Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

Ranger your points are way off base.

2. There is no requirement at this point to file a new set of statements for 2008.

3. No financial statements for 2008 will be filed unless the re-audit results in a need to adjust and restate the 2008 audited results. Hence, there would be no need to re-audit the y/e 5/31/07 financial statements.

What do you think is in the 2009 10K? The 2009 and 2008 financial statements. And they have to be audited by a new auditor. You are aware that the 2009 10k is a comparative set of financial statements.

In order to accurately state a 2009 10K, the auditor has to audit the 2007 Balance Sheet. This 2007 Balance Sheet is needed to prove the accuracy of the 2008 Income and Cash Flow statements.

Need proof of this Fact!!!!! Just review any 2009 set of audited financial statements and look at the Cash Flow statement for the comparative 2008 year. See "begining cash", thats from the 2007 Balance Sheet. And thats just ONE example of how the 2007 Balance Sheet plays a part in the 2009 10K.