Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

why James P. Reilly was hired?

OT

He was retained (not hired) per Greenberg's request because he (Greenberg) needs help with the evidence found by the SEC. He needs an independent accounting review (and opinion) of all pertinent accounting information and issues. He needs someone he can trust to find the truth, the whole truth and nothing but the truth. Greenberg needs the hard cold facts to properly represent his clients.

R&H cannot get involved with management issues per SOX, but Greenberg has their workpapers (and D&D workpapers). Reilly is Greenberg's "wingman". It's that simple.

Indirectly this helps with the audits and the required disclosures, but is not the primary purpose. If it were directly related, he would have been retained in the Sept ~ Nov time period. Greenberg and Reilly are a "package deal".

My best guess is Reilly is reviewing RME accounting records and all related personal and business entities. Greenberg needs someone he can trust.