Spongetech Delivery Systems, Inc. (fka SPNGQ)

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I agree SPNG is going to have to do a R/S to get uplisted. also Not saying r/s is going to happen.... IMO the whole uplist stuff is just smoke and mirrors.... SPNG left a long list of disclosure questions unanswered when they withdrew a share registration in 2006. Those same questions and I am sure many more will be required to be answered, SPNG is a whole lot bigger then it was in 2006 , lots of new info will need to be disclosed.... Plus some current disclosures from SPNG filings are NOT going to fly with NASDAQ , all of these "not charged back" expenses will need to be quantified and applied to past earnings and all this "controlled by the family of our Chief Operating Officer" stuff will need to examined , disclosed, and scrutinized....

"During the 2008 fiscal year, a portion of our selling, general and administrative expenses, including costs related to product and package design as well as certain consultants, were borne by (and not charged back to the Company) a privately-held company controlled by the family of our Chief Operating Officer."

http://www.sec.gov/Archives/edgar/data/1201251/000114420409021409/v146656_10q.htm