Replies to post #171566 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[fwilson]

Question on company ownership:

With the approved Class B and Preferred stock is it possible that the ownership of the company would not be in the general shareholders hands? I was looking at another company where all of the common stock amounted to a 40% ownership in the company with no voting rights. I just wanted to verify that this type of situation would not occur here. What is the best place to determine company ownership (the 10Q didn't seem to have much)?