Replies to post #330248 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

Something to keep in mind....the current TA inherited a lot of the NSS from Olde Monmouth who really effed up the shares OS!

When the T/A refuses to issue shares then they are complicit with the NSS.

[overachiever]

There is a DTC freeze on the stock.

[patchman]

Too bad it doesn't work that way.

ZECCO has to go to the DTCC and request a split of of the stock held in street name under their account. The DTCC then sends the TA the shares held in Cede and Co. and provides direction on how to split it up.

A broker can't go directly to the TA and request a cert because a TA can only break up and re-issue from certs already issued. As for this TA, there is a TRO by the courts prohibiting the issuance of shares.

[Playtowin]

Somewhere around the time of Black Friday I remember a notice from Scottrade that they would no longer provide physical Certificates to anyone. I'm pretty sure that's what I read. They were being deluged with requests in my opinion. Some had to be SPNG. Anyone else remember. In my mind the only question here is how many, not do they exist. I'm not willing to let the M & M boys off the hook here but I still believe the mm's nss'ed this POS. IMO there is more than 1 set of crooks here.