Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

The SEC "field investigation team" is done. Before they left in Mid-December they informed Mosky of the Wells notice and sent a letter confirming this on Dec 24th.

Unless additional evidence comes to light, the investigator's workpapers "speak for themselves". No more document requests, no more questions or interview requests from SPNG mamagement. The field work is complete, thus the Wells. Their workpapers will include, at the very least, the audit workpapers from D&D and R&H and related depositions; personal accounting and tax records of the officers, and all their related telephone, fax and email records.

It's on to the next step. And it's rapidly approaching. Thats why Greenberg and Rielly were retained. Get the "cold hard facts" and establish a game-plan, and then execute the best plan possible under the circumstances. They have the same records the investigators have requested.