Replies to post #292717 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Risicare]

That is some very good reasoning.

[1jk1]

What struck former ESL analyst Daniel Pike was how well Lampert understands risk. "He's obsessed with protecting his downside," he says. Lampert does this by holding just seven or eight major investments at a time -- investments he knows intimately after intensive research. Pike recalls getting a taste of Lampert's methods when he applied to work there after quitting an investment-banking job at about the time ESL was investing in AutoZone. Before hiring Pike, Lampert sent him on a grueling, all-expenses-paid field trip to visit auto-parts retailers throughout the country for a month to test his smarts.http://www.businessweek.com/magazine/content/04_47/b3909001_mz001.htm glta

[puppydotcom]

Christy,

at this point Pike is not a party to any legal issues .. we know about

its all spmg/insiders/RME and at this point its all civil stuff

so if spng does end up to court . it will most liley go before a
ALJ (Administrative Law Judge)

if the SEC is really hot and heavy on them it can in up in Federal court before a jury for civil fraud charges

now we wait!
to see if other shoes drop