Spongetech Delivery Systems Inc (fka SPNGQ)

[Our-Street]

It is absolutely impossible that FINRA is even considering a 15c2-11 application on behalf of SPNG. It is comical that it's even being discussed. You see, in order for a potential market maker to submit the application the company (SPNG) must be current in its filings. Read this from the actual rule from whence the name of the application cometh.
http://www.law.uc.edu/CCL/34ActRls/rule15c2-11.html

A copy of the issuer's most recent annual report filed pursuant to Section 13 or 15(d) of the Act or a copy of the annual statement referred to in Section 12(g)(2)(G)(i) of the Act, in the case of an issuer required to file reports pursuant to Section 13 or 15(d) of the Act or an issuer of a security covered by Section 12(g)(2)(B) or (G) of the Act, together with any quarterly and current reports that have been filed under the provisions of the Act by the issuer after such annual report or annual statement; Provided, however, That until such issuer has filed its first annual report pursuant to Section 13 or 15(d) of the Act or annual statement referred to in Section 12(g)(2)(G)(i) of the Act, the broker or dealer has in its records a copy of the prospectus specified by Section 10(a) of the Securities Act of 1933 included in a registration statement filed by the issuer under the Securities Act of 1933, other than a registration statement on Form F-6, that became effective within the prior 16 months, or a copy of any registration statement filed by the issuer under Section 12 of the Act that became effective within the prior 16 months, together with any quarterly and current reports filed thereafter under Section 13 or 15(d) of the Act; and Provided further, That the broker or dealer has a reasonable basis under the circumstances for believing that the issuer is current in filing annual, quarterly, and current reports filed pursuant to Section 13 or 15(d) of the Act, or, in the case of an insurance company exempted from Section 12(g) of the Act by reason of Section 12(g)(2)(G) thereof, the annual statement referred to in Section 12(g)(2)(G)(i) of the Act; or

As we all know, SPNG is way behind in their filings and cannot even file the new 10K until their auditor finishes re-auditing previous filings. Now, can we stop this foolish discussion about things that cannot be and focus on things that at least are possible?