Spongetech Delivery Systems Inc (fka SPNGQ)

[z4lover]

The SEC gives the person who creates the FTD a time frame..

First they get T+3

ok some might not be able to meet that for legit concerns... Many of which are very old and no longer an issue but none the less, they give you another buffer...

5 days...

once that 5 day buffer is over... they give you 13 days to deliver the shares... and if it is above a level the stock goes Reg sho...

Now that 13 day period is the important one... within that time period the FTD has to be rectified... period or the individual is forced to buy in...

Now SPNG has been on the list longer than 13 days.... Meaning someone or some group some how is gaming the system... and doing more than just say 5 million fails at once... new fails are being created... not only are they failing to deliver but they are also doing the same thing more than once....