Your Honor,
We the shareholders of SpongeTech Delivery Systems hereby request that you DEMAND that the financials of SpongeTech Delivery Systems and ALL of its subsidiaries be submitted to the court immediately. Mr. Moskowitz has told many shareholders that there is money being held by the other 6 subsidiaries. Why the SEC is not asking for these themselves should raise some concerns on your behalf.
Also we request that you demand a full and accurate share count of all outstanding shares. This will show Your Honor that the naked short selling we talked about DOES exist.
Having the information listed above is the ONLY way for ANYONE to know exactly where SpongeTech stands, financially speaking.
Your Honor, if you do not make these demands you are effectively signing off on the demise of SpongeTech and the loss of millions of dollars investors have made in the company. We see absolutely no reason whatsoever why this cannot be done before the trustee or the SEC can make another move to destroy the company. If you so order it.
Updates
August 12, 2010
Two hundred and fifty people have put their names on this thing and honestly I keep refreshing the page just to make sure it is actually real because nobody seemed to care about the missing subsidiary funds until now. It is wild that we have this much traction already (my phone has been buzzing non-stop) and I really think if we keep this up someone in a courtroom might actually have to look at what we are asking.
Reached 250 supporters
August 12, 2010
August 8, 2010
I honestly did not think this would gain this much steam but look at us now pushing for the transparency we all deserve. It is wild to see everyone coming together to push back against the silence because we all know the money has to be somewhere right. I am currently sorting through all your comments and honestly the sheer frustration in this group is exactly what we need to keep this pressure on the court.
August 5, 2010
I just saw the count hit one hundred which is wild because I honestly thought this might just sit here collecting dust. It feels like people are finally starting to see the same mess I see with those subsidiaries and the share count issue. My coffee is cold but my brain is running a mile a minute thinking about what happens if the court actually looks at this.
Reached 100 supporters
August 2, 2010
6 Comments
Where is the money???
Really hope the judge listens to us. people work hard for their money and deserve to know where it went.
Lost so much money on this already. just want the truth.
Naked short selling is killing retail investors. stop turning a blind eye and expose these crooks.
What a joke. SEC needs to wake up and do their job for once. Show us the real numbers!
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Your Honor,
We the shareholders of SpongeTech Delivery Systems hereby request that you DEMAND that the financials of SpongeTech Delivery Systems and ALL of its subsidiaries be submitted to the court immediately. Mr. Moskowitz has told many shareholders that there is money being held by the other 6 subsidiaries. Why the SEC is not asking for these themselves should raise some concerns on your behalf.
Also we request that you demand a full and accurate share count of all outstanding shares. This will show Your Honor that the naked short selling we talked about DOES exist.
Having the information listed above is the ONLY way for ANYONE to know exactly where SpongeTech stands, financially speaking.
Your Honor, if you do not make these demands you are effectively signing off on the demise of SpongeTech and the loss of millions of dollars investors have made in the company. We see absolutely no reason whatsoever why this cannot be done before the trustee or the SEC can make another move to destroy the company. If you so order it.
Updates
August 12, 2010
Two hundred and fifty people have put their names on this thing and honestly I keep refreshing the page just to make sure it is actually real because nobody seemed to care about the missing subsidiary funds until now. It is wild that we have this much traction already (my phone has been buzzing non-stop) and I really think if we keep this up someone in a courtroom might actually have to look at what we are asking.
Reached 250 supporters
August 12, 2010
August 8, 2010
I honestly did not think this would gain this much steam but look at us now pushing for the transparency we all deserve. It is wild to see everyone coming together to push back against the silence because we all know the money has to be somewhere right. I am currently sorting through all your comments and honestly the sheer frustration in this group is exactly what we need to keep this pressure on the court.
August 5, 2010
I just saw the count hit one hundred which is wild because I honestly thought this might just sit here collecting dust. It feels like people are finally starting to see the same mess I see with those subsidiaries and the share count issue. My coffee is cold but my brain is running a mile a minute thinking about what happens if the court actually looks at this.
Reached 100 supporters
August 2, 2010
6 Comments
It is obvious something is being hidden. demand the financials now.
Where is the money???
Really hope the judge listens to us. people work hard for their money and deserve to know where it went.
Lost so much money on this already. just want the truth.
Naked short selling is killing retail investors. stop turning a blind eye and expose these crooks.
What a joke. SEC needs to wake up and do their job for once. Show us the real numbers!
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It is obvious something is being hidden. demand the financials now.