Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Mr. dotcom must be busy.

If I may: http://www.law.uc.edu/CCL/34Act/sec13.html

Securities Exchange Act of 1934

Section 13 -- Periodical and Other Reports

Reports by issuer of security; contents

A. Every issuer of a security registered pursuant to section 12 shall file with the Commission, in accordance with such rules and regulations as the Commission may prescribe as necessary or appropriate for the proper protection of investors and to insure fair dealing in the security--

1. such information and documents (and such copies thereof) as the Commission shall require to keep reasonably current the information and documents required to be included in or filed with an application or registration statement filed pursuant to section 12, except that the Commission may not require the filing of any material contract wholly executed before July 1, 1962.

2. such annual reports (and such copies thereof), certified if required by the rules and regulations of the Commission by independent public accountants, and such quarterly reports (and such copies thereof), as the Commission may prescribe.


If the company gives up its registration, which can only be done if it falls below certain size parameters, or if the Commission itself yanks it, it no longer has to file. Right now it is still required to file, but the SEC is pretty much down to its last bullet, that being the yanking.