Replies to post #285054 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

the DTC is the private company that runs the loan share program, which creates the phantomshares/airshares. The Cede and Company Spongetech shares are the aireshares. Thanks.

Totally wrong. Do some DD

Cede & Co.
Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.


http://financial-dictionary.thefreedictionary.com/Cede+&+Co.