Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

It's true. 3 guys have enough votes to be their own little quorum.....no need to even ask other voters what they think. But I don't understand how they duck an annual meeting. I'm pretty sure that both the company by-laws and the State of Delaware require one.
Come to think of it, the next time somebody suggests exposing some unsupported positions via a dividend maybe someone should ask whether a shareholders meeting wouldn't serve the same purpose.