Spongetech Delivery Systems Inc (fka SPNGQ)

[themanfromboston]

sea, good review...

essentially SPNG did NOT file their 2009 IRS taxes for the year ending May 31, 2009.

why?

which statements would they file with the IRS?

the correct ones

or

the fraudulent ones?

get the point?



If they filed the correct ones with the IRS, then the SEC can use those and compare to the $51 million revenue/$11 million net income and nail SPNG management.

If they filed the false ones, then the IRS can use them to nail SPNG management.