Spongetech Delivery Systems Inc (fka SPNGQ)

[harvard homeboy]

ttattletell,

They probably have a policy of not commenting on who's part of their client base and who isn't. Or they may have asked Moskowitz for permission to confirm the engagement and Moskowitz may not have had a chance to get back with them yet.

However, in looking at the audit engagement for Spongetech it also seems to me the CPA's are going to have to have a junior-level auditor at Dicon as well performing a ton of grunt work, since Dicon has more fixed assets than Spongetech and the auditor will insist that they review Dicon's depreciation schedules, internal controls, issues associated with environmental compliance, payroll records, bank account statements, policies regarding expensing or depreciating assets, any petty cash funds and policies related thereto, goodwill and related impairment issues resulting from the acquisition, issues associated with the segregation of duties that accountants like to bring up, A/R and A/P issues and God-only-knows what else.

It's likely in my view that Dicon's books are in a state of disarray, since the company shut its doors back in 2007 and usually as companies fold they tend to not be overly preoccupied with the debits and credits stuff.

Why not call Dicon and ask to speak with the auditor from Robison, Hill & Co and see if they patch you through? The poor guy's probably camped out in some conference room surrounded by reams and reams and boxes full of workpapers.