Spongetech Delivery Systems, Inc. (fka SPNGQ)

[236T568]

in 2009 criminal enterprise SPNG filed an NT 10K stating that they expected revenues for the year to be around $50 million, where in reality revenues were only in the $200,000 range

that 10K was never filed

They also issued pump PR's stating that they were receiving orders in the area of $70 million per quarter

all fraudulent, of course

Cowtown....with all you've said and were so sure of - especially as the expert you claimed to have been for so many years relied upon in so many other prosecutions, etc. (and aren't you the one that wanted the hold lifted so you could sell too, right? So impossibly wrong in so many ways)...how far off you've been in all of them is immeasurable.


The SEC reviews all types of materials daily on all Cos that actually have Billions involved. That is exactly what they do. And amazingly fast (for 35 years I was part of the extensive teams producing at least part of the filings they required - and considering the amount of time and energy needed to do so within the required time frame - the speed and even insight of their response (in the few cases there was one) was amazingly fast.

And as I recall no 10-K was actually ever filed - (except for the one that they virtually instantly found problems with asked about and then suspended it over not addressing) for the period before any of the real scam started. (The one leading to the announcement Deloitte would do the next audit and the delusional believers bringing it back from dead).

I really don't think any of the people at DOJ now have ever heard (or certainly can remember) SPNQ - a penny stock scam back almost a decade.