SB why is the sticky post the one that GFGU rescinds? It should be this one or am I missing something
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc. (“SpongeTech” or the “Company”), “The Smarter Sponge™”, (OTCBB: SPNGE - News) announced today that the previously announced investment arrangement with GetFugu, Inc. has been rescinded.
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SPNGE.OB 0.0899 -0.0162
{"s" : "spnge.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} On September 8, 2009, SpongeTech had announced that it was going to invest $4 million into GetFugu’s mobile-based web search and e-commerce technology, and that SpongeTech would be the first company to utilize GetFugu’s innovative mobile search platform.
An aggregate of $1,750,000 had been advanced to GetFugu in anticipation of the entry into a definitive investment agreement. GetFugu has advised the Company that it currently does not have the funds to repay the $1,750,000 and that it is seeking alternative financing sources to fund a reimbursement.
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