Spongetech Delivery Systems, Inc. (fka SPNGQ)

[CYRXorbust]

http://www.lawbarron.com/2009/04/the-quiet-period-pending-securities-registration-statement-effectiveness/

There is a “quiet period” between the time that a company files a registration statement with the Securities and Exchange Commission for a new public securities offering and the time that the Commission declares the registration statement effective. During the quiet period, referred to as the “waiting period” also, the company and related parties are prohibited by federal securities laws from releasing information to the public that could be construed as promoting sale of the securities covered by the as yet unapproved registration statement.