1. D&T are not with SpongeTech. They have not even started and will not start until all filings are up to date. They have won a contract they bid for but to date have never opened a single book at SpongeTech. They did not run an audit of SPNG before accepting teh contract, they simply received an RFQ and responded to it with a proposal.
2. The PR you cite is clear. "The major customers cited in the SpongeTech’s financial statements for the fiscal third quarter of 2009 are all current and active customers of the Company." And that filing cited that three customers accounted for 83% of their business. I would be seriously concerned if NOBODY can locate these companies. I would likewise be seriously concerned in that the NY Post's investigation into these companies came off information provided directly by SpongeTech themselves.
lets see, yesterday i posted 3 times for the day...today is sunday and im killing time waiting for football to start :) As for reading ANYTHING SPNGE PR's as fact ( which can be part of the reason they are being investigated in the first place), i don't believe it...plain and simple. Like i said...why sit here posting to me. Go find these so called companies and post your DD. I would love to see it.
Market Data 
Markets 
AI
