Replies to post #266260 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I'm not sure such selling is possible due to Rule 144:

What Are the Conditions of Rule 144?

If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144........"
(Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise.)


2. Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means that the issuer has complied with the periodic reporting requirements of the Exchange Act.

http://www.sec.gov/investor/pubs/rule144.htm