the_worm06

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

Thursday, August 20, 2009

[LBWR]: Promoter Bob Scott ("Robsct") finally admits to the truth about scam company Labwire, Inc.

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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40685434


Posted by: Robsct
Date: Thursday, August 20, 2009 12:38:28 AM
In reply to: creede who wrote msg# 14841

Post #14844 of 14844

He's obviously not honest. Why call him. My consience will not let me pump this stock or post Dexter's promises anymore. How about you?






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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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Friday, August 14, 2009

[SPNG]: Promoter "z4lover" makes more false and misleading statements

This time on the definition of Issued Shares, Outstanding Shares and Treasury Shares.

It seems that this promoter of scam comany Spongetech Delivery Systems, Inc. has absolutely no concept of what these categorities of shares mean:


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40535623


Posted by: z4lover
Date: Friday, August 14, 2009 3:35:38 PM
In reply to: Kitt Proimos who wrote msg# 165438
Post #165446 of 165580

Yes.

Outstanding shares are shares that have been issued. Issued and outstanding are shares that are held. Further stock that is in the company's treasury, is considered Outstanding but not issued and outstanding.

Now lets look at what happened

The company put out a PR saying that they returned x shares to the company's treasury thus reducing the Isussed and outstanding down to aprox 700 million.

Then when the 10q came out and the company fully canceled these shares prior to the 10q to reduce not only the issued and outstanding but the Outstanding to 700 million. The people said they lied.

Yet they claim that the issue at hand is they are saying the company didn't put the stock in the company's treasury, of which they have no proof for. Only a misunderstanding of what issued and outstanding is. Assuming that because the Outstanding shares didn't go down that the company was lying, even though it wouldn't go down for returning the shares to the company's treasury.

This has been twisted endlessly to try to confuse the naive of what really happened.





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Wednesday, August 12, 2009

[SPNG]: Promoter "n_a_rockerfellor" continues to blame the "evil naked short sellers" and "bashers" for the drop in stock price

of scam company Spongetech Delivery Systems, Inc.


Just like scam company USXP
Just like scam company CMKX
Just like scam company PLNI
Just like scam company CSHD
Just like scam company SLJB
Just like scam company PHGI..........

..............the siginificant drop in stock price of scam company SPNG due to the massive issuance of common shares by the company is blamed instead on the "evil naked short sellers" and the "paid bashers" on the message boards.



This time it is the promoter "n_a_rockerfellor" that is doing the accusations on the IHUB message boards:


http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=256156&mid=256156&tof=3&rt=1&frt=2&off=1


NAR SAYS ..... Some are saying that the naked short position in this stock is zero. They may be saying that because they are working for a hedge fund that actually has a NSS position in this stock and it is their job to try and discourage people from buying or holding this stock. One way to determine whether or not it is in a particular persons interest to deny the existence of a NSS position is very simply to examine that persons posting history. Look for posts with a negative agenda with a pattern of repetitive posts harping on the same subject time after time. There is a good chance that the person being examined is a paid basher and you can expect that he or she is going to pooh, pooh a NSS position. Paid bashers would not be here if there were no NSS position to protect. Hopefully it is obvious to most posters on this board who the paid basher candidates are even though they claim otherwise.

NAR SAYS ..... I would also point out that if phantom shares exist in the market place for this stock, those phantom shares were created via an illegal NSS position. MM's go naked because that is required in the course of their everyday business. Reg SHO monitors this and these positions are bought in by the MM which resolves their short positions. It is the illegal NSS positions that are the problem. I have already posted a tentative accounting for 883.5 MM SPNG shares which indicates that there must be phantom shares trading in the market place. 94 MM treasury can be eliminated from this list because those shares have not been bought back yet, leaving a total of 789.5 MM shares accounted for. This number exceeds the issued shares of 723 MM. Is impossible to have more shares accounted for than have been issued unless there are in fact "phantom shares" in existence. I'll have to reconcile numbers with the 10K when it come out. Here is the post on the shares accounted for.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=218159&mid=-1&tof=-1&rt=1&frt=2&off=1


NAR SAYS ..... Adding to the list doesn't make the problem go away. The unknown is the number of phantom shares existing in the market place. The plus side is that there is a very good chance that a very large NSS position still exists on this stock and when the stock does make a sustained move to a higher lever, those who hold these positions are going to have a hell of a time trying to cover. It's just a matter of time. Sooner or later the market will acknowledge this fundamentals of this company and buy up the shares in the open market. Meanwhile the company itself is engaged in buying shares as is the individual members of management of this company. The noose tightens slowly sometimes, but in does tighten. Any hedge fund short this stock is in trouble and their paid bashers don't seem to be very effective. We all pretty much know who they probably are and what their recycled arguments are.

NAR SAYS ..... My own conclusion so far is that there are SPNG "phantom shares" traading in the market place and that the very exsistence of these shares is evidence that an illegal NSS position created these shares. The way this stock took off when it ran from $0.03 to $0.28, I doubt that the NSS positions were covered. That position seems to be supported by the existence of so many paid bashers on this board.



Love and Peace

N.A.Rockerfellor





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Tuesday, August 11, 2009

[LBWR]: Scam company Labwire, Inc. drops to sub penny stock price

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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40415253







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Sunday, August 09, 2009

[SPNG]: Promoters "no BS plz" and "z4lover" added to "Stock Promoter - Scam Company Matrix"

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http://snipurl.com/pjn5d





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