Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"there would have to be a hearing first"
Absolutely, and I wouldn't expect that to happen soon. I did a search at http://search.sec.gov/secgov/index.jsp using the litigation category, 1/1/2009-11/30/2009 in the date section and revocation as a search term and got 50 returns that gave an excellent perspective on this issue.

I know you didn't intend to confuse, but this subject took a beating yesterday and I wanted to try and avoid a repeat performance. If you had used the term "revocation" instead of "delisting" in the following sentence I wouldn't have made a peep.

"Rule 6530 deals with not being eligible for MM to quote a bid/ask, not about delisting".

Try this:
Rule 6530 deals with MM's not being eligible to quote a bid/ask due to otcbb delisting, not due to a revocation of registration by the SEC.


Yesterday was rough........hope this makes sense.