Replies to post #274919 on Spongetech Delivery Systems Inc (fka SPNGQ)

[overachiever]

Not surprised at all. These guys are cooked meat and I am sure their attorney has notified them of as much. The best they will be able to hope for in my opinion is a reduced prison sentence. I believe we will see the DOJ go after them like a bear after honey. Moskowitz is as much a con man as any crook who ever tried to pump a scam. No financial filings since it all blew up is a sign that they plan to clam up.

Cooked books, forged legal opinion letters. False press releases. Laundered money. Incestuous dealings. Sale of unregistered securities. Wash trading programs. Shills set up to buy test markets. This is a total sham.

Mengo80 and overachiever, either of you surprised that SPNG's officers have never defended or even acknowledged any of the actions against the company other than this?

[puppydotcom]

NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc. (the “Company”) “The Smarter Sponge™”, (OTCBB: SPNGE), today announced that on September 25, 2009, the Company received a letter from the Financial Industry Regulatory Authority (FINRA) stating that, pursuant to NASD Rule 6530, the Company is required to file with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended May 31, 2009 (the “Annual Report”) by no later than October 16, 2009. If the Company does not comply with this requirement, the Company’s shares of common stock would not be eligible for continued quotation on the OTC Bulletin Board. The Company is requesting an appeal hearing with FINRA regarding the determination of the Company’s security listing eligibility.

The Company previously announced that the delay of its filing Form 10-K for FY ’09 was due to the Company’s former auditor’s difficulties with the PCAOB (Public Company Accounting Oversight Board). As a result, the Company’s financial statement for the 2008 fiscal year is being re-audited and the financial statement for the 2009 fiscal year is being audited by the Company’s new auditing firm, Robison, Hill & Co. The Company and its auditors are using their best efforts to complete the audit and file the Annual Report by no later than October 16, 2009

and

all of that was before the sec suspension

this is what they told the SEC at the hearing

Deliotte & Touche LLP will assume responsibility for the audit of the Company’s financials beginning with the fiscal 2010 year that began June 1, 2009.