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Re: mentorman post# 261281

Friday, 11/20/2009 6:35:02 PM

Friday, November 20, 2009 6:35:02 PM

Post# of 346917
Thank you mentorman.
The link provided, while not providing any hard and fast rules, generally supports the requirement for SPNG to maintain regular filings. They don't qualify for "smaller company" treatment as defined and as far as I can tell can only "escape" the requirement by filing a Form 15 "self de-registration" which would need to be preceded by a significant reduction in shareholders or both assets and shareholders. Obviously an SEC revocation under Section 12j would relieve them of their filing obligations as well. No further research seems necessary on this issue unless it can be shown to support a different conclusion. Thanks again.


Still hoping that someone can provide a reason for not filing the NT-10Q. There has to be a reason.























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