Replies to post #167204 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

FINRA has been using outdated O/S calculations to determine the REG SHO threshold for this share printing scam. That should be corrected shortly. All it took was for someone to notify them of the changes in the share structure.

[crashman]

That's not how it works, Once FTD's reach the threshold, The company stays on the RegSho list for several more days even if all FTD's have been delivered. BTW to get on the REGSHO list, there have to be 10,000 or more FTD's and the FTD's have to exceed .5% of the OS. 356 shares alone would not put any company on the RegSho list unless the company already is there. The key is to understand the rules before arguing about them.