Spongetech Delivery Systems, Inc. (fka SPNGQ)

[DBS02892]

Underdog, I did exchange a few emails w/ Judd Bagley from the Deep Capture team, and he was meeting w/ David Patch today, and unfortunately, much to my disappointment, he did tell me that David Patch confirmed to him that he had indeed authored the letters which were mentioned in a post a while ago:

http://investigatethesec.com/drupal-5.5/?q=node/906
http://investigatethesec.com/drupal-5.5/files/September%209.pdf

This is something that will make reconsider my position because I do feel like the Deep Capture folks are trustworthy (although I could be wrong about that too, it's become hard to tell friend from foe ).

In my mind the best possible explanation at this stage is that SPNG management did misbehave at some point and might be trying to come up clean and go about running a legit business, but that's just a lot of speculation on my part ...

What doesn't make sense is why manufacture, distribute and sell products (again I bought some here in RI at CVS just a week ago), advertise on TV, buy Dicon and all that if you are just trying to run a stock scam ?

I'm interested in non-hysterical (i.e. if all you have to say is "IT'S GOING TO ZERO SELL SELL SELL !!!!" then don't bother ...) opinions about what the worst possible outcome of the SEC investigation might be ? Assuming some mild security fraud has been going on but now the business is kind of on a roll (may be SPNG management got surprised by their own success at selling sponges ), could they just get away with a slap on the wrist, some kind of fine and then be sent back to running a legit business ?

I appreciate those of you you might have been trying to provide genuine warnings, but they kind of get drowned in the bashing background noise.

> 4kids, will you please post the reply you received
> from David Patch that you said you would " post back to
> this venue ~ when i get a response from david patch"
> It seems he replied to your questions, so I am curious
> why you are not posting his answer here for everyone to
> read? He did reply, correct?
>http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41993280
> --------------------------
> well i'll shoot him an email/edit
> and ask for verification underdog
> i've seen too many *oddities*
> to take anything at face value
> will post back to this venue ~ when i get a response
> from david patch
> edit >>>> i'm having a tough time *reconciling*
> the david patch i'm aware re: the SEC and NSS
> with one who *relies* on the ny post for *insight*
> odd stuff indeed ~