Replies to post #154334 on Spongetech Delivery Systems Inc (fka SPNGQ)

[1jk1]

In July 2008, RM Enterprises International, Inc., a company that is our majority stockholder and which is controlled by our officers and directors, agreed to grant the Company the right, exercisable by the Company at any time on or prior to February 28, 2010, to repurchase all or any portion of the 267,154,132 shares issued that RM Enterprises International, Inc. had purchased from the Company since January 1, 2008 at the original price paid by RM Enterprises International, Inc. to the Company for such shares, or an aggregate of $4,918,432.46 for all of such shares. Such shares were issued in tranches at the time of each of the advances of funds to the Company at a 40% discount from the market price on the date of each such advance. The average per share issuance price for the shares was $0.0184. Pleaseeeeeeee stop your nonsense. glta

[Kdub]

It is in the filings. All RME shares can be re purchased by the company at 2 cents up until February 28, 2010. Che3ck the 8-k from July of 2008.