Home > Boards > US OTC > Delisted > Spongetech Delivery Systems, Inc. (fka SPNGQ)

First, the judges and agencies had everything including

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Zorax   Tuesday, 06/23/20 11:56:51 AM
Re: highlandernew post# 346722
Post # of 346802 
First, the judges and agencies had everything including the real list of shareholders, which are insiders, warrants, preferred and receiver of shares on the corporate ledgers as recorded holders. Common shares are not on the corporate ledger as individual holders, only as a group number and a corporation need not know common shareholders by name. Proxies are sent out by the corp TA or the company brokerage to the street name holders individually, not the company itself.

Second, you are likely a foreign s-p-ng common share owner, who was on a gang street name broker list and your name would never need to show up. Your retail name is known only by your broker and not the company. Common shareholders are the bottom level losers of all litigation against scams.

The judges and agencies have the brokerage bulk street name lists, ex: etrade would have 1000 common shareholders, but would submit just the total holders, the names are not significant in this case. Should there be actual litigation that effects street name common shareholders, it is easy to get the names from the associated brokers if ordered by a judge.
There isn't any litigation to return anything to the common shareholder in s=p=ng, all common were cancelled. They're totally written off.

There is no legal or officially sanctioned class action suit in s-p-ng for the commons. Never has been, and any claim there are any is delusional.

And lastly, I never heard of a statesian.


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