Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Xenophon]

Agreed. BTW, the OS is *AT LEAST* 3 billion. With the DTC freeze notice it suggests that Stevarino may have been issuing unauthorized shares after the AS limit was hit.

Why would Stevarino quit just because the authorized share limit was hit?

As I wrote previously, I know of a pennystock scam where the CEO was selling shares on road trips and issuing certificates out of the trunk of his car.

If Stevarino has some blank share certificates, he could bypass the TA and issue the shares up to any amount he wants - way beyond the authorized limit of 3 billion (that the SEC already knows of).

When the issuees try to register their shares and/or deposit them in a brokerage then whoops - the TA wigs outt~ and perhaps that is what triggered the DTC action - they cannot figure outt~ which shares were legitimately issued from those which may be bogus.

Never underestimate the stupidity of a guy who forges attorney opinion letters on fake letterhead bearing his own fax number and signed by him using the name of a phony lawyer (David Bomart) who does not even exist.

There could be hundreds of billions of SPNG shares ~outt and only Stevarino knows for sure. There can only be 3 billion *legit* shares ("legit" albeit for a bankrupt, scam company) - butt the total number of shares issued is only known by Stevarino....