Spongetech Delivery Systems, Inc. (fka SPNGQ)

[underdog150]

Jay, do you remember why SPNG began showing up on Reg Sho?
If I remember correctly, SPNG claimed to have 400 million shares outstanding
at that time, when in reality, there were close to 2 billion shares.
That would skew the Reg Sho numbers 200% higher than they should have been.

A security will make the threshold list if it meets the following criteria over five consecutive settlement days:
1) The total number of fails to deliver exceed 10,000 shares,
2) The total number of shares that have failed to deliver exceed 0.5% of the outstanding shares and
3) The security is listed on a similar list by a self-regulatory organization.

Do you also remember that 5 days after SPNG was suspended, they dropped off
that list? How exactly did those fails disappear, when the stock was not trading?
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The SEC failed to protect SpongeTech shareholders by willfullly disregarding RegSHO. In fact, their actions prevented the protection of RegSHO.

Is it alright with me that the SEC failed to enforce buy-in laws that could have resulted in hundreds of thousands of profit to me? Money that could be used to pay for such frivolous things as life-saving medical treatment?