Replies to post #256865 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

the filings say the same thing .. RME received all the shares in the settlement .. and they can give spongy shares if the so desire .. however, it also states they don't have to give spongy anything!

do you have something else to offer up in the filings ?

[polsih1]

you must mean this?
Section 4.2. R.M. may transfer the Purchased Shares to SpongeTech or its designee in a private transaction under Section 4(1) of the Securities Act of 1933, as amended (“Act”), which transfer shall be made in full compliance with all applicable state and federal securities laws, and shall not be deemed a violation of any transfer restriction otherwise incorporated into or made a part of the Purchased Shares. Share certificates shall continue to bear the standard restrictive legend following transfer.

[printmail01]

Here is the SEC Filing:
SPNG received 0 shares , SPNG paid $0 dollars , it is ALL RM Enterprises a PRIVATELY held company.

SUBSCRIPTION AGREEMENT
IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of this ____ day of November, 2009.
Total Number of Shares Subscribed for: Five Million, Two Hundred Fifty Thousand Five Hundred Twenty-Five (5,250,525).
Total Purchase Price: $1,750,000
R.M. Enterprises International, Inc.
http://www.sec.gov/Archives/edgar/data/1201251/000114420409057095/v165164_ex10-2.htm