Replies to post #211286 on Spongetech Delivery Systems Inc (fka SPNGQ)

[daytrader2008]

CUT--- NO company has the right to issue Letters of Opinion to take the Restricted legend off the certificates. Only an attorney can sign off to make restricted stock become free trading stock.

I am not so sure you see how serious this is. Management lifted the legend off THEIR OWN certificates so they could sell over these past few months. And the attorney reports this to the SEC.

This is not a technicality.

[callthebank]

"It's no fault of management that they have to re-audit 2008 numbers" And you know CutAuction I agree with that.

But what I don't understand is Why they did not go ahead and file there 10K. (some where saying it done)

Have the numbers checked from 2008 and if anything was a miss then file a 10K/A (AMENDED) to bring everything in order.

Unless I missed something no where did I see the where there was something wrong with the last one. The SEC just wants it looked over and resubmitted. Was something wrong number wise with the last? I never seen it, unless I missed it. This just does not seem right to me all of this could have been avoided if this would have been done.

[wbgiants1141]

Doubled my position at .09 just the other day :)