Monday, June 29, 2009
FUQI,,,,, I May Have Been Too Cautious
Saturday, June 27, 2009
WATCH LIST FOR JUNE 29 - JULY3 2009
Friday, June 26, 2009
END OF WEEK UPDATE
Thursday, June 25, 2009
BIG NEWS RELEASED TODAY!!!!!!!!!!!!!!!!!!!
Wednesday, June 24, 2009
Another Excellent Press Release from Spongetech - hahahaha
Saturday, June 20, 2009
Stocks to Watch this Week
Friday, June 19, 2009
So,, You Wanna Lodge a Complaint Against Me???? Ok
Thursday, June 18, 2009
More Spongetech Deception
For the three months ended | ||||||||
February 28, 2009 | February 29, 2008 | |||||||
Revenue | $ | 13,164,277 | $ | 1,281,704 | ||||
Cost of goods sold | 6,809,354 | 174,022 | ||||||
Gross profit | 6,354,923 | 1,107,682 | ||||||
Operating Expenses | ||||||||
Advertising and promotion | 3,694,677 | 738,760 | ||||||
Selling, general and administrative | 330,801 | 176,104 | ||||||
Research and development | 3,125 | 0 | ||||||
Depreciation and amortization | 33,257 | 4,336 | ||||||
Total operating expenses | 4,061,860 | 919,200 | ||||||
Income from operations and before provision for income taxes | 2,293,063 | 188,482 | ||||||
Provision for income taxes | 779,641 | 0 | ||||||
Net income | $ | 1,513,422 | $ | 188,482 | ||||
Net income per share from continuing operations: | ||||||||
Basic and diluted | $ | .00 | $ | .00 | ||||
Weighted average number of shares outstanding: | ||||||||
Basic and diluted | 1,096,245,460 | 115,056,086 |
__________________________________________________________________________________________ |
I found this information to be very funny
- This Code is intended to focus the Board and each director and executive officer on areas of ethical risk, provide guidance to directors and executive officer to help them recognize and deal with ethical issues, provide mechanisms to report unethical conduct, and help foster a culture of honesty and accountability. Each director and executive officer must comply with the letter and spirit of this Code.
- Directors and executive officers must be loyal to the Company and must act at all times in the best interest of the Company and its shareholders and subordinate self-interest to the corporate and shareholder good. Directors and executive officers should never use their position to make a personal profit.
- Directors and executive officers must protect the Company’s assets and ensure their efficient use. Theft, loss, misuse, carelessness and waste of assets have a direct impact on the Company’s profitability.
- Directors and executive officers should promote ethical behavior ( hahahahahha that's a good one)
Let us not forget our DD people
Friday, June 12, 2009
72% of SALES ARE TO OVERSEAS COMPANIES
Thursday, June 11, 2009
Spongetech and The SEC
I was not going to release this information but I feel it is only fair for the people to know that Spongetech is in fact being investigated by the SEC,,,
as you can see from the phrases contained in the emails below - "regarding this investigation" - "aspects of this investigation"
The SEC is collecting evidence. I was asked to burn to disc emails I had from several people and send it to the SEC.
If you have any evidence you wish to share with the SEC concerning Spongetech I advise you to email it to this woman. She is a lawyer for the SEC and the person who called me.
As you can see from the below emails she will not release any information about the investigation so make sure you include your phone number in your emails and maybe she will call you to discuss your evidence.
______________________________
From: | Cain, Margaret A. (CAINM@SEC.GOV) |
Sent: | Mon 6/01/09 12:48 PM |
To: | ?????????????@hotmail.com) |
Mr. ???????:
Thank you for sending these emails and for speaking with us today. Regarding the additional emails, you may mail them to me at the following address: Margaret Cain, SEC, 100 F Street, N.E., Mail Stop 5546, Washington, D.C. 20549. You may burn them to a CD or you may print them out, whichever is easier for you.
Please feel free to contact me again with information regarding this investigation.
Sincerely,
Margaret Cain
____________________________
From: | Cain, Margaret A. (CAINM@SEC.GOV) |
Sent: | Thu 6/04/09 9:22 AM |
To: | ???????????@hotmail.com) |
Mr. ????????:
Thank you for your message.
As we discussed earlier this week, unfortunately I cannot discuss the aspects of this investigation (including who we communicate with) as the investigation is non-public. I appreciate your interest, but I am not at liberty to confirm or deny any information at this time. I do, however, appreciate the information you have provided and continue to provide the staff. It is very helpful.
Sincerely,
Margaret Cain
___________________________
You people can try and bash these emails as fakes all you want.
They are real.
I have chosen not to post M. Cain's work phone number. Once again I would advise you to include your phone number with your evidence and if the powers that be deem it so, maybe they will contact you.
Any emails from management or from Doug Furth I am sure they would like to see.
(and yeah Doug, we sent them the email exchange between you and Moskowitz concerning IRG,,,, the one that included the phrases "You need to be honest with the shareholders" - "You need to stop lying to people" - "it is not legal")
You do remember that email exchange??? right Dougy????
To M. Cain,,,, sorry,,,, but this is War.
Metter and Moskowitz are dirty and they need to be exposed.
They are getting rich at the expense of honest American citizens.
And in cases like this,,, it is never the management that gets hurt,, it is the average American who ends up broke.
Maybe the Government can help us for once, instead of only helping the wealthy.
Thank You - Moe Speeks
Wednesday, June 10, 2009
Something That Made Me Say Hummmmmm...
- $31,000,000 in Revenue
- a 20 times increase in Revenue over the same YTD period
- 20% EBITDA
- Soaring Revenue and Profitability
Lets see what the Shareholders got -
- May 28, 2008 PPS closed @0.044 ---(peaked on June 9, 2008 @o.o56) - A/S = 420,000,000
- February 28, 2009 PPS closed @0.0126 ---(bottomed on March 16, 2009 @ 0.006) - A/S = 1,250,000,000 --- March 10, 2009 A/S = 1,555,000,000
- Over 190% Increase in Authorized Shares
- Over 70% Decrease in PPS
- Increased Revenue 20% YOY for 9 month time period to $31,000,000
- A 20% EBITDA
Shareholders get ---
- Over 190% Increase in Authorized Shares
- Over 70% Decrease in PPS
Yeah, that sounds about right for Spongetech Delivery Systems, Inc.
Now all we need to do is to wait for the Reverse Spilt and we are Game, Set, Match!!!!!!