Spongetech Delivery Systems Inc (fka SPNGQ)

[rocky301]

DueDillyFirst,

1)A company can become "reporting" voluntarily or involuntarily, in a couple ways. Section 12(g) of the Securities ACT of 1934, as amended, requires a company to file a registration statement under the ACT within 120 days when, on the last day of any fiscal year, the companies securities are held of record by at least 500 persons AND the company has total assets exceeding $10,000,000.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42869193&txt2find=120|days