Replies to Post #199550 onSpongetech Delivery Systems, Inc. (fka SPNGQ)

SpongeBob, it means that the old accounting firm has found something in the filing which, if they sign off, could get them in trouble, so they won't sign off. In other words, they're covering their ass. They're responsible for the accuracy of that 10K.

Stock Stallion

09/15/09 6:33 PM

#199570 RE: SpongeBob2010 #199550

it usually means the NUMBERS don't add up and they won't put there name on it.

sponge_digger

09/15/09 6:36 PM

#199584 RE: SpongeBob2010 #199550

I'm not following every post but I read one earlier from some who spoke with SM and said the filing has been complete and was being "edgarized"

That is a company who handles filing no?

We have conflicting stories

Who holds the most credibility

This shall soon come to pass and someone will have none

GLTA

weeblewobble09

09/15/09 6:37 PM

#199587 RE: SpongeBob2010 #199550

If this is true then I predicted this. SPNG will announce that the accountant will not sign off, due to the firing (the real reason is that the numbers don't add up). Then SPNG will announce that Deloite is taking over the audit but that of course it will be several weeks before the 10K comes. 10K never comes and SPNG is a pinkie. At least it won't be under a penny, thanks to the R/S.

papaul

09/15/09 6:37 PM

#199589 RE: SpongeBob2010 #199550

Oh my God - You are kidding right ??

Those Mutha Fokers !!

bwog

09/15/09 6:42 PM

#199601 RE: SpongeBob2010 #199550

Look at the bright side, if the 10K is late (and they will turn out a 10K) that just means they are late, they get an 'E' and they aren't going to get to uplist to the NASDAQ, which I suspected that wasn't their goal anyway (probably got an offer and are selling the company).

No uplist means no RS is needed or called for. Not the end of the world as some are trying to hype and scream.