Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

It was a sloppy post and I buried my own point.

1. The Subscriber Agreement was reached on 11/5.

2. It was to have been PR'ed by GFGU prior to 8:30AM on 11/6 without identifying the Subscriber. It wasn't.

3. It was instead PR'ed by SPNG at 3:30PM on 11/6 , stating "Both companies have come to terms on the original investment of $1,750,000 that was advanced by SpongeTech and its affiliates back in September." Without identifying "its affiliates".

4. SPNG filed an 8-K at 4:02PM on 11/6 identifying RME and providing the Subscriber Agreement as an exhibit.


The fact that the parties agreed to announce the agreement prior to the close yet to identify the actual 2nd Party to the agreement after the close is interesting........that's all I'm saying. It's an interesting point to come to agreement on.