Replies to post #249288 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[alien42]

are you seriously insinuating that Pike has inside information such as the actual current O/S and is buying based off of that? that would be illegal.

[overachiever]

For the purpose of sections 13(d) and 13(g), any person, in determining the amount of outstanding securities of a class of equity securities, may rely upon information set forth in the issuer's most recent quarterly or annual report, and any current report subsequent thereto, filed with the Commission pursuant to this Act, unless he knows or has reason to believe that the information contained therein is inaccurate.