Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Thanks for checking.
I've had a few of those chats with the folks at the SEC myself. At some point in the middle of the call I feel like I've learned something and then, when I hang up, I'm not so sure anymore. I suspect that has a great deal to do with the reason that they appear to prefer to return even the clearest e-mail questions with a phone call rather than an e-mail. We used to call it a "fudge factor".
In any event, based on the FL and MM filings, I'm comfortable with my interpretation, although I understand your concerns. I'll watch for a definitive answer.......hope you can get one.