Replies to post #344906 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[madeindet]

194 million shares worth $15 million 1) CANNACORD employees couldn't provide documentation how the shares were obtained?

Canaccord produced a UNEXECUTED SHARE PURCHASE AGREEMENT only days prior to their deposits price was substantially lower than the market.

http://www.theglobeandmail.com/report-on-business/streetwise/article15688059.ece/BINARY/Settlement+Agreement+-+Canaccord+Oct.30.2013.pdf

That is material enough to investigate...they were FINED FOR THE TRANSACTION


WHY NOT UNMASK THESE INDIVIDUALS???? THAT ALONE COULD HAVE PAID BACK THE CREDITORS



SO EUROPEANS WITH PANAMANIAN CORPS NEED TO OPEN ACCOUNTS IN VANCOUVER CANADA TO SELL STOCK AND WIRE THE MONEY TO HUNGARY???????

[cowtown jay]

It's the SEC who charged that the shares were unregistered. Anyone who profits from the sell of unregistered shares, regardless of scienter, is subject to disgorgement. The SEC can, and has, gone after such defendants, including several traders and relief defendants in the SPNG case.