Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I think the record shows them buying on the 6th and the 7th. The Form 4 requires filing in 2 business days and the SC 13D/A calls for filing "promptly".

http://www.law.uc.edu/CCL/34ActRls/rule13d-2.html
Rule 13d-2 -- Filing of Amendments to Schedules 13D or 13G

1. If any material change occurs in the facts set forth in the Schedule 13D required by Rule13d-1(a), including, but not limited to, any material increase or decrease in the percentage of the class beneficially owned, the person or persons who were required to file the statement shall promptly file or cause to be filed with the Commission an amendment disclosing that change. An acquisition or disposition of beneficial ownership of securities in an amount equal to one percent or more of the class of securities shall be deemed "material" for purposes of this section; acquisitions or dispositions of less than those amounts may be material, depending upon the facts and circumstances.

ps. No, I don't know what they mean by promptly. I do know that all the references to 10 days that we're hearing don't apply to this issue.