How about this one:
Since the SEC is basically in bed with the shorts, ie: they condone the NSS behavior by not enforcing the rules. Assuming they kicked back the 10K due to the past accountant problems, this could be the SEC's way of counteracting any Spongetech plan to deal with the NSS by giving a golden chance for them (NSS) to cover on the cheap and avoiding a squeeze. Then again, it could be all just a coincidence. Just throwing it out there....
Regardless of the reason, this is like eating a crap sandwich (no 10K) after a fried crapitizer platter (Reverse Split). Hopefully, the dessert will be better but, at this point, I'm not really counting on it.