Spongetech Delivery Systems Inc (fka SPNGQ)

[weeblewobble09]

From their 8-Sep-2009 8k:

It is anticipated that the Reverse Split and Authorized Share Reduction will be effective on the close of business on September 22, 2009, subject to the receipt of necessary regulatory approvals.

http://biz.yahoo.com/e/090908/spng.ob8-k.html

That was the 8k reducing the a/s to 900M. 3 days later they changed it to 300M.

So there you have it, right from the company's mouth. Delaware's a joke, they have no policing activity what so ever. SPNG never lowered the a/s on August 21st. Again:

It is anticipated that the Reverse Split and Authorized Share Reduction will be effective on the close of business on September 22, 2009, subject to the receipt of necessary regulatory approvals.