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Replies to post #222763 on Spongetech Delivery Systems Inc (fka SPNGQ)

Replies to #222763 on Spongetech Delivery Systems Inc (fka SPNGQ)
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rdailey4

10/01/09 6:32 PM

#222785 RE: janice shell #222763

If there are shorts, and if the stock dividend of GFGU stock was of restricted shares, then there would be no way for GFGU to cover those shares. They would then have to cover the old fashioned way, with cash by buying up the naked shares.