Spongetech Delivery Systems, Inc. (fka SPNGQ)

[cowtown jay]

That's More Like it, Steve!

Whatever his reason for the Stipulation of Discontinuance of his participation in the lawsuit vs. the NY Post, et al, email correspondence from Steve today made it clear that as far as he is concerned, he "Will never resign" from SpongeTech. So we can remove that consideration as a reason for the Stipulation.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=100008&tid=258142&mid=258142&tof=2&frt=2

This is a departure (or a clarification) from what we read in the Opposition filed by Greenberg Traurig. "SpongeTech understands that defendant Steven Moskowitz intends to resign as soon as an interim CEO is on board."

http://viewer.zoho.com/docs/pmhcL footnote 3

The Weiss Opposition never did say that Moskowitz's resignation would be submitted in an effort to address the SEC's concern over management's continued participation in the company. The referenced footnote clouded the issue. And the clarification is, to me as a shareholder, welcomed news.