Replies to post #278828 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Polsih......I messed up.

Thanks for the kind words.....unfortunately the post to which you were responding, while unbiased, was also wrong.

I indicated that the recent Pike buys did not meet the materiality test (1% of O/S) to require a 13D amendment, but they did. So Pike was required to file the amendment "promptly" according to the rules and they certainly did that.

So, it cannot correctly be said that either the Form 4 or the Schedule 13 D/A "early". They were both filed when due. You may have read elsewhere that Pike had 10 days to file.....there is no 10 day deadline....the rule calls for filing "promptly".