Spongetech Delivery Systems Inc (fka SPNGQ)

[harvard homeboy]

Timeline to SEC revocation?

Does it seem to anyone else that the SEC is dragging its feet on revoking Spongetech's publicly-traded securities?

After all, the company hasn't filed any financial reports with the SEC since its report for the quarter ending Feb 28 2009, the company execs have been indicted for securities fraud by the USDOJ, the company is mired in a bankruptcy court liquidation process, the stock has a global lockdown from the DTC which prevents it from being traded, and so on.

So what, exactly, is the SEC waiting for?