Spongetech Delivery Systems Inc (fka SPNGQ)

[Jim54]

You state:

"Of all the companies that have imploded or have been outright frauds in the last 25 years, can you name one that was uncovered by the outside auditors? There might actually be one or two out there, though if so, I certainly can't think of it offhand. However, all of the other companies I cited, and lots of others, have failed despite having clean opinion letters from the outside auditors with major accounting firms attesting to GAAP-compliant financial statements."

If you believe this, then why in the world have you wasted so much breath expounding upon Spongetech's auditors, past, present and future? And why have your colleagues wasted their time on "bogus opinion letters" when "clean opinion letters" don't prove a company is solid, either?

D.