Spongetech Delivery Systems, Inc. (fka SPNGQ)

[flrda444]

Doug says:

The information that all seek is going to be forthcoming just as soon as everything can be worked out, cleared and properly coordinated.

The lack of current information is not because the company wants to keep the shareholders in the dark. It is because they are working in concert with the regulators to help assure its proper delivery into the public domain and also so that the investors will be able to trade the stock appropriately once the information has been released.

It is not as easy as many would like to make it sound. Everyone is so quick to blame the company for this but I can assure you that the company is not stalling. They are trying to work within the system for the benefit of all shareholders.

Releasing things like current sales, etc. without first releasing the 10-K and the 10-Q is not appropriate. First of all nobody would believe the numbers anyway and so it would be an exercise in futility for them to be released.

And second of all as we are now mired on the grey sheets, the ability to trade upon important information is virtually impossible and so the company is actually doing its shareholders a favor by trying to wait until a fair and proper trading market has been re-established prior to publishing any material inforamtion.

I know that the wait is frustrating but it is also necessary in order to get things done in a proper and fair manner for all paties involved.

For those of you wanting a truthful answer, this is it.