Spongetech Delivery Systems, Inc. (fka SPNGQ)

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I sure hope SPNG execs have been paying their taxes on all of this indirect compensation , also wonder how they have this indirect compensation listed in all those SEC filngs since 2006? Sure would be problem if they had to restate tax retruns and such......... IF they truly want to uplist , they WILL have to answer these questions , these are NOT going away , just because they withdrew this registration because they could not answer this and other questions satisfactorly , does NOT mean they do not have to answer them to uplist , I cant wait to see the disclosure on this one question below STILL waiting for them , AND a host of others SEC / NASDAQ will have for them. For sure - Uplist , try registering shares on the OTCBB first , lol...

Re: Spongetech Delivery Systems, Inc.
Form SB-2, Amendment 5 filed December 20, 2006
File No. 333-123015

21. Given the relationship between certain officers of the company and RM Enterprises, it would appear the stock issued to RM Enterprises in January 2005 should be included in the executive compensation table. This would appear to be indirect compensation to those control persons.

http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt

SPNG FAILED TO ANSWER THIS QUESTION IN 2006 > THEY WITHDREW THE REGISTRATION SHORTLY AFTER BECAUSE THEY COULD NOT ANSWER IT TO THE SATISFACTION OF THE SEC - THIS QUESTION WILL NEED TO ANSWERED AND ALL OF THE OTHERS THEY LEFT UNANSWERED BEFORE ANY "UPLIST" ... I stronlgy Suggest you read the uploads and CORRESP from the last go round with SEC , this is tame compared to what they will have to answer from SEC / NASDAQ for an uplist to national market......

I suggest you review ALL of the Uploads from last attempt:
http://www.sec.gov/cgi-bin/browse-edgar?type=upload&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251

Here are the SPNG CORRESP
http://www.sec.gov/cgi-bin/browse-edgar?type=CORRESP&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251

Here is link to some of the questions the SEC wanted answered:
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt