Spongetech Delivery Systems, Inc. (fka SPNGQ)

[drugmanrx]

Patchman

As of today the only 10ks that might be false are 07 and 08,
500,000 and 5 million in sales respectively.

The 09 has not been accepted yet, and was done by a different accounting firm than by the 07, and 08. As of today they is no indication that any thing in the o9 10k is false.

The fact is that the only reason that the 10ks are in question for 07 and 08 is that the accounting firm that did them were in question.

Point that is missed here is that SPNG submitted the audited results to the SEC in 07 and 08. IMHO SPNG as a company planning on growth and moving to a bigger exchange they would know what they would be held accountable for especially with Moskowitz's and Metter's wallstreet background.

The other point never discuss is that it is possible 5 over sea companies might be one guy in each case out of his basement acting as a self distributor buying the sponges and redistributing them.

Happen in this country all the time. See Ebay.