Replies to post #346924 on Spongetech Delivery Systems Inc (fka SPNGQ)

[FrostyViking91]

It would be dumb. And just reading the notice would say why. It is totally administrative - to make it so they can clear up old cases without the need to do any more postings/notices....as long as the Co doesn't respond (to defend/deny it is out of compliance with filing). The last sentence of the 2nd to last paragraph says it all:

"The Commission will issue a final order resolving the proceeding after one of the
following: (A) the completion of post-hearing briefing in a proceeding where the public hearing
has been completed; (B) the completion of briefing on a motion for a ruling on the pleadings or a
motion for summary disposition pursuant to Rule 250 of the Commission’s Rules of Practice, 17
C.F.R. § 201.250, where the Commission has determined that no public hearing is necessary; or
(C) the determination that a party is deemed to be in default under Rule 155 of the Commission’s
Rules of Practice, 17 C.F.R. § 201.155, and no public hearing is necessary."

[cowtown jay]

In addition to this Admin Proceeding filed by the SEC in November 2024, we also saw the DOJ provide notice in June 2025 regarding the SpongeTech case.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176357884

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