Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

Wrong. The evidence is out there that RME was dumping shares into the market and that they were not retiring shares as many here are so willing to put their faith in.

Sale of Unregistered securities charges against M&M implies THEY were the individuals selling the shares. "Sale" means sell not retire.

The lawsuits filed all refer to RME making payments for SPNG. They do not do this for the goodness of their own hearts, they do it for payment (shares) in return. The fact that SPNG NEVER has any cash makes it impossible to buy back and retire shares.

Many here want to stake claim on huge revenues driving huge capital to engage in all these activities but the evidence does not support such wishful thinking. The SEC has laid claim to cooked books (fake sales revenues) and market manipulation (pump and dump). If the sales are fake, so all all the intended uses of the monies they never really received.