Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

Mosky knew in May about D&D. D&D had to observe inventory at the Dicon plants on May 31st. Its a requirement of GAAS (Generally accepted auditing standards). If D&D was going to do any work on FY 09, it would be in writing (CPA engagement letter, another GAAS requirement). Why do the audit work, if he knew about the PCAOB issues. Its a simple matter of getting paid, avoiding lawsuits and professional ethics.

The SEC knows this to be a fact, based on depositions with D&D, R&H and review of PCAOB evidence files. All they need to do is ask R&H for confirmation about Mosky's first contact. Line that up with the D&D deposition and its over.

Mosky had 4 days to file the required 8k about D&D resignation and the related reasons. He lied about this information 8 weeks later (50 days late), and corrected himself on Sept 16th (105 days Late). This admission of his lie, is based on advice from the much heralded SEC attorney Siegal IMO. The admission of his lie is what it is.

During this period, there were two dumps. Black Friday and Sept 1st 10k release date. In addition, professional pumpers were hired. Rosen will kill him on this lack of disclosure. It'll be Mosky's word against the depositions of D&D, R&H and the PCAOB files. The Sept 16th admission of the lie is the killer.

He's done. JMHO, but Helloooooooo Rosen.