Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

This used to be Paul Kisslinger's case at the SEC. When one of the defendants in this case showed up in SpongeTech's market, Kisslinger became the new SPNG prosecutor. However, another Litigation Release was issued today, announcing settled charges against yet another participant in the stock manipulation ring, and Kisslinger isn't even mentioned. The earlier versions of this case were discussed in my court filings. The newest LR is linked below.

http://www.sec.gov/litigation/litreleases/2014/lr23162.htm

You may recall that a brokerage discussed in this case abruptly closed their doors at the same time Wells Notices were issued to SPNG. Kind of the same thing we see about another financial firm in the following article.

http://www.nytimes.com/2014/12/07/business/hedge-fund-kept-us-inquiry-quiet.html?_r=2