Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

IMO.....Mosko signed off on the 3B OS as the TAs books showed 3B OS. Worldwide inherited the books of Olde Monmouth. The question why did he not back off when he he is publicly insisting on 723 M..... for one if he does not agree, then he would end up issuing 20Million shares to Cresta and two, he would have to open up SPNGs books to show the gap. I think Mosko knew that the investigation was heading the direction of Justice! And Mosko would then willingly put everything on the table!!

Somethings to ponder...the June TA report is out of balance. There are a lot of missing entries inclusive of Shares given to RME and Shares given to SPNG for cancellation & into the treasury. SEC claims the OS on 16 April was 1.6B and by end of May the AS was 2Billion...so supposedly the OS was 2 Billion by end of May. If this was the case then why didn't TAs report reflect the net Issuance of 2Billion shares.

The June TAs report (Olde Monmouth) has an imbalance....who created the imbalance, SPNG or the TA? If Mosko is insisting that he did not have anything to do with the forged opinion letters, then the TA caused it and the TA is responsible for recovering the imbalance. Of course the TA would have required the help of SEC & DTC to recover the imbalance. On the other hand if SPNG was responsible in creating the imbalance then the Company is responsible to recover the imbalance which may include purchasing shares from the open market.