So, on June 12, 2009 -
Are the Mutt Brothers claiming those listed in their current lawsuit were responsible for the 550 MILLION shares dumped into the market, crumbling the 28c pps?
At that time, SPNG BOD was claiming they re-purchased enough shares to reduce the O/S to only 722 MILLION shares.
- How do they substantiate over 75% of the O/S trading in a SINGLE DAY?
- Yet, within T+3, over 99% of all traded shares cleared without a delay!
How were the litigants (Whitehouse, Buhl, Patch, Sykes, et al) involved exactly?
Sorry, but the Mutt Brothers have been running a DISTORT operation for the past three years!
- No share structure update in over 1 year (Distortion)
- Gagged Transfer Agent (Distortion)
- Misleading and deceptive "Share Repurchase PRs" (Distortion)
- Wild claims of millions in revenues, yet unable to pay debts, liabilities, and salaries (Distortion)
- No shareholder meetings as required by DE corporate statutes (Distortion)
- No shareholder updates with regards to various lawsuits naming SpongeTech, Moskowtiz and Metter as "Defendents" (Distortion)
- No official SEC filings for past year (Distortion)
