Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Nikodemos]

According to FINRA's OTC Compliance Unit (and my various phone calls placed to them @ [phone]), SPNG is required to update/be current in all financial filings (restatements, audited financials, recent Q's, K's, etc.) in order to gain uplisting. In addition, a Form 211, presented by a MM, around the same time, would complete the uplisting requirements.

It was made repeatedly clear to me that there was no time limit or constraints regarding how long they may dwell here on the "greys"; except that, if they were to uplist, all their filings must be current along with a MM-completed Form-211...PERIOD.

That's how I understood my conversations with FINRA over the last couple of weeks.

http://www.otcbb.com/help/contacts.stm

http://www.otcbb.com/aboutotcbb/howtoquote.stm

http://www.pinksheets.com/pink/otcguide/brokers_index.jsp

(Phone numbers, resources, et. al. linked above)