Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

Dude, Pike just bought 2 tranches, one for 2million at certain purchase price and another for 6million at a certain purchase price....from one fund to another fund within the same PIKE!

Is it not possible that these transfer/purchase took place X-open market??

O.K let us say you are right...then they (RME) would have sold from a brokerage account i.e RME's brokerage account must have held 240Millin shares of SPNG...am I correct? Say, that their brokerage account statement did indeed hold 240Million shares, then how is that possible when the shares have not been registered?? So it is just not a lapse on SPNG's part...it is a lapse by RME, SPNG and their broker dealer as well as their SEC Attroney!!! So who should be punished...shouldn't FINRA punish their broker dealer..... who is RME and SPNG's broker dealer??? MM AYME??? And not forget the TA...TA cannot transfer the shares into the brokerage account without registration??