Spongetech Delivery Systems Inc (fka SPNGQ)

[PennStateMtnMan]

Since securities are basically frozen when transferring from one to another, I bet they can't do it with a R/S looming. They don't want to take a chance in transferring x amount of shares and basically have it in transit when the old stock has to be turned in for new stock. Of course, this is all guessing on my part.