Wednesday, March 10, 2010

ANOTHER PIECE OF THE PUZZLE THAT IS THE SPONGETECH SCAM

LOOKS LIKE GOOD OLD METTER AND MOSKOWITZ HAVE BEEN HAVING A GOOD TIME ON OUR INVESTMENT DOLLARS JUST LIKE WE THOUGHT ALL ALONG.
HERE ARE A FEW EXCERPTS FROM THE MOST RECENT NEW YORK POST ARTICLE CONCERNING SPONGETECH -


"The New York Giants have joined the growing list of sports franchises suing the company for allegedly skipping out on its bills, claiming the company has soaked the team for $360,000."

"According to the Giants' suit, New York-based SpongeTech, as part of an agreement signed last July, was given "access to Giants Stadium for home games, including use of a private suite."
When using the posh suite, SpongeTech was responsible for picking up the tab for the "food, drinks and hospitality charges" incurred during its use. However, the Giants claim SpongeTech stiffed the caterer, hospitality king Aramark, forcing the team to pick up the tab.
Since then, the Giants have been snubbed in their efforts to get reimbursed, according to the complaint."


http://www.nypost.com/p/news/business/giants_squeezing_spongetech_in_suit_Af2afSZWCK4zcL9GCaxO0K

Tuesday, March 2, 2010

THIS IS A GREAT READ ABOUT HOW SPONGETECH OPERATES.

I know you all have probably seen this but I thought it was worth reposting just so you people could get a clear understanding of how Mosky Moskowitz operates.
This is how he treated Madison Square Garden for christ sakes, imagine the full extent of how he treats shareholders.
Enjoy the read people -


https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=OngETBBRXLhJaai/9CmPyA==&system=prod