spongeTech submitted NEW CEO NAMES TO THE SEC!
"...Spongetech is endeavoring to find a new operating executive to guide it going forward. It has submitted proposed individuals to the SEC for its review..."
See it on page 7 -> viewer.zoho.com/docs/vcadbWi
Is Neil Katz one of the "proposed individuals"?
Thank you Mr. BESSETTE for the EXCELLENT defense.
Mr. Bessette, on behalf of SpongeTech (our Company):
"...In an effort to address SEC's concerns regarding management's continued participation in the Company's operations, and obviate the need for any related asset freeze and thereby protect Spongetech's shareholders, Mr. Metter resigned as CEO of Spongetech subsequent to the filing of SEC's motion. (Weiss Decl. Ex. 10) Likewise, the Companies have terminated all signing authority Mr. Moskowitz has over the companies' bank accounts..."
THAT'S ALL THERE IS TO SAY!
Our FOUNDER will stay!
Mr. Reilly is OUR NEW CFO!
Also: Keep in mind, PARLUX (PIKE) accelerated release of Mr. Neil Katz on May 4! That might mean something about our next CEO, or not at all -> www.sec.gov/Archives/edgar/data/802356/...10001468/parl_8k.htm
SpongeTech is a VALID company, with a VALID U.S.A. manufacture with HUNDREDS of VALID products!
And MOST IMPORTANTLY a VALID Team of ***DEDICATED*** EMPLOYEES!
Reverse-offshoring from China to U.S.A. in a very difficult ECONOMY where these are needed.
Mr. Metter ALREADY "FROZE" his SpongeTech shares in escrow.
LOOK at all these VALID products!
Look at of ALL our PRODUCTS (and PRIVATE labels!) (and CLIENT NAMES)
Here -> viewer.zoho.com/docs/mecabc
And here! -> viewer.zoho.com/docs/cecFbh
"New black packaging" confirmed on page 3! -> viewer.zoho.com/docs/mecabc
NICE!
SEC junior companies destroyers lawyer will close us, CLOSE us!
Did you say profitable company? Heck YES!: $7.7 million in sales, 23 employees! (+57 reps auto-paying themselves on commission)
Can't be more profitable than that!
And this was during the WORST part in the HISTORY of the company!!!, with NY Post attacks (they owe us $18 million + $25 million)
Imagine with adjusted control and restarted marketing!
Wait when real growth shifts, and full capitalization of Viacom and MARVEL deals occur!
JUNE 17: PIKE reported sale of **ALL** PARLUX shares! -> www.sec.gov/Archives/edgar/data/802356/...arlux13ga-061710.htm