Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TJG]

Posted by: TJG Date: Thursday, December 24, 2009 4:40:33 PM
In reply to: TJG who wrote msg# 271796 Post # of 271798

From the 13D...yea Pike thinks this is a Scam...hahahaha...BIG THINGS A COMING...GO AHEAD AND SPIN IT...Facts are facts..Pike owns 20%

Item 5. Interest in Securities of the Issuer


(a)
The Reporting Persons beneficially own:


(i) Collectively, the Reporting Persons beneficially own 145,570,000 representing 20.1% of the outstanding shares of Common Stock.


(ii) The LP Fund individually beneficially owns 23,417,250 shares of Common Stock representing 3.2% of the outstanding shares of Common Stock.

(iii) The QP Fund individually beneficially owns 122,152,750 shares of Common Stock representing 16.9% of the outstanding shares of Common Stock.

(iv) PCM, as the general partner of the LP Fund and QP Fund, may be deemed to beneficially own the 145,570,000 shares of Common Stock held by them representing 20.1% of the outstanding shares of Common Stock.

(v) Mr. Pike may be deemed to be the beneficial owner of the 145,570,000 shares of Common Stock beneficially owned by PCM representing 20.1% of the outstanding shares of Common Stock.

(b) The LP Fund, PCM and Mr. Pike have shared power to (i) vote or direct the vote of, and (ii) dispose or direct the disposition of, the 23,417,250 shares of Common Stock held by the LP Fund.

The QP Fund, PCM and Mr. Pike have shared power to (i) vote or direct the vote of, and (ii) dispose or direct the disposition of, the 122,152,750 shares of Common Stock held by the QP Fund.

(c). A list of the transactions in the Issuer’s Common Stock that were effected by the Reporting Persons during the past sixty days is attached as Appendix I. No other transactions with respect to the Common Stock that are required to be reported on Schedule 13D were effected by any of the Reporting Persons during the past sixty (60) days.