the_worm06

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

Sunday, August 16, 2009

[SPNG]: Promoter "no BS plz" beginning to talk about late 10-K filing for scam company Spongetech Delivery Systems, Inc.

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It seems that the promoters and company representatives of scam company Spongetech Delivery Systems, Inc. (SPNG) are beginning to hint that SPNG's 10-K for the year ending May 31, 2009, which is due August 31, 2009, is going to be late.

Why is this important?

SPNG has been issuing massive amounts of common shares while claiming that they have been doing share buybacks. The 10-K , with audited financials and current oustanding share figures, would show that they have been lying to its stockholders - so SPNG management will be making every effort to delay this 10-K filing with the SEC. Scam company SPNG last released its outstanding common share figure on April 20, 2009 as of April 16, 2009 on its 10-Q filing with the SEC. The company has refused to update its stockholders since then and has gagged its stock transfer agent.

Here you find promoter "no BS plz" doing the hinting on the SPNG Investorshub.com message board:


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40556051

Posted by: no_BS_plz

Date: Saturday, August 15, 2009 11:47:24 PM
In reply to: Kitt Proimos who wrote msg# 166061

Post #166063 of 166133

....In fact, from nearly no revenues to over $31M in the time span of nine months, I would be more surprised in they had not needed the additional 15 days in their quarterly filings.






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