Replies to post #314870 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[OldTymer]

CFG, anything is possible. However, just because they were on board for 8 weeks prior to the Wells Notice, doesn't mean that SPNG sent them any information. Remember, we don't know what they were doing at that time. We assumed they were auditing their books, but we don't know that. R&H could just as well have been sitting their waiting for documents to arrive.

All I know is that my source was very detailed on the fact the SPNG didn't send them anything until just this past March, and what they sent them isn't anywhere near what R&H needs to do the audits. Could he have heard things incorrectly? Sure, anything is possible, but he was very specific about it being March.

Past that, I don't now. I've been making calls to confirm this myself, but no one's talking. Frustrating.

[themanfromboston]

Reilly was retained for only one reason:

to pump up the stock

why?

because

THAT IS WHAT SCAM COMPANIES DO - deceive the investors

Rielly and the new SEC lawyer came as a team, back in January. Rielly was retained to help the lawyer with the accounting issues of the Wells Notice. And I believe a major part of that was the SPNG/RME accounting and business relationship. His accounting/auditing/consolidation experience was the main factor in his involvment. And his connection with PIKE too.