Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

i would say that the close mindedness is based on our own experiences with such situations. the problem with investors, their investment carries a large factor in their line of reasoning. it is human nature. It is a lot harder to convince somebody knee deep that they are in trouble because they are reacting on panic, embarrassment, and hope.

I would give SPNG the benefit of the doubt if they could respond to a fraction of the red flags. Since they have responded to none it is a show stopper.

1. What is the real O/S
2. What is the contact information on their major customers?
3. Why haven't the officers or major shareholders (affiliated with the company) filed their trading positions with the SEC as required by law?
4. Why is all the reported business from VAEV coming from SPNG?
5. why was the VAEV and SPNG investments in GFGU channeled thru RME?