Replies to post #214825 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Renee]

Reporting companies must file an 8-K for all material events .

An SEC Investigation is a material event .

Renee

[bwog]

It would make sense if it was where SPNG was an effected party due to the actions of others.

I know many are automatically assuming that it's SPNG on the hot seat, but if they were they probably wouldn't have put that into an 8K.

Wondered about one thing, is there a requirement for a company to file an 8K or PR saying they are under investigation, if not why would SPNGE file this. The SEC doesn't make public this sort of thing until after, why would SPNGE even release this?

Very good question. The 8K doesn't make any sense. This is quite the roller coaster ride.

Big Lug

[Mingy]

Big Lug, Read about YOM KIPPUR on wiki, talks about the 10 days to repent from rosh, is MGMT giving shorty 10 days to repent and get even before they are toast? Let the shorts 1 last day to clobber spnge on this news, then tuesday is go time to the upside.