Spongetech Delivery Systems Inc (fka SPNGQ)

[reginoo]

brains when you posted this message on December 27, 2009, SPNG had already received the Wells Notice from the SEC indicating that after months of formal investigation, it intended to file securities fraud charges againts SPNG, Metter and Moskowitz.

I have been reading the SEC complaint. Show me, where they do say, that SPNG did something wrong? If you read the text as one should read it it points into the right direction: The SEC is looking into both sides - SPNG and those who have accused SPNG of doing something wrong. Nothing more to say, because it is very clear what has been meant by the action of the SEC.