Replies to post #209680 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[janice shell]

What makes that article even more interesting is that the lawyer is under investigation by SEC now...

"Now"??

2. The Commission’s Complaint alleged that, between 1992 and 1994, Pensley and others implemented a scheme to sell Visual Cybernetics common stock directly into the market without having a registration statement in effect as to those securities, and thereby circumvented the registration requirements for sales of securities to the public.

http://www.sec.gov/litigation/admin/3440890.htm

All things considered, I think the SEC will be looking at this matter very closely.