Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Here's my guess......but that's all it is:

http://www.fda.gov/AboutFDA/WorkingatFDA/Ethics/ucm079482.htm

"The Food and Drug Administration's (FDA) filers (i.e., employees who are required to file either a confidential or public financial disclosure report) may not hold financial interests in companies which are significantly regulated by the FDA. For purposes of the FDA Conflict of Interest regulations and this listing, "significantly regulated" is defined as "an organization in which the sales of FDA-regulated products constitute ten percent or more of annual gross sales in the organization's previous fiscal year. Where an organization does not have a record of sales of FDA-regulated products, it will be deemed to be significantly regulated if its operations are solely in fields regulated by FDA."

Is it possible that the soap chemistry falls within the broader definition of FDA-regulated products due to its use on the skin?