Spongetech Delivery Systems Inc (fka SPNGQ)

[overachiever]

SPNG DD: MUST READ FOR POTENTIAL INVESTORS.

SPNG has a lot. Let's look at all the things they have.

A 3 billion A/S which has been raised over and over again while the transfer agent was gagged to keep all the ignorant shareholders blind as to the outstanding share count.

400,000 dollars worth of liability for hot checks. Even Charles Ponzi was never charged with hot check writing. COO Moskowitz makes his name in the world of scamming.

Liability for forging "over 100" legal opinion letters which they used to dump hundreds of millions of shares of unregistered stock onto the public. They sure scammed that lawyer who's signature they forged! Yep. What a dynamic duo Metter and Moskowitz turned out to be.!

Liability for falsifying financials. Lots of con men penny stock operators have done that but SPNG did it with style! The numbers exploded out of nowhere.

Liability for Refusing to file their 10K and 10Qs which sets the stage for the company to have its registration revoked. The stock will then no longer trade and will have a market value of zero. Any con man dreams of wiping out his marks. SPNG is well on the way to doing exactly that.

Liability for lying in PRs while dumping hundreds of millions of shares of unregistered stock onto witless naive investors,. Hehehehehe If you ARE GOING TO LIE TO THE SEC, WHY NOT JOE SHMOE?

Liability for Creating fake customer list which supposedly accounted for up to 99% of total sales

A stock which was suspended by the SEC,

Trades on the grey sheets, which puts them in an exclusive club of companies known for scamming the public

A Well's Notice, which means the SEC has notified them of their intent to sue for securities fraud. Not many companies have one of those.

They are getting sued by the NY Mets! That should be valuable to any baseball fan potential suitor who would like to meet Fred Wilpon. Maybe he could get an autograph when they meet in court.

Getting sued by Madison Square Garden. Once again, this is an exclusive situation. Not many companies can boast they scammed one of the most famous sporting forums in the world.

Liability for unpaid royalties to the company which produced their television commercials. They are getting sued for this too. Where else can you find a scam that is getting sued by so many of it's service providers?

3 Class Action Lawsuits. Yep. SPNG has not one, not two, but three class action lawsuits filed by disgusted wiped out shareholders in which this unique investment opportunity has been accused of lying, cheating, falsifying financials and otherwise engaging in general bad behavior. Not many stocks out there you can buy which have 3 class action lawsuits against them

Yeah SPNG has a lot. A lot of liability.