First, this letter is obviously fake, and even more so, Juvenile- I've worked in my family's law office since my freshmen year in college and i start at BC law this Fall. I have a good understanding of how the law works. First, no attorney would ever release this or allow it to be released. This would violate attorney-client confidentiality. Secondly, it would be signed- clearly someone with a less than honorable agenda drafted this with the intent to deceive others, however because they didn't sign it, it technically isn't forgery. It isn't signed because then the individual who authored it would have committed a serious crime (defamation and slander wouldn't stick because Spongetech would have to prove damages directly resulting from this act). Also, the firm isn't real- made up for the same reason- to avoid the possibility of liability.
Frankly i like that management is simply going about their business as they should (despite what some on this board want)- if they actually responded to this juvenile act it would irk me- first of all they have a company to run, and secondly, it would detract from their professionalism. These are business men. Very good business men who get results- they don't care what happens on IHUB, they care about growing the company. If anyone here thinks this forged document has any merit or weight to it they are sadly mistaken. From what i know, SM is a ruthless business man- more importantly he knows his stuff and as far as adhering to securities law, he has done everything perfectly. I certainly wouldn't screw with him- whoever has been manipulating this stock (and essentially trying to bring this company down)is in for a world of pain because this management team, especially SM, will not slip up. They will not fail, they will continue to grow exponentially, and the will get us to Nasdaq, and the criminals manipulating this will go down. Very Hard.
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