Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Pedro2004]

I haven’t been keeping up to date on this one.
Just read the Wells Notice, and—
There was another filing on December 24th, from Pike.


http://www.sec.gov/Archives/edgar/data/1201251/000101359409001676/spongetech13d-122409.htm

I thought it was interesting that Pike flipped 6,035,000 shares in a private transaction.

And then I read this part:

Although the above securities were acquired with working capital, the funds may have also used margin account borrowings made in the ordinary course of business, although neither fund can determine whether any funds allocated to purchase the shares of Common Stock were obtained from any margin account borrowings.

Has anyone talked about this yet?