Replies to post #163289 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Jungle_Trader]

Give Delaware a try:

Live Support - available 8:30am to 4:00pm Monday thru Friday excluding State Holidays

Entity Information

http://corp.delaware.gov/contact.shtml

[spongeboy]

The reduced A/S


Shares Authorized and Shares Outstanding that are published are taken from the most recently filed quarterly or annual report SOURCE: EDGAR

We have a PR and confirmation from IR that it will be 900M/500M

EDGAR will publish the new numbers when we file the 10K


To reduce the authorized shares "the A/S" can be done by an ammendement to the corp documents and declaring same in the books and reporting it to Transfer Agent and SEC. They may have to tender the Par value depending on how they were accounting for shares authorized but not issued. To reduce the outstanding shares "the O/S" they can buyback from RME on the cheap, or buy in the open market, or negoitiate them from the MM's in short positions. They have announced what they are going to do and are doing it. That is why volume is so tiny these days. O/S shares are being retired. When the buyback is over they will adjust the books and report and Deleware will confirm. The O/S determines PPS and is all I am concerned about. Shares authorized A/S but not issued, don't matter.