Replies to post #329067 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[alien42]

cowtown, none of that really matters. my question is why do you continue to ignore the massive fraud and money laundering perpetrated by M&M?

CONSPIRACY TO DEFRAUD THE UNITED STATES
MANIPULATIVE AND DECEPTIVE DEVICES
OBSTRUCTION OF PROCEEDING BEFORE DEPARTMENTS/AGENCIES
MONEY LAUNDERING - FRAUD, OTHER
PERJURY GENERALLY

[pantherj]

If Pensley is lying now (and i believe he is ... just to give himself some sort of defense) or if he lied earlier, all that means to me is that M&M either forged all of the opinion letters or only the majority of the opinion letters. I think the TA has some culpability, also. If the discrepancy was recognizable by a broker, it should have been immediately recognizable by the TA, IMO. So they are guilty of being lackadaisical, sloppy, etc. None of that, however, absolves M&M of forgery. Nor does it indicate criminal involvement by the TA, nor does it call into question the accuracy of the TA's share numbers.

[puppydotcom]

what other excuses are out there floating around defending the 2 crooks from spng .. who stole every share holder blind?

[pantherj]

I think you re tilting at windmills. As loanranger pointed out, there is nothing in the indictment either about or dependant on whether or not there is forgery. IMO, i do find it odd that a broker could recognize a "discrepancy" while it flew right past the TA. So, the TA is perhaps guilty of being sloppy, lackadaisical or perhaps negligent. Whether that rises to the level of criminal or not, I don't know. But it sure does not impugn the integrity of the TA's numbers re: share structure. We all know that if the TA said the OS was 3 billion when it was really only 700 Million, Mosky would have shouted that fact. Notice, however, he made not one whimper of protest. BTW, there are enough charges in the indictment as it stands to put these creeps in prison well beyond their expected life span. But, i betcha' forgery will be added to the list somewhere down the line.

As regards the TA's #s, I don't see that the share holders have identified any inaccuracies. They have only identified things they wish to point to and claim as inaccuracies.