Replies to post #239931 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Thanks rocky, but that list was part of your original post........I suspect that both sources are working off the same script.

"reporting(disclosing) an informal investigation is not mandatory. While it may be possible to go right into a Formal, I have never read or witnessed that."

This is just a curiosity issue for me, so you may not want to spend any more time on it. That said, I don't feel comfortable assuming that we've established whether:
1. The company was undergoing an unreported informal investigation or
2. The SEC felt that there was adequate information in the public domain to go directly to a formal investigation.

For the record I haven't seen it before either. But if there ever was a justification for it.................

Maybe if someone else knows of a precedent?