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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (108769)	10/14/2009 10:45:01 AM
From: Bill from Wisconsin	Read Replies (2) \| Respond to of 122087

This is where the SEC is so WRONG SEC doesn't normally go after the run of the mill penny carp because the dollar value involved is so small. But where they are so wrong is that because the stock price is so small, there are TONS of small time investors that are burned. Small dollars, but MANY, MANY investors/ victims. People for whom their $5,000 brokerage account is their ONLY savings. The penalties should be harsher and the enforcement tighter for crimes against these novice investors. It's just too easy to scam the typical penny investor. I've often thought about it. I know the mechanics by now. But I could never live that way. Even though I've "partnered" with GE and Bank of America, I just could never bring myself to put out the PR announcing the launch of my couch potato business. But there seem to be no shortage of people who have no problem with that. No shortage of people who would promote it. And surely no shortage of people who would invest in that growth industry I've discovered.

To: scion who wrote (108769)	10/16/2009 5:34:01 PM
From: scion	Respond to of 122087

Federman & Sherwood announces that a securities class action lawsuit has been filed against SpongeTech Delivery Systems, Inc. (OBC.BB: SPNGE, SPNG) SpongeTech Delivery Systems, Inc. [OTC.BB: SPNGE, SPNG] federmanlaw.com Oklahoma City, OK (October 16, 2009) -- On October 9, 2009, a class action lawsuit was filed in the United States District Court for the Southern District of New York against SpongeTech Delivery Systems, Inc. (OBC.BB: SPNGE). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from April 15, 2008 through October 5, 2009. Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Tuesday, December 8, 2009, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995. To join this class action, click here to obtain an investor certification. Once complete, please email this form to kln@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Lynn. federmanlaw.com