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underdog150

04/18/10 2:43 PM

#308317 RE: 1jk1 #308313

Do you see anything about 2003 in this SPNG pr?
http://www.dailyfinance.com/rtn/pr/spongetechand-x00ae-delivery-systems-inc-addresses-temporary-suspension-in-trading/rfid258231966/?channel=pf
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ot,question did sec tell spng they have to reaudit all of spng yearly financials that d&d did.If they did it looks like d&d went as far back as 2003.This may another reason for the lenghty timeline.Talking about 7 years of reaudits approx.Is that your impression.tia glta
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OldTymer

04/18/10 2:50 PM

#308321 RE: 1jk1 #308313

1jk1, according to what SPNG put out, they had to reaudit, not restate their filings because of Drakeford & Drakeford. According to a shareholder update, they only had to reaudit going back to 2008. Beyond that, I'm not sure how far they went back:

http://www.thefreelibrary.com/SpongeTech%5BR%5D+Delivery+Systems+Announces+Release+of+Letter+to...-a0208228701