Let's Review:
Company is showing go growth from prior years, and expect first quarter to surpass sales of previous year.
Company on SEC form 10NT announces sales of 50 million with taxable amount of 10 million.
Company files lawsuit to protect trademark, I guess they plan on being in business after the 16th.
Company, while the SEC is closing them down, announce the launch of two new products. Doesn't sound like they plan on having the doors closed to me.
At the same time Company is expanding it's advertising base, not canceling any contracts to line their pockets before the end.
Company hires a highly respected accounting firm to handle the books from 2010 and beyond.
Concerning the halt in trading, did any of you think the SEC might have halted trading not to punish Spongetech but to protect them and their investors until the 10K situation is cleared up.
Position long.
