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Re: janice shell post# 99724

Tuesday, 11/24/2015 11:21:24 AM

Tuesday, November 24, 2015 11:21:24 AM

Post# of 220209
Janice,

At the time that SPNGQ had about 2 billion shares authorized and outstanding, 1 billion shares appear to be have been DWAC'd. I believe that has significant implications as to the true number of Outstanding Shares after that.

All Cede shares were subsequently cancelled and reissued after that, also, when after a new transfer agent was put in place. They were then consolidated into a total of 10 Cede certs. In addition, a doctored list of shareholders was posted to the angelfire website soon after the new TA was in place, and despite a gag.

We also have the fact that a required list of shareholders was never provided in the bankruptcy case.

In addition, we still haven't seen the company's lawyers tried.

So two questions come to mind.

1. Did the company have control over the number of shares which would have been required to justify the claimed OS? But more importantly,

2. Did the company at least have control over enough shares to fund their operations, and pay their creditors?

SpongeTech shareholders have received less than the law requires in this case, since no government agency has required a list of shareholders. Why not?

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