[SPNG]: Who is Promoter Alan Palmer, Jr. and what is his relationship with scam company SPNG?

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As Promoter Alan Palmer, Jr. (who uses variations of the name "mingy" on the stock message boards) continues to pump and hype scam company Spongetech Delivery Systems, Inc. (SPNG), it seems that his employer at Iowa Grain Company in Chicago, IL is not aware of his actions on the Internet, particularly when the computer systems of Iowa Grain have been used to hype this fraud of a company with valuations into the hundreds of billions of dollars for SPNG.

Scam company SPNG trades in the range of 4.5 cents/share and has been suspended by the SEC for 10 days for filing false and misleading financials with the SEC and issuing press releases with false and misleading sales and order figures:


http://www.sec.gov/litigation/suspensions/2009/34-60788-o.pdf



SPNG has also received a Wells Notice from the SEC notifying it that it intends to file securities fraud charges against it and its CEO and COO, Michael L Metter and Steven Y. Moskowitz in one of the most wide ranging set of violations of SEC regulations every seen:



http://snipurl.com/vtafo



This gives you a little more background on the Promoter Alan Palmer, Jr.:


http://snipurl.com/vtahy








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