Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

and clearly thats the intent of the letter ... they could not afford to lose the money! if indeed the letters are from real shares holders .. they should have never put 20k in a brand new penny stock like spng ..

All anyone needs to do is visit the SEC website and read the SEC explanation of penny stocks or speak with anyone in the investment business, all will tell the scam story the industry is ripe with - scams - pump and dumps .. major risks stock in a highly manipulated market

Investing in blue chips is certainly risk enough, but to ignore all the red flags and accumulated documentation from years of investigating the penny stock world .. is insanity

hopefully its a lesson well learned by all who lost!