Spongetech Delivery Systems Inc (fka SPNGQ)

[cowtown jay]

Steve sent the first four opinion letters back to Pensley, as I recall. Pensley claimed he never read the emails. But it doesn't look like Steve was trying to hide anything. Pensley was awarded shares. And it is possible that Steve thought he was using Pensley's opinion letters in accordance with an agreement made with Pensley.

And at this point, we only know one side of the Bomart story.

We also know that Steve changed T/A's. And that there is discussion about a problem with the cert list received by WorldWide. You'll correct me if I'm wrong.

However, in the event that I'm not wrong, then it would seem that we have Olde Monmouth failing to maintain an accurate cert list, and we have Pensley now admitting that he made "misstatements" in his testimony to the SEC.

So I don't know where Steve's actions properly place him. Nor do I know where Olde Monmouth's or Pensley's actions properly place them.