Spongetech Delivery Systems Inc (fka SPNGQ)

[DueDillyFirst]

you seem to be very

emotional about persons commenting on information floating around in the public venue...

there is a purported copy of a shareholders report from June on the internet... source uncited

the two theories that I have heard on it are:

1) the mysterious, very powerful, NSS group have fabricated it in order to discredit management;

2) or insiders have been printing shares in the basement, not disclosing related party relationships, allegedly forging legal opinion letters (also on the internet and also sources uncited), issuing press releases that there are 722mm SO, also monkeying with the AS 2b or now 3b, approving RS and then revoking the approval, etc.

So either there is a huge NSS of somewhere as low as maybe 300-400mm to as high as 1.2b-1.4b,

or someone has been issuing and selling the crap out of shares...

theories - I subscribe to OCCam's Razor... the simplest answer is most likely the correct one... no mysterious conspiracy group

or maybe its neither, or both...

besides - here is the insider dicslosure on yahoo...

MAJOR DIRECT HOLDERS (FORMS 3 & 4)

Holder Shares Reported

No Major Direct Holder info Available for SPNGE.OB

Now how can that be? No Forms 3, 4, or 5's... hmmmm... didn't Sarbanes Oxley make a huge deal about that? not to mentio the requirements under the Act.

Stop saying "No! it isn't so!!" in the mirror and make up your own mind...