Replies to post #310710 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Objective One]

The Wells Notice indicates that the SEC staff has determined it MAY bring a civil action against a person or firm, and provides the person or firm with the opportunity to provide information as to why the enforcement action should not be brought.


Doesnt sound like formal charges to me.

[weeblewobble09]

Seeing that Moskie seems to be the king of delays:

"Notification by the Securities and Exchange Commission or another regulator that an investigation has found a violation of the law and the individual or company notified has one last chance to convince the regulator not to take legal action."

I can't imagine the delay tactics he's been using with the SEC.