Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

I suggest you read the SpongeTech lawsuit. That state right in the lawsuit that all teh funds for teh GetFugu Investment came from RME.

Page 6 of Lawsuit filed:

23. On August 24, 2009, in reliance on GetFugu's representation that SpongeTech would become the Platform's first customer and would remain on that Platform in perpetuity, SpongeTech obtained funds from it's investment arm, RM Enterprises International, Inc (RM) and had those funds transmitted by electronic wire to GetFugu.

24. From in or about September 2, 2009 to approximately September 10, 2009, counsel for GetFugu and SpongeTech negotiated definitive contracts (The "Definitive Contracts")which provided for SpongeTech being on the Platform in perpetuity and for the sale of the securities. In good faith reliance on GetFugu's representations that it would deliver teh Securities, SpongeTech obtained additional funds from RM in the amount of $1,500,000.0 and had those Securities Purchase Funds transmitted by electronic wire to GetFugu.



So...All this great business and the company still can't pay for anything without tapping into GetFugu.