Replies to post #234902 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Stock Stallion]

yes i saw that earlier. was interesting.

[dfwhip]

Is anyone hear a part of the class action lawsuit? This is the first I've heard of it.

[hasher]

Depending on the information the SEC receives, it can choose to lift the suspension of the company’s shares so that it could trade again next Monday.

I dont think its a matter of choice. They have to let it trade by monday, albeit on the greys. If they want to suspend this one after that, I believe they need a different reason to do so.

[puppydotcom]

The class action suit, filed on Friday, seeks to compensate shareholders if the company did misstate their financial information, among other charges. SpongeTech officials have said that the company had a problem with its auditor.

Since the suit was filed, Laurence Rosen – whose lawyer who is representing the plaintiffs -– says he has received more e-mails from people who want to be part of the case than any other case he has ever worked on.

I'd say they have plenty of people ready to sign up ... no 10k and pr explaining .. watch for stampede to the lawyers door
lol