Spongetech Delivery Systems Inc (fka SPNGQ)

[janice shell]

If the SEC knows this to be a fact, because obviously a number of posters on this post as if it is a fact then the SEC surely would have to shut this thing down.

Yes, in a perfect world. But in the real one, they're often quite slow. And they do wait until they have enough evidence to be almost entirely sure they're right before they make a public move.