Spongetech Delivery Systems Inc (fka SPNGQ)

[alien42]

schlagrock, what are you talking about? the official notice by the DTCC for the suspension of SPNG mentions nothing about a share count...

http://www.dtcc.com/downloads/legal/imp_notices/2010/dtc/ope/6856-10.pdf

the official notice does however state that the lock was due the SECs case against SPNG which does mention important share count information...

http://www.sec.gov/litigation/complaints/2010/comp21515.pdf

"RM Enterprises is one of the conduits through which Metter, Moskowitz, and Spongetech illegally distributed approximately 2.5 billion Spongetech shares at inflated prices."

"After inflating the price for Spongetech securities through materially false and fraudulent press releases and public filings, Metter,Moskowitz, Spongetech, and RM Enterprises furthered their scheme by dumping approximately 2.5 billion of Spongetech shares on the market in unregistered transactions."

"In private placement transactions executed between on or about March 15 2007, and at least September 2009, Spongetech issued approximately 2.5 billion restricted shares to its affiliate, RM Enterprises, and other affiliated entities, when there was no registration statement in effect. Spongetech, at the direction of Metter and Moskowitz, in effect, used RM Enterprises and other affiliates as conduits throughwhich Spongetech dumped its shares."