can make some cash on trading this stock. But as long as the Transfer Agent is gagged, you have to assume the management is playing with the share structure and this is a very bad investment in my opinion.....

Thursday, May 14, 2009

Spongetech commercial corrected

I just wanted to give Spongetech it's due as this morning I saw that Spongetech's commercial that they run on CNBC no longer had the " SPNG - NASDAQ " on the screen.
Now it just said that it was a publicly traded company.
All I ask is for some truth in advertising,  and Spongetech delivered,,,,for once.
Now deliver me an up-to-date O/S count on a daily basis with an ungagged Transfer Agent and we may be on our way to respectability.
Thank You Steven Moskowitz for truth in advertising.

Wednesday, May 13, 2009

When did Spongetech become a NASDAQ Stock??????

Moskowitz and Metter got some balls on them.
I was watching CNBC, the Financial Propaganda News Channel and as usual I saw the Spongetech commercial trying to lure unsuspecting people into buying their crap.
And then I saw it,,,,,,,,,,, right there on the screen for the whole world to see.
it said - 
SPNG - NASDAQ
hahahahahahahahahahha
what a bunch of shit.
if that right there does not prove how deceitful and deceptive these two crooks are I do not know what does.
I have neither seen nor heard any Official announcement that SPNG.OB has been approved for NASDAQ.

On May 7, 2009 Spongetech issued a Press Release that in part read -
" announced today that its Board of Directors has voted to seek a listing for SpongeTech®'s common stock on the NASDAQ Capital Market. As part of this process, SpongeTech® will prepare and submit an application for a NASDAQ Capital Market listing."

So as of May 7, 2009 they had not even prepared nor submitted an application, but here we are less then a week later and they are advertising themselves as a NASDAQ company.
Damn, that was quick.

The NASDAQ is NOT going to accept a 2 cent penny stock....
The only shot in hell that Spongetech has of becoming a NASDAQ stock is when Management does a Reverse Split.
Which they have repeatedly said they will not.
But then again, Moskowitz repeatedly said he was going to lift the Gag Order on May 5th and he did not do that,,, so his word cannot be trusted.
What a bunch of thieves.
You folks can rest easy as I have sent another letter to the SEC pointing out this transgression.
As well as another letter to CNBC to let them know they are partaking in Fraud.

Saturday, May 9, 2009

More Spongetech Delivery Systems Inc. Discrepancy

On February 2, 2009 Spongetech issued a Press Release that states in no uncertain terms that the company's Issued and Outstanding shares were approximately 700,000,000.
"This leaves the company's shares, issued and outstanding, at approximately 700,000,000."
http://studio-5.financialcontent.com/ir/?Module=MediaViewer&GUID=7862813&Ticker=SPNG&Client=ir


On March 18, 2009 Spongetech issued a Press Release that once again states in no uncertain terms that the Issued and Outstanding shares are roughly 700,000,000, the same as they were on February 2nd, and that nothing of significance had occurred in the mean time.
"We noted on February 2 that there were roughly 700 million SPNG shares outstanding at that time. There have been no significant changes to date. All rumors to the contrary are unfounded and without merit."
http://studio-5.financialcontent.com/ir/?Module=MediaViewer&GUID=8302990&Ticker=SPNG&Client=ir

In Spongetech's most recent 10Q report for the quarter ending February 28, 2009 it clearly states on page F-2 under Balance Sheet - Liabilities and Stockholders' Equity - that the Issued and Outstanding share count on February 28, 2009 was 1,249,451,605
"Common stock, $0.001 par value, 1,250,000,000 shares authorized, 1,249,451,605 and 365,473,214 shares issued and outstanding at February 28, 2009 and May 31, 2008"
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6548765

Now whether or not this is an allowed accounting practice or just pure fraudulent, I do not know. For all we know Spongetech may have issued approximately 500,000,000 shares after February 2nd and then reacquired them before March 18th. (I fear we will never know since the Transfer Agent is still Gagged,, long after May 5th I might add.)

Maybe they consider issuing 500,000,000 shares as being of "no significant change"
I wonder what they do consider "significant"????????

What I do know is that it is my personal belief that this is most certainly deceptive.

As per Wikipedia -
Deception (also called beguilement, deceit, bluff, or subterfuge) is the act of convincing another to believe information that is not true, or not the whole truth as in certain types of half-truths.
http://en.wikipedia.org/wiki/Deception

As far as I am concerned this falls directly under the Fraud definition as stated on the FBI website for Securities Fraud concerning the word "deceptive"
" Securities fraud can be described as deceptive practices in the stock and commodity markets. Generally, securities fraud occurs when investors are enticed to part with their money based on untrue statements. "
http://sanfrancisco.fbi.gov/securitiesfraud.htm

Spongetech did roughly $5,000,000 in revenue with a profit of aprox. $1,200,000 for Fiscal Year 2008.
They are claiming they will do over $40,000,000 in revenue with a profit of aprox. $7,000,000 for Fiscal Year 2009.


AND YET THE PPS CONTINUES TO DROP LIKE A STONE WITH HUGE VOLUME AND A GAGGED TRANSFER AGENT... AND ALL THE WHILE MANAGEMENT BLAMES SHORT SELLERS.
WHAT IS THAT ALL ABOUT?
EITHER THERE IS A HUGE NAKED SHORT POSITION,,,WHICH IS ILLEGAL,,
OR ??????????? IS MANIPULATING THE PPS THRU SHARE MANIPULATION.(which is my guess by the way)


Who this person or persons is may never be known since Spongetech Management continues to hide it's actions behind a Gagged Transfer Agent.

I continue to ask myself, as well as asking management, why the need for a Gagged Transfer Agent.
WHY????????
I have been unable to answer this question to my satisfaction.

If any of my readers out there have the answer please feel free to educate me.

Thank You,,,Moe Speeks

Tuesday, May 5, 2009

Spongetech - Steven Moskowitz - and Fraud?


According to The FBI,
Securities fraud can be described as deceptive practices in the stock and commodity markets. Generally, securities fraud occurs when investors are enticed to part with their money based on untrue statements.
Securities Fraud is illegal.


On April 28, 2009, the below posted email exchange occured between a known associate of Moe Speeks and Steven Y Moskowitz, COO of Spongetech Delivery Systems Inc.

************************************************************************************************
From: steven moskowitz (symoskowitz@msn.com)
Sent: Tue 4/28/09 4:25 PM
To: ?????????@hotmail.com)

A WEEK FROM TODAY THE T/A WILL BE UNGAGED SO I WOULDN'T WASTE YOUR TIME OR MINE.


Thank you,

Steven Y Moskowitz

COOSpongetech Delivery System Inc.

43 WEST 33RD STREET Suite 600

New York NY, 10001

Tele: 212-695-7850 ext: 210

Fax: 212-594-4172 Cell: 917-685-4958






Subject: Steven I need your Help - PLEASE READ IMMEDIATELY!!!! THANK YOU

Date: Tue, 28 Apr 2009 12:54:01 -0600


Steven I need your Help.
I need you to contact the Transfer Agent and tell them that when I contact them they are allowed to answer all my questions and provide the needed numbers for the specific dates. ( you are still using Olde Monmouth Stock Transfer Co. Inc. right?)
My lawyer said this would be much easier and cost effective for me than having to go and get a subpoena and deal with all that jazz.
He also said that by doing this you would be showing good faith and cooperation,
let alone saving me cash in the form of lawyer fees.
And lets be honest, since I am saving money on lawyer fees, you actually will be saving money on lawyer fees.
So this will help both of us.
Anyways, please contact the Transfer Agent as soon as possible and tell them when ??????? ???????'s attorney contacts them they should provide all the asked for information.

Thank You for your time Steven,

P.S. Please write back to me as soon as you have cleared this with the T/A. tia

*************************************************************
*************************************************************

As you can clearly see my associate was seeking permission to gain the trading history of Spongetech from Spongetech's Transfer Agent. He was seeking permission due to the fact that Spongetech has the Transfer Agent "gagged", meaning that the Transfer Agent is not allowed to give out information to the public.

Even though this is a public company you ask?????

We ask ourselves that also.

Now what is most important about this email exchange is not the fact that the Transfer Agent is "gagged", many public companies gag their Transfer Agent, not any respectable companies, but still, many do.

What is most important is that Steven Moskowitz is the Chief Operating Officer and Chief Financial Officer of Spongetech and hence he should know exactly what is going to happen with the company because he is going to make it happen.

And when Steven Moskowitz tells an investor that the Transfer Agent will be ungagged "a week from today" that means he is planning to ungag the Transfer Agent in one week, on May 5th, 2009,---

OR he is just plain out and out lying.
There is no in-between. Period.

Why would the officer of a publicly traded company tell an investor that the company plans to "ungag" the Transfer Agent if it had no intention of doing it?

Simple,,,, TO CAUSE A RUN UP IN THE PRICE PER SHARE OF THE STOCK WHICH THE COMPANY CAN PROFIT FROM.

One of the most exciting things that can happen to a penny stock or a pink sheet stock is for the company to "ungag" the Transfer Agent. By doing this the company is basicly telling the investment world that they are legitimate. A company can hide it's actions behind a gagged Transfer Agent. Investors cannot see what the company is doing with the Issued and Outstanding Share count when the Transfer Agent is gagged.
Meaning the company can dilute the shares into the float to make money while the price per share goes down. Meaning the company makes money at the shareholders expense.

Now not only did Steven Moskowtiz tell my associate this once, he also sent another email saying that the event would occur -

**********************************************************************
From: steven moskowitz (symoskowitz@msn.com)
Sent: Fri 5/01/09 11:07 AM
To: ????????????????????@hotmail.com)

everything tuesday you will get it then you will be sorry.


Steven Y Moskowitz


COOSpongetech Delivery System Inc.

43 WEST 33RD STREET Suite 600

New York NY, 10001

Tele: 212-695-7850 ext: 210

Fax: 212-594-4172






Subject: RE: It amazes me that you still have people believing

Date: Fri, 1 May 2009 11:05:21 -0600


I am stevie,

you have made mistakes that have left a trail,
all in good time.
so what is the O/S right now as we speak??????
why won't you ever answer that question?
or how about me questions about the T/A and granting me full access to the records?????
hummmmm????

************************************************************
************************************************************

So as you can see this was nothing more than willfull deceit on Steven Moskowitz's part,since May 5, 2009 came and went and the Transfer Agent remains GAGGED.

Let us take another glance at the FBI's definition of Securities Fraud -

" Securities fraud can be described as deceptive practices in the stock and commodity markets. Generally, securities fraud occurs when investors are enticed to part with their money based on untrue statements.
Securities Fraud is illegal. "

Investors enticed??? Yup,,,,
Based on untrue statements??? Yup,,,,

I do not know about you but it seems to me we have a crime committed.

I have posted the Transfer Agents contact information if you wish to verify my facts.
Transfer Agent:
Olde Monmouth Stock Transfer Co., Inc., Atlantic Highlands, NJ 07716
Phone: 732-872-2727

You can also feel free to call Steven Moskowitz and ask him why he feels he is allowed to break the law and steal from the public.

I would urge you to contact the SEC and the FBI but they have no interest in stopping Securities Fraud, so don't bother.

Here is a link to a wonderful little video, please pass it around so the world knows what is happening. http://www.youtube.com/watch?v=bzOZn3DEz2c

Thank You,,,, Moe Speeks

**************************************************************
disclaimer - in the interest of protecting the innocent I have blocked out my associates email address since he is not a public figure. Mr Moskowitz on the other hand is an Officer of a Publicly Traded Company which makes him a public figure.