"why would you think that being on the Threshhold Security List would justify a trading suspension"
That's not what I said....although it may not be such a horrible idea. I think the general premise is that Party A will sell a proper share to Party B, deliver the share and be compensated for it. If that process fails to occur as designed too frequently in the case of a given issuer, then market participants might need protection.
But what I said was, in the case of Spongetech, "the ongoing threshold list appearance was the icing on the cake in terms of reasons for the SEC deciding to suspend"...not that it was the cake itself. Perhaps I should have said it was the burning candle atop the cake that drew the SEC's attention. The cake was the dumping of unregistered and unreported shares on the market by parties you are doggedly determined to deflect attention away from.
The Threshold Security List appearance did what it was supposed to do...attract the attention of the authorities. Spongetech's appearance on it was due to the fraudulent acts of its management.
Those acts and numerous deceptive and/or false public information releases resulted in the suspension.
It's over Jay...let it go. Breathe. Relax. Let the truth of what happened give you comfort...don't fight it.
It's morally wrong to allow a sucker to keep his money.......Cuthbert J. Twillie
