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So That's What SpongeTech Is!

Throughout the baseball season I noticed an advertisement for a company called SpongeTech on the left-field wall of the Roger Centre, home field of the Toronto Blue Jays leading me to eventually find out of what the company sold, soap filled sponges. A search of their site lists sponges such as those shaped as a bone for cleaning your dog and animal shaped ones for children’s baths, but does not list what a report in the financial news site, The Big Money suggests that the company’s main products is, a pump and dump scheme. The report claims the company is issuing massive amounts of stock and inflating revenue numbers without actually selling many sponges even after a buying ads in numerous sports stadiums. While this claim may not be true, it is likely best to stick by buying SpongeTech sponges and not its stock.

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This page contains a single entry from the blog posted on October 4, 2009 11:14 PM.

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