Replies to post #299819 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[drunkpilot]

Ha, Ha! I remember that exchange. You guys did a lot of work to finally get the answer. I am guessing that because you are dealing with a government entity, they probably haven't posted it yet. Also, they might do a certain action on a certain date.

I am waiting for some money from our friends at the IRS (who were actually very helpful) and was told that they only do direct deposits on Fridays.

What is the website to see the tax owed that you are referring to?

Thanks,

DP

[OldTymer]

loanranger, transcript from Delaware SOS...

As you can see, I did my best to get the number of Oustanding Shares, but she didn't give it to me. Short answer: They are late with their Franchise Tax Fees for this year. Deadline was March 1st, 2010:

Transcript of your chat
Tue, March 2, 2010 12:04:21 PMFrom: Delaware Division of Corporations <[e-mail]>Add to Contacts
To: Kirk <[e-mail]>


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Below is a copy of your recent chat with a Delaware Division of Corporations representative. Thank you for visiting Corp.Delaware.gov.
General Info
Chat start time Mar 2, 2010 2:52:59 PM EST
Chat end time Mar 2, 2010 3:04:21 PM EST
Duration (actual chatting time) 00:11:21
Operator Vicki



Chat Transcript
info: Routing your chat request to a Corporations Franchise Tax Specialist. We are experiencing a high volume of calls and chats as it is our tax season. We appreciate your patience. You are person 1 of 1 waiting to be served. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
info: You are now chatting with 'Vicki' with the Delaware Division of Corporations Franchise Tax Section.
Vicki: Hello, Please hold as I review your question.
Kirk: Ok Vicki.
Vicki: I'm sorry the 2009 report was due on or before the end of the day on March 1st. the account is now late. They can file online and recalculate the taxes by entering the issued shares and assets. The penalty will be assessed as well.
Kirk: Okay, can you tell me what the Outstanding number of shares were used to calculate their current taxes?
Vicki: the tax was pro rated through out the year. If you log into your report there are serveral amendment that we pro rated to get a full years tax.
Kirk: Okay, so you don't have the exact number of Outstanding shares that were used to calculate the tax?
Vicki: yes but there are multiples.
Vicki: 09-21-2009 1 COMMON 3,000,000,000 .001000
Vicki: 17:09 2 CLASS B 28,000,000 .001000
Vicki: 3 PREFERRED 40,000,000 .001000
Vicki: one stock period
Vicki: Start: 08-13-2009 1 COMMON 2,750,000,000 .001000
Vicki: Time: 17:14 2 CLASS B 28,000,000 .001000
Vicki: Thru: 09-21-2009 3 PREFERRED 40,000,000 .001000
Vicki: another
Vicki: Start: 06-24-2009 1 COMMON 2,500,000,000 .001000
Vicki: Time: 10:34 2 CLASS B 25,000,000 .001000
Vicki: Thru: 08-13-2009 3 PREFERRED 40,000,000 .001000
Vicki: another
Vicki: Start: 05-19-2009 1 COMMON 2,000,000,000 .001000
Vicki: Time: 08:24 2 CLASS B 20,000,000 .001000
Vicki: Thru: 06-24-2009 3 PREFERRED 40,000,000 .001000
Vicki: another
Vicki: Start: 04-13-2009 1 COMMON 1,800,000,000 .001000
Vicki: Time: 12:06 2 CLASS B 20,000,000 .001000
Vicki: Thru: 05-19-2009 3 PREFERRED 40,000,000 .001000
Kirk: Okay, those are Authorized shares. Do you happen to have the total number of shares Outstanding as of current?
Vicki: no that you enter when you file the report
Kirk: Okay, good enough. Thank you so much Vicki!
Vicki: you're welcome.
info: Your chat transcript will be sent to [e-mail] at the end of your chat.