Replies to post #296838 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

OT,
Thanks for responding...sorry my post was so confusing. Judging from the lack of response to some of 'em I guess a lot of them are.

I'll simplify it if I can do so without missing the key stuff:

Right now the current SPNG investors and any potential SPNG investors don't know whether Pike can legally buy or sell shares.

And I don't like it.

If SPNG were to PR an NDA with Pike, which they can and as ADY did, there is no rule that allows current and potential investors to know at what point in time thereafter that Pike could resume legally buying or selling shares.

I don't like that either.


I would propose, to keep it simple, that any NDA between a beneficial owner and an issuer be reported as a material agreement in an 8-K.......not it's substance of course, but the act of signing the agreement. And should the purpose of that NDA be no longer required by the parties, that fact should be filed as a dissolution of the NDA in an 8-K as the termination of a material agreement.
This would allow the public to know whether an investor in the position that Pike is in, a beneficial owner, is not buying or selling because he doesn't want to or because he can't.

I'm starting to think that I'm the only one who thinks it matters.....but don't nobody be asking me why I think Pike isn't trading :O)