Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

"The key point in the definition is 'CIVIL ACTION' not a crimminal action. This is the beginning of the end and it is not looking to bad IMO."

thii is not the end .. it simply means they plan on charging the company with numerous counts of civil fraud and as they proceed and if they find other issues at anytime they can refer the findings to the DOJ and the DOJ can refer them to the IRS .. that's how this process works .. It would be best to learn these things before you start posting misleading statement to the share holders based on your opinions