Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

Wells Notice - a notification from a regulator that it intends to recommend that enforcement proceedings be commenced against the prospective respondent. The notice references, in broad-strokes, the violation that the Staff believes has occurred.

that's correct ..and spongy has a limited time to submit the wells submission to the SEC .. if not they go to trial .. if they settle before they go to trial .. its better for the share holders

there is no way out for spongy

settle
or
go to trial

stick around and we will see who is right

and in the eyes of the SEC . the company is behind in the periodic filings since 2008 ( the redo's not done ) and the charges
clearly covers the " failure to file rules "