Spongetech Delivery Systems Inc (fka SPNGQ)

[risk54]

Wadi,

If option c, and they issue new shares for short covering, what happens to the 1+ billion illegal shares already in the market?

Anyhing is possible, but the only way to get rid of these illegal shares is to make them cover in the open market, then retire said shares.

Unless there's another way to rid the market of the illegals that I haven't thought of