Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

As I understand it, if there are no further quarterly 10Q or annual 10K filings, any transactions made by Pike would require 4's (a 3 is a one time deal) based on the 722 ad infinitum as long as the shares remain registered. So he would be required to file on any transaction up to and including one that drops him below 72 million.
As far as SM, MM and FL are concerned, their ownership percentage is not what requires their Form 4 filings..........it's their relationship to the company as officers/directors. Every transaction in SPNG stock from the date of their Form 3 filings forward has and will require a Form 4 filing as long as that relationship is intact.


ps. I still believe that RME owes a Form 3 to establish beneficial ownership based on their Class B holding and I can't get anyone to provide any reasoning to refute it. If someone shows an interest I'll link my argument.