Replies to post #191839 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Hedge Starz]

Theoretically they just split them all at the BDS.......my point is........I DONT TRUST THE DTCC and i feel like a cash/share divy makes the cover more honest.

[Hedge Starz]

What documents does NASDAQ require for a Reverse Stock Split?
The company should complete the Notification: Substitution Listing Event at least 15 calendar days prior to the effective date. Please follow the instructions on the Notification regarding its submission and the payment of the $7,500 required fee.

The submission should contain the following information as appropriate:

Whether the shareholders have approved the transaction;
The split ratio;
The new CUSIP number;
Total Shares Outstanding (TSO)/Par Value before and after the split;
Whether all legal filings have been completed with the appropriate state or non-U.S. agency;
The effective date of the reverse stock split (as of the opening of business);
Proxy or Board Resolutions; and
Amended Articles of Incorporation.


The suffix character, "D", will be appended to the issue symbol for 20 trading days to reflect the reverse split. (Updated: June 3, 2009)