Replies to post #314874 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

And they would do this under the watchful and investigative eyes of the SEC, especially so after having been served the Wells Notice....Patchman, your statements sound dubious....

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?