Spongetech Delivery Systems, Inc. (fka SPNGQ)

[reginoo]

How good is Pike's involvement in a public company for stockholders in the same company?

take simple look at just one example:


Pike Capital Management, LLC Enters into Non-Disclosure Agreement with WindsorTech d/b/a QSGI
http://www.qsgi.com/press_69.htm


On August 2005 Pike owns 1.7 million shares as per above link.


On October 17, 2005, the stockholders of the company voted in favor of changing the Company name from Windsortech, Inc. to QSGI INC
http://www.sec.gov/Archives/edgar/data/27960/000095015908000659/qsgi10k2007.htm


WinsorTech's sybol changes from WSRT to QSGI


Pike continues to buy QSGI shares into the millions.


On June 2006 Pike owns 5.6 million shares of QSGI
http://www.sec.gov/Archives/edgar/data/27960/000089016306000426/s11-6430_13g.txt


On March 2009, Pike still owns 5.6 million shares of QSGI
http://www.sec.gov/Archives/edgar/data/27960/000095015909000943/qsgi10k.htm


OSGI moves from OTCBB to Pinksheets


On July 2, 2009, QSGI INC filed for Bankruptcy
http://www.sec.gov/Archives/edgar/data/27960/000095015909001605/qsgi8k.htm


On September 11, 2009 CFO Resigns
http://www.sec.gov/Archives/edgar/data/27960/000095015909001895/qsgi8k.htm


QSGI symbol changed to QSGIQ.PK and now trades at $0.001/share
http://finance.yahoo.com/q?s=QSGIQ.PK