Replies to post #208247 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[lucky, mydog]

lol. what you can't seem to understand is that the company does not get to set the "effective" date. finra does.

[huggarags]

Read the last line " subject to the receipt of the necessary regulatory approvals."

[polsih1]

On September 9, 2009, Spongetech Delivery Systems, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Certificate of Incorporation, effective as of September 22, 2009 (the “Amendment”), which further reduces the aggregate number of authorized shares of the Company’s capital stock to 365,000,000 shares, consisting of 300,000,000 shares of common stock, 25,000,000 shares of Class B stock, and 40,000,000 shares of preferred stock (the “Authorized Share Reduction”). Pursuant to the Amendment, the Authorized Share Reduction will take effect simultaneously with the previously announced reverse split, which split will be effective on the close of business on September 22, 2009, subject to the receipt of the necessary regulatory approvals