Replies to post #328173 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[hasher]

One thing that makes me curious is why hasn't this thing been revoked yet. What process needs to be completed to get to that stage.

[cowtown jay]

Hello, David

Why should there be anything less than an audit of the number of shares in circulation? That should be SOP in cases where there are allegations of illegal selling. I actually don't understand why you, above all people, could find that objectionable. And I think it is a reasonable and simple request in light of how that leaked share issuance log was linked directly to the certs cited in the SEC Complaint.

And with their nearly year-long investigation, didn't the SEC ultimately rely, significantly, on Pensley's testimony? It would appear that I was more accurate than the SEC was in evaluating that strategy (since you asked). Look at my Yahoo postings, May 9th for one of several examples.

Who did leak the share issuance log, David? And just because it was an insider, would not mean that there was a lack of adverse interest against the company. In fact, an insider, working against the company, could perhaps explain certain other issues, as well.