dl....I have the feeling that you're tongue is jammed in your cheek, but just in case......the company appears to disagree. From the PR to which the company refers in their 8-K:
SPONGETECH® DELIVERY SYSTEMS CANCELS
REVERSE STOCK SPLIT
NEW YORK, NY – September 22, 2009 – SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNGE) today announced that its Board of Directors has decided to cancel its previously announced reverse stock split until after the Form 10-K for the Company’s fiscal year 2009 has been filed.
Somebody, and I have the feeling that it's not either of us, needs a dictionary:
cancel |'kans?l|
verb ( -celed , -celing ; Brit. -celled, -celling) [ trans. ]
1. decide or announce that (an arranged or planned event) will not take place.
The word "cancel" should never be followed in a sentence by the word "until". "Unless" perhaps, but never "until".
