Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Need a New Alias]

Dale-RME is not the financing arm of SPNG; it is the share laundering arm.

SPNG does not have shares registered for sale to the general public, so they are forced to rely on one of the exemptions from registration in order to peddle shares.

In the case of RME they are using a charade of RME "loaning" money to SPNG (right pocket, meet left pocket) and then SPNG "repaying" the loans by issuing shares to RME, who dumps them into the market or uses them to hire shills.

Nice work. RME gets to keep the lion's share of the proceeds for the three spongekateers, send enough money back to SPNG to maintain the facade of being a real company, and start the cycle all over again.

It's also highly illegal.