MLM,
I think you should reconsider item #2. It's my understanding that the Registration filing at the end of September was the starting point for any filings required under the 1934 Act. So the purchases referenced here (from the website) would've occurred prior to that point and hence did not require filings:
"Posted: Mon, July 20, 2009
SpongeTech® Delivery Systems, Inc. CEO and COO Purchase Company's Stock
SpongeTech® Delivery Systems, Inc., The Smarter Sponge™, (OTCBB: SPNG) is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members*** have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing."
However, those purchases should have been, and presumably were, reflected as holdings in the Form 3 initial ownership statements that were eventually filed.....to the extent that the shares were still held. An attempt to reconcile the 2008 10K reported holdings plus the PR'ed purchases to the Form 3's was interesting, but a subject for another time.
A suitable replacement Item #2 might be the SEC imposed trading suspension.
***Members?
