Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

Hi, stox

Thank you for responding to my questions.

http://investorshub.advfn.com/boards/rea...

In truth, the regulatory response, inclusive of FINRA, the PCAOB, and the SEC, has seemed less than fair to SPNG and the shareholders. So I can't really agree that the weak-handed were caving in merely to message board lies and deceit/distortion, although was that hugely a factor. We were suspended and relegated to the grey market in this process. That's fact, not FUD, and contributed to the Long hands folding.

Yet, I recognize that under existing laws and regulations, the aforementioned agencies had less flexibility than "fairness" would allow. The problem commencing with DellaDonna's failure to pass PCAOB inspection, and furthered by the onslaught of complaints and allegations made to the SEC, most notably made by David Patch. So, even though, "(t)he matter at no point being the issuing company," here we are.

However, that is a micro level evaluation, relative to SPNG only. And reflective of the fact that life isn't always fair.

On the national stage, I agree with your assessment. "Just suffice it to say that we're talking about a major improvement. A far more level playing field. With the regulatory attention, in the overall, serving to provide pause for thought. The future wide open." I might add yet another legislative improvement in HR 4173, whereby the PCAOB will now be inspecting auditors of broker/dealers also, and not just the auditors of issuers, if this bill next passes the senate. The increased transparency of broker/dealer transactions will make it much more difficult to hold "...massive amounts of IOU's in private accounts."

As for disgorgement, with significant shares of the phantom float held from the .01 - .02 level, the amount of ill-gotten gain offset by those losses. A matter of cost/benefit analysis. With a simple matter of short covering yielding "tens of millions" of dollars, as long talked about. And all the more reason for management to accept the controlled buy-in.

Now, just a matter of green lights by all participants. Of getting "all those ducks in a row." At long last.

Your continued updates, stox, in light of no formal communication from the company, are all the more appreciated and anxiously awaited by the remaining Faithful Longs.

Thank you so much, as always.

jay