Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pj333]

Good read; I found this part of particular interest-
pj

History has instead shown that the announcement of the investigation by the SEC into the complaintent simply aides in the manipulation of the stock price and that rarely does such investigation yield anything of significance. Such is a wellknown
and understood practice of the short seller. Typically, only a portion of what was being touted by the short seller was in fact accurate. Much of what is identified by a Commission audit are minor issues typical of any audit. Yet the negativity placed upon the issue continues and is used to manipulate the markets perceptions. An example of the relationship between a short seller, Regulation SHO fails, and the SEC is provided in the backup data provided in the Appendix to this memo.