pj,
The following reasons should definitely appear PROMINENTLY in the Ibox, which presumably exists as a source of facts for those unfamiliar with the company or current information for those who are. But they are the reasons for the suspension in the stock......not the reasons for the investigation, which remain unstated by SEC rule.
"because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the amount of sales and customer orders received by SpongeTech, investment agreements entered into by SpongeTech, and SpongeTech's revenues as reported in its financial statements. In addition, SpongeTech has not filed any periodic reports with the Commission since the period ended Feb. 28, 2009."
