Replies to post #138598 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[CheezBurgers]

Nice post, Z4-

I'm a little lost on your '33 vs. '34 reference, which is especially troubling to me since I'm familiar with both, but, so be it.

[overachiever]

Many lack the skill to even determine if the company is a 1933 act company or a 1934 act company, yet blab on and on about how they violate 1934 act rules. When in all fact they are a 1933 act company they just use 1934 act forms to report.

Once a company hits 10 million in assets and has at least 500 shareholders, they are bound by 1934 act reporting requirements on stock holdings and stock sales. Doug Furth is all wet when he tries to claim otherwise. SPNG is loudly screaming to the world that it has more than 10 million in assets. You can't have it both ways.