Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Uglytuco]

From Micro on Doug's buyout offer

actually that is mostly true. Steve told me to work with Charles Morgan to get the PPS up. He also asked me to talk with them about handling IR for Spongetech and they would pay them for that.

Joel and I schduled a call with them that night for 8pm. When Paul joined the conference call, he was drunk off his ass and sluring! We had another investment banker on the call with us to help with the call. Paul told us he thought Doug was shorting the stock and said he had even asked Doug if he was.

We talked to Paul about the buyout. He said Doug had approached him for help. Doug wants to make a buyout offer for the company for .12c. Charles Morgan agreed to fund some of the buyout and offer 5 million dollars if Doug would put up 3 million. Doug told Paul he did not even have 1 million to put up so the buyout failed.

We called Steven about the drunk call and he told me the next day he fired Paul for getting on the call with the groups drunk.....whatever