Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

After 10 years of pounding on their doorstep; both literally and figuratively you get that way. I have learned a great deal regarding the operations of the SEC and how they handle investigations such as the one that SPNG is involved. I also know that calling their investor support line is useless as they give nothing but boilerplate responses.

FWIW, I met with the OIG last year to discuss the SEC's handling of NSS and at the short sale roundtable earlier this month I spoke to Chairman Schapiro and offered up my concerns about transparency of information regarding Fails to Deliver and used SPNG as the example. It was with regards to how fails could help con men divert the truth about Fails to execute their scam. Schapiro is on my e-Mails and reads them. She even thanked me for sending them (believe it or not).