Spongetech Delivery Systems Inc (fka SPNGQ)

[Christy from Google]

In a Delaware LPs, the limited partners control. Mr Pike is a General Parntner thru his LLC. General partners in a Del LP can simply be a entity with no capital and no profit and loss sharing. He's simply a manager, whose duty is to comply with the wishes of the limited partners, per the partnership agreement.

Until the CFO of Pike Capital discloses Dan’s ownership share, one has to assume the Limited partners own everything. And the CFO stated as much in the document you “cut and paste” from. I believe you copied footnotes 1 and 2. There is a 3rd footnote and a statement by the CFO about Dan.

The 5 or 6 limited partners contributed $16 million, not Mr Daniel Pike. Dan simply manages the partnership, and is paid for these management services.