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Post# of 346917
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loanranger

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Re: luppy1 post# 297725

Tuesday, 02/23/2010 6:46:21 PM

Tuesday, February 23, 2010 6:46:21 PM

Post# of 346917
Luppy,
He originally filed a 13G.
http://sec.gov/Archives/edgar/data/1201251/000101359409001617/spongetech13g-102909.htm

However, he could no longer use that form when his holdings exceeded 20%.
"Notwithstanding paragraph (c) of this section and Rule 13d-2(b), persons reporting on Schedule 13G pursuant to paragraph (c) of this section shall immediately become subject to Rule 13d-1(a) and Rule 13d- 2(a) and shall remain subject to those requirements for so long as, and shall file a statement on Schedule 13D within 10 days of the date on which, the person's beneficial ownership equals or exceeds 20 percent of the class of equity securities."
http://www.law.uc.edu/CCL/34ActRls/rule13d-1.html
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