Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Virtual Drew]

So I ask you, with all this FRAUD listed in my previous posts this morning...

Where and when does this alleged 58 BILLION shares come into play?

How does a stock go from 1/2 CENT to 27 CENTS in just over six (6) months when 58 billion shares are floating around?!?

Don't forget the evidence provided by the SEC/DOJ during this same time period:

I highly recommend you read over the linked document below!
All the FRAUD is listed in just one document!!!

THE BOMBSHELL!!!
One month after the staggering rise from 1/2 cent to 27 cents!!!

"The cash flow charts shows that July 2009 was Spongetech's largest bank account credit month. Of the $9.174 million of deposits and credits that month, approximately $78,393 were rapid deposits of miscellaneous checks, including a corporate check from Ace Hardware for product purchases of $16,682.64, and over $9 million came by intra-bank credit memo, mostly from RM Enterprises account, a the request of Moskowitz."
http://viewer.zoho.com/docs/kCdFc
(para. 19, pg. 7 of 19)

Also read paragraphs 17 and 18, about all the money transfers from RM Enterprises and Flo Weinberg, not retailers!

"...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)

The Hubbard and Venkatesh motions are just an extension of Moskowtiz's FRAUD!!!

From my two quotes above, you can see SpongeTech netted $17.3 MILLION dollars, just two months after June 12, 2009, from
- RM Enterprises
- Acacia Investors LLC