Spongetech Delivery Systems Inc (fka SPNGQ)

[Xenophon]

Here's what is known for sure: there are at least 2,999,984,950 shares registered and outstanding in the public market as free trading shares, there may be more shares issued which are unregistered but issued in certificate form by OTHER than the transfer agent (e.g., Moskowitz - perhaps using forged signatures and seal). Such further shares above the last KNOWN authorized level (3 BILLION) might not be valid shares for at least one of two reasons - (1) not authorized, (2) authorized pursuant to an inchoate increase in A/S done secretly by special non-public meeting using the Class B supervoting shares held by Mosky and Mett for majority of vote needed to authorize a share increase, but the further share might have been not properly issued via TA.

Or there may be MORE than 3 BILLION valid issued shares if there was a secret ballot/special meeting to raise the A/S using the Class B supervotes to carry the proposal and if the additional shares were issued directly by the company and NOT via the TA (unusual, but not impossible).


Bottom line: AT LEAST 3 BILLION VALID SPNG SHARES ARE ISSUED, MAYBE MORE.