the_worm06

Thoughts, Comments and Research on Publicly Traded Companies and Internet Stock Message Boards

Monday, July 27, 2009

[SPNG]: Prediction of Authorized Common Shares for Spongetech Delivery Systems, Inc.

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the_worm06 predicts that scam company Spongetech Delivery Systems, Inc. (SPNG) will increase its Authorized Common Shares from the current 2.5 billion to:


at least 3.0 billion shares by August 15, 2009



provided that it doesn't do a reverse split of its common shares by that date.





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17 Comments:

Anonymous Anonymous said...

Wow, that's bold. So you're thinking they'll take advantage of the safe harbor statement on yesterday's news that they're going to reduce the a/s.....and then not do it?

Nothing would surprise me with this soap opera...

8:16 AM  
Blogger the_worm06 said...

Unless, of course, a 1 to 5 reverse split is effected, which would allow SPNG to decrease the A/S from 2.5 billion down to the 900 million that they stated in yesterday's press release.

You have to remember, this is a mass dilution machine that issues hundreds of million of shares just for its stock promotion campaign. Then there are the shares issued to RME and other parties for financing of those heavy advertising expenses.

regards,

the_worm06

8:26 AM  
Anonymous Anonymous said...

Dude, how can u say SPNG is a scam company?

Have u used thier products?

I know I have, and they work great.

A news station in NJ even featured thier product on a "Deal or Dud" segment, in which they washed 8 dirty cars on a Ford lot. Long story short, the product worked great and passed the test.

Where do u get your info.?

9:04 AM  
Blogger the_worm06 said...

Since when does having products that are sold in retailers mean that a company is not a scam. That is part of the ploy to make people buy the stock.

Hey, you fell for it, didn't you?

regards,

the_worm06

9:19 AM  
Anonymous Anonymous said...

no way it is a scam..wait for a suprise,just give a few days

8:47 PM  
Anonymous Anonymous said...

http://backupurl.com/cache/hefmbw.html

Look at what vanity products is doing with the sponges that arent selling!

3:31 PM  
Blogger the_worm06 said...

"f"

tell me more about "c" = "m"

I will not publish

1:04 PM  
Blogger the_worm06 said...

"f" so you have no proof or anything that "c" = "m"

to show you how far your theories are:

Janice Shell is not anniebonny on AB's. Two different people and this has been known for quite a while.

3:41 PM  
Blogger the_worm06 said...

"f", and by the way, every known stock promoter in the history of the world has at one time or another worked to pump SPNG....not just the one promoter that you have been mentioning...

3:44 PM  
Blogger the_worm06 said...

"f" ha!

Your excitement is understandable, but no need to post information unless you are very sure that it is truthful.

no need to help out, just follow the upcoming entries that I will be making on this blog and some of the AB entries...

good luck on the cybersleuthing

10:13 PM  
Anonymous Anonymous said...

Whassa matter, worm....it''s not even the 15th yet, and the a/s is.....



down to....



oh crap, UP????!!!

to 2.75 billion.

Oh the horror!!


good work!

8:25 AM  
Anonymous Anonymous said...

Well done.. 2.75 billion common plus preff...

9:59 AM  
Anonymous Anonymous said...

Prove it. Where do you see the A/S increase? Just as I thought. You're a liar

10:01 AM  
Blogger the_worm06 said...

here you go, a screen shot of the info from the Delaware Secretary of State office:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40520979

the SPNG common A/S was increased to 2.75 billion

regards,

the_worm06

10:04 AM  
Anonymous Anonymous said...

hate to admit it worm but i thought u were just a know nothing like moe..but youve definately grown some more credbility...good work thanks

10:13 AM  
Anonymous Anonymous said...

Well worm, congrats, you proved yourself to be another clueless fucking idiot. I hope you're proud of your display of stupidity. Please keep the tradition of being a lowly piece of shit for our entertainment at investors hub.

Someday you may just learn how to read and think.

But you're just a lowly tapeworm.

10:44 PM  
Blogger the_worm06 said...

Let's see how "clueless" my prediction was:

1. On July 27th I predicted that the company would increase the A/S from 2.5 billion to 3.0 billion by August 15th.

2. On August 13th the A/S was increased by 250 million to 2.75 billion.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40520979


I WOULD SAY THAT MY PREDICTION WAS VERY CLOSE, CONSIDERING THAT AT THAT POINT IN TIME SPNG WAS STATING THAT IT WAS GOING TO LOWER THE A/S.

nice try though

regards,

the_worm06

11:41 PM  

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