Replies to post #151833 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[dollarsandsense]

current numbers as of this morning...still reflecting June 24th increase.

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Christina: According to the records of this office, the last stock change occurred on June 24th, 2009 and the current stock for SpongeTech Delivery Systems, Inc. is as follows: Common is 2,500,000,000 shares; Common Class B is 25,000,000 shares and Preferred is 40,000,000shares – all at .001 par value. Filing documents submitted to our office for filing are effective immediately upon filing. This is an administrative office and our role is to review documents to endure that they meet the letter of the law for filing purposes only. We do not monitor or police the activities of companies who submit filing documents to our office.

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[xDREWx]

This is entirely misleading. They don't have to get any off the market to go to 900mm because they only have ~700mm outstanding.

They may be picking up shares off the open market to bring the 700mm OS down to 500mm then add additional retirements of RME to get to around 200mm. However, I personally think there's as good of a chance that they simply retire RME shares for the bulk of the 250mm reduction of the OS.

We'll know when we see how many shares are left in RME. If we have a 500mm OS and over 300mm left in RME when the yearly hits. That will be the most ideal situation you could ask for.

We'll see... But, there doesn't have to be one share bought to reduce the AS from 2.5B to 900mm