Spongetech Delivery Systems, Inc. (fka SPNGQ)

[wadirum1]

Well, I sort of misspoke when I said "negotiated settlement" -- got a lot of PMs and some public guffaws over that. But what I mean is that the SEC is now looking at SPNGE. This could be very bad for management and/or very bad for shorts. I certainly think the SEC could "nudge" the shorts toward the bargaining table.

But what do I know. I'm not even sure there are shorts.

But I do think that going 1934 is a very positive step. Is it too far-fetched to think that the SEC might be getting involved now (rather than back in the spring) because they watch more carefully over 1934 Act companies?

Wadi