Spongetech Delivery Systems, Inc. (fka SPNGQ)

[ramsby]

Are they investingating spongetech or??

"On September 18, 2009, the Company received a formal order of investigation issued by the SEC regarding possible securities laws violations by the Company and/or other persons."


"The recent press reports regarding SpongeTech are inaccurate. The major customers cited in the SpongeTech’s financial statements for the fiscal third quarter of 2009 are all current and active customers of the Company. We believe that a number of documents cited in press reports about the Company are Internet forgeries being used by short sellers and stock speculators to undermine the integrity of the Company and profit from the adverse publicity."