Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SpongeBob2010]

Boxing Promotions are some of the most classic and most popular fronts to launder money. THINK ABOUT THAT ONE.

ALSO, ITS SO OBVIOUS ABOUT THE GET FUGU....hahah
Ok, so Morowitz gives them 1.7 million, out of $4 million.

This is right when the SEC announces the investigation...Then getFUGU says, "No, Not only do we not want the money, we wont be returning the $1.7 million Spongetech already gave us."

Well How convenient for a COO and a CEO who's books are now under investigation by the SEC. These guys were simply unloading money so that the assets wouldnt be frozen in the SEC investigation...

ALL THE INVESTMENT IN GET FUGU WAS WAS A WAY FOR MOSKOWITZ TO LAUNDER SOME OF THE MONEY OUT OF SPONGETECH BEFORE THE SEC GETS INVOLVED.

What is seriously shady and sad is that if Spongetech does become shut down, de-listed, and all assets frozen, the money that disgrunteled shareholders would sue for is being laundered right out of the back door so that Moskowiz's cronies will have some extra cash when everything is all said and done. Im sure Moskwitz would love to give away 60% and retain 40% than to give 100% to the SEC and eventually back to shareholders....