Spongetech Delivery Systems, Inc. (fka SPNGQ)

[bigbadralph]

We don't need any bs right now, there has been enough of that. Pike could be bailing for all anyone knows. This is what I deciphered so far.

* M&M got arrested
* The 5 customers that Kaja Whitehouse mentioned in the article apparently do not exist (as she stated)
* Those 5 customers represented up to 99% of sales through May 2010. (This is a little bit broad because it could be 99% 2 years ago, and nothing now)
* While I am not shocked, I am suprised that these guys really thought they could get away with this.

Its probably a safe assumption there will be no 10k released today.