Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

Because he was wrong. Before he can get to the SPNG books and records, the judge would want his numbers and the the related logic behind his statement. It's not an easy task to convince a Judge that "If you let me look at the other guys records, I'll prove myself 100% correct". Never gonna happen. He was dead in the water. Why fight it.

But Rosen is another matter. Rumor has it, the CPA he retained is a real bitch. She's (or he) gonna want the numbers and logic backing up Management's PRs, 8ks and whatever.

Rosen can't wait for the "games to begin". He's hoping the SEC has already done all the work. I have no doubt they have.

In both cases, someone has to provide proof of why they issued a statement.

Until Management releases information regarding the current status of the Wells/SEC investigation, one has to assume there are major problems. Still looking for $.06. I believe SPNG is a wonderful company, but I need something to read first. Not to much to ask, they do want my cold cash.