Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TEX]

Important: aginst the person or firm with the opportunity to provide information as to why the enforcement action should not be brought. In short: It gives those people involved a chance to defend themselves.

True enough, and certainly it's better to be in a position to talk 'em out of proceeding, or to limit the scope of further action. On the other hand, it's also often a major decision whether to even respond.

[edit] see: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45029331