Replies to post #288058 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Stock Stallion]

the better question is why did Deloitte Touche BOW OUT?
Why if everything was so Up and UP?

[Nadar]

Yep, your clues are adding up nicely-
"Think about it.
If Metter was dirty he would hire some slimeball scummy auditor who would sell his mother for a buck and would be happy to have done expidited work for a large "look the other way" fee.
I am sure New York City has some smaller audit firms that would have signed off on a 10k in a hurry for big bucks.
BUT ....
Metter hired one of the biggest and best in the country."

The longer time passes the bigger and better SPNG will be.
The non plumiting PPS nature is becoming sweeter with time.
Tic Toc === less pain for most.
Retail shorters have never applied here.

Nadar

[eliaman]

SpongeBoy nite ubss and eetm expected Rme to dump the shares they were issued not retire them back to the treasury. This is where they got trapped because, these are the shares they needed to cover the IOU'S and naked positions they took!! Don't let snyone tell you othereise. Look up convertible debt deals and how hedge funds short and look to cover into the dilution!! Bottomline, they are f'd but I believe there dill be a deal To cover per the sec!! IMO

[pantherj]

The Bounce Brothers tried that very thing with Drakeford and that didn't work out so well. D&T wanted no part of SPNG; after all, they do have a reputation to protect. So, the Bounce Brothers go all the way to Utah to get an auditor for a NY City firm. I'm sure that was the next best firm available after D&T. lololol

OF course, do we really know if RH was actually hired and paid? There certainly is no product produced by these erstwhile auditors, is there? Are they still on the job, or did they bail, too?

If Metter was dirty he would hire some slimeball scummy auditor who would sell his mother for a buck and would be happy to have done expidited work for a large "look the other way" fee.
I am sure New York City has some smaller audit firms that would have signed off on a 10k in a hurry for big bucks.

[wadirum1]

OK, but why not lower the A/S or ungag the TA? Heck, do it right now when SPNG is on the gray market. Imagine the pandemonium it would create?