Replies to post #73174 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[wadirum1]

BWOG,

From the 10q Balance Sheet: Common stock, $0.001 par value, 1,250,000,000 shares authorized, 1,249,451,605 and 365,473,214 shares issued and outstanding at February 28, 2009 and May 31, 2008

Wadi

[dlewisfl]

bwog: the PRs were a lie, that's what counts.

The O/S was over 1.2B in February. The O/S was over 1.2B in March. The PRs said it was 700M. The O/S was reduced from over 1.2B to 722M on 4/16/09 as per the 10Q.

Isn't it funny that the letter from the TA posted here at end of February listed the O/S as 1,249,451,605. Here's the line item from the 10Q showing the reduction.

On April 16, 2009, RM Enterprises cancelled 526,585,544 common shares to reduce the common shares issued and outstanding from 1,249,451,605 to 722,866,061 common shares.

Wow .. an *EXACT* match to what the TA reported end of February. And oh yeah, the reduction was done in the ELEVENTH HOUR, a day AFTER the 10Q was due.

No spin, just fact.

I guess the good news is that RME wasn't issued any shares in March and first half of April, according to these numbers.