Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

I'll just reply with what I wrote to a group of shareholders.

"Yet another SPNG Administrative Proceeding filed yesterday, this one against Dennis Ringer.

https://www.sec.gov/litigation/admin/2016/33-10259.pdf

When was this case initiated? They don't tell us. Could this go back to the three Litigation Releases that were filed with the details being intentionally omitted? I've said previously that I thought the facts clearly indicated that at least one of those filings concerned SpongeTech.

If the SEC is trying to avoid naming Relief Defendants en masse in this case, because they don't want to say that shareholders lost $390 million from this activity, and that they don't want to identify the shareholders, because that would expose the naked short shares, then they should be quite busy with these individual filings in the immediate future. There should be dozens of people named, and there aren't too many days before the new Administration assumes office, complete with a new SEC Chairman and new Attorney General."