Spongetech Delivery Systems, Inc. (fka SPNGQ)

[underdog150]

This was gone over many times last summer where Furth claimed
that SPNG was a 1933 reporting company, so he didn't have to
report his holdings over 5%, even though he claimed over 200 million shares. If that was true then, I doubt that
scumbag holds anywhere close to 5% now.
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Furth claims to still hold his 42 Million but technically he does not have to file because that is not even required for the 700 Million."

Not so.

If the Signature Fund sold shares so that they held less than 5% they would be required to file a 13 G/A in accordance with:
"Item 5.
Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
http://www.law.uc.edu/CCL/34ActRls/rule13d-102.html