Replies to post #270556 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[MorningLightMountain]

there are plenty of ways a Co can be transparent, even if using a TA that's supposedly gagged to prevent those pesty people from inquiring about public share structure........

the gagged TA is just another red flag, especially when the Co refuses to release share structure using other avenues.....

(such as the required 10Ks and Qs)

anyway you slice it, at this point the excuses are wearing thin on why shareholders don't have any current info on the share counts....2010 is only weeks away....

PS: the public, shareholders or not, has a right to know this data concerning a **public** Co.....like it or not.....

[Risicare]

The "perma gagged" TAs are just an excuse scam companies use to hide the most critical information there is about a OTCBB/Pink stock from the shareholders. Real companies use legit TAs. A good example is Standard transfer and trust/Whitney Lund a "perma gagged" TA nailed by the SEC for fraud just a couple weeks ago. There is no reason or excuse to hide the O/S from shareholders not one legit reason exists As well even if a company decides to use a "perma gagged" TA there is nothing stopping them from releasing the numbers on a regular basis, nothing whatsoever. It is sad to see people make excuses and bizarre reasons up as to why the company should hide the amount of shares out from the actual owners of the company, the shareholders.

[pantherj]

Some TAs advertise an internal "Gag" policy as a means of attracting business from pink penny companies. Others are gagged by order of the stock company itself. Which ever the case may be, the purpose is to keep shareholders in the dark and allow dilution without alarming existing shareholders.