An amendment has been filed with the Delaware Secretary of State that amends SpongeTech’s certificate of incorporation for the reverse stock split, effective as of 5:00 pm ET on September 22, 2009. SpongeTech has also begun the approval process with the appropriate regulatory authorities.
"POST SPLIT" MEANING AFTER THE SPLIT HAPPENS , NOT PRE SPLIT - POST SPLIT - THE AUTHORIZED WILL BE 900 MILLION SHARES POST SPLIT - THAT IS AFTER THE 100 FOR 1 REVERSE SPLIT , MEANING THE AUTHORIZED SHARES POST SPLIT , 900 MILLION , IS EQUAL TO 90 BILLION SHARES PRESPLIT > 90,000,000,000 SHARES! WOW - Get ready for the Dillution machine , they wil be marketing stock like they do sponges , I bet they can sell as many shares as they can sponges , they know this....
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