Familiarize yourself with SEC procedures mandated by Congress. The SEC must first suspend for 10 days and only 10 days. If they need to proceed with revocation, they cannot revoke without a court trial. In the usual course of events, it may take several months or more than a year to proceed to the revocation stage. The SEC considers the initial trade suspension as due warning to investors that SPNG is an, at best, questionable investment. In other words, take heed. But of course many do not and jump in with both feet or succumb to greed and refuse to sell. Many of these same investors will end up whining that the SEC did not do enough to protect them. In reality, the SEC did everything they were allowed to do by law and the investor knowingly chose to ignore all the warning signs. So whose fault is that ?
