Replies to post #314830 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[timetomakemoney]

So far Pike hasn't filed any SEC's Form 4 about buying or selling any shares.

[OldTymer]

starfire, that's a good question. I have no idea why he was brought on. It doesn't take a year to audit filings. So you have to ask yourself why has it? Besides, if things were going so smooth between R&H and SPNG, why would they need Reilly to work with the both of them? It's an audit of their filings. We have a company and we have an auditor. Everyone knows the process. Exactly what is it that Reilly was supposed to do?

[patchman]

Just remember, just because you see a name brought into a company does not mean that all is legit. As a point of reference to that comment, consider how CMKX brought in Robert A. Maheu as a consultant. It was all presented as a “sting operation”. Maheu being a Google recognizable figure associated with the federal govt. added color to that theory. In the end, Maheu was nothing more than an advertisement to shareholders with no real responsibility to the company but to sell his name in order to hype the fraud. D&T was the same type advertisement and so is Reilly. There is nothing Reilly brings to the table now as he has no means to manufacture the data that Robison requires to file the delinquent filings. The papers are either their or they are not.

Companies restate earnings and switch accountants all the time. They do not go a year delinquent in their filings each time they face this same issue. How hard is it really to audit a $5 Million business (2008)? Really, how many employees were there? How many purchase orders were there?

[themanfromboston]

yes, Reilly came on board because


THAT IS WHAT SCAM COMPANIES DO - they deceive the investors

Reilly, their financial consultant came on board in Dec...right?? to work with M &M and R&H!!! Any idea why they did that??