Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Virtual Drew]

Real Evidence! (not 450 pages of fluff!)

Acacia was coined by the SEC's Division of Enforcement as "one of the largest beneficiaries of Spongtech's distribution of shares."

"...during July and August 2009, RM Enterprises received $8,207,750 from an entity named Acacia Investors LLC in twenty-six separate wire transfers."
http://viewer.zoho.com/docs/kCdFc
(para. 35, pg. 15 of 19)

Exhibit EE
Excerpts from Acacia Investors LLC brokerage account statements showing sale of Spongetech shares received pursuant to various attorney opinion letters
http://www.scribd.com/doc/33261804/Exhibit-Complete
(starting at pg. 109 of Scribd document, pg. 18 of 34 of original PACER document)

Date of SPNG securities sales via Acacia
- 07/13/2009: 10,000,000 @ 0.1122 for $1,121,970.16
- 07/14/2009: 5,000,000 @ 0.1025 for $512,485.82
- 07/15/2009: 5,000,000 @ 0.1059 for $529,485.39
- 07/16/2009: 9,100,000 @ 0.0995 for $905,425.72
- 07/17/2009: 900,000 @ 0.0852 for $76,677.02
- 07/20/2009: 5,000,000 @ 0.0792 for $395,988.82
- 07/21/2009: 5,000,000 @ 0.0895 for $447,467.49
- 07/23/2009: 5,000,000 @ 0.11066 for $553,284.78
- 07/24/2009: 5,000,000 @ 0.1138 for $568,984.37
- 07/30/2009: 5,000,000 @ 0.146 for $729,980.23
- 07/31/2009: 5,000,000 @ 0.1543 for $771,479.17
- TOTAL: 60,000,000 @ 0.1117 for $6,703,228.97

Continuing through Exhibit EE, you will notice Acacia received these shares and the corresponding legal opinion letters leading up to their initial sell off (starting 07/13/2009) and through their entire dilution of SPNG securities in the month of July.