Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

z,
I agree with you. There should be a faster and more meaningful response to failure to files regardless of the reason for them. The link in my post will take you to many more examples of fanny-dragging by the SEC........in fact it appears that there's a conscious effort to play catch up. Which is better than NOT playing catch up.

But the fact that trading continues in stocks, some of which have not only not filed but also haven't sold anything in many moons, says just as much about the investing public as it does about a lax SEC.

It's not clear how this plays into the SPNG issues at this point. If they were able to get current in their filings and the SEC felt no action was necessary after their formal investigation it obviously wouldn't apply at all. My contribution to "all this talk about revoking SPNG" was precipitated by my desire to clarify, for myself, the issue of delisting versus revocation. That said, if the SEC were to be sincere about their duty to protect the investing public vis-a-vis nonfilers, one would think that their concern might emphasize companies that are trading at significant volumes....where the greatest potential "cost" is......versus those that have been dormant for years.