"the rule is that eventually, spng may get asked to provide a reason why they have not filed..at which point they can either file or provide an explanation why they havent..." AND WHEN THEY WILL. Based on which a judge (not you, me, Mingy or puppy) will decide whether to extend or revoke.
Some people have indeed claimed that "spng could be revoked at any minute..."
That could only occur if an administrative hearing occurred without us being aware of it. Of course, in order to hear about it from the company would require a FILING......something on which it appears we would be unwise to rely.
It would seem likely that those people might be closer in their estimate simply by their understanding of the process than anyone who expresses the opinion that "they will never be revoked...eom".
Because the basis of revocation is a failure to file.
It isn't, and has nothing to do with:
"because in the end, the justification for it wont be there...i believe a lot of people are misreading the wells notice...the wells notice lists the sections that the sec believes may have been violated..but some are looking at the worst case scenario for each of those violations...and those individuals have decided that the degree or severity to which those violations may have occured must certainly be to the extreme."
And it's not a penalty:
".obviously violations occured...obviously there will be penalties...the likelyhood that spng will escape unscathed is very very small...as is the likelyhood that they will recieve the severest penalty.."
So this makes no sense:
"my concern is with spng the company...and i dont see revocation as a reasonable penalty for spng... "
Please refer to my post the next time you are tempted to contend that "they will never be revoked...eom". In fact, you're welcome to link to it the next time someone asks, as I earnestly asked you, "Why will they never be revoked?" Because, as I pointed out, you provided the "wrong answer....eom".
