Replies to post #337886 on Spongetech Delivery Systems Inc (fka SPNGQ)

[loanranger]

"Thanks, but SEC regulation on approving authorized shares proposed by BOD abundantly clear."

I asked that you cite the regulation, meaning the specific regulation. It must be in here somewhere...let's see how clear it is.

http://taft.law.uc.edu/CCL/

[puppydotcom]

It was your man, toxicdebt, who spoke in layman's terms when he called restricted shares "authorized" when converted to unrestricted via opinion letters and SEC approval. They were always authorized shares in legal terms.


sorry, thats misleading ..
the whole point of discussion is ..

the share were issued on false opinion letters. The shares were NOT legally authorized to sell

its was a crime .. the end