Next, regarding the lawsuits. Those lawsuits were sparked by a naked short advocate, who also sparked the New York Post articles. The lawsuits entire basis seems to rest on the New York Post articles as fact. Furthermore, the connections between the New York Post and the naked shorts are too obvious.
Secondly, the failure to file was do to an accounting issue with the old accounting firm, out of spongetechs hands. Then came the suspension due to the Naked Short advocate and the NY post articles. Since then SPNG has been waiting to get all the ducks in order to get back to the proper exchange to release the Filings. At the moment, on the greys, they are not required to file anything.
And lastly, regarding where we are selling the product. Yes, that is very important, as Wal-mart has been every longs dreams, and you can’t get better than having your product carried in walmart.
We are there, spongetech has achieved the ultimate goal, walmart. Now they continue to come up with new products, and soon we will see our filings I do suspect.
I ever so much look forward to the day shorty gets what hes got coming to him.