Spongetech Delivery Systems, Inc. (fka SPNGQ)

[drugmanrx]

Sec should have done it's job the day one share showed up that was more than those authorized.

A bank will notify you immediately when you spend more than one penny over what you have in your account, there is no reason that the SEC doesn't have a similar system with companies AS and OS shares in this day and age.

SEC should never have allowed it to escalate to the level it reached.

It is always easy to see the obvious long after it has happen.

The company had assets and if proper action was taken by the SEC immediately and correctly shareholders would at least had something to salvage out of this mess.

IMHO!