Replies to post #337803 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Risicare]

Probably pretty low on their list as the shell is completely hamstrung and so tainted it could never be used for any malfeasance again. Probably don't want to get a flood of crap from crazy spongeheads either.

[puppydotcom]

Once the stock has been suspended and one of the suspension issues was failure to file current reports the SEC can move to revoke any time after under section 12(J)

I still believe the SEC is allowing the BK courts extra time and possibly not by choice. If I remember correctly, the BK judge denied the SEC request to revoke the stock during the BK process.

The SEC may asked again of the courts to revoke the stock or simply wait until the BK is discharged.

At lest this is my take ..

[Stock]

Three to five years!? LINsanity!

[BMK]

They do not have to file if on pinks or greys, correct?

Maybe SEC is not de-registering due to disgorgements owed to shareholders. Maybe more disgorged monies to come and will be distributed to shareholders by SEC.

There was also a lot of questions regarding issued, outstanding, and authorized, correct? There have been a few cases lately where disgorgement from short sellers, especially those buffoons who played resets and other option plays deep in the money to make it appear like their short sells were covered.

Could be SEC has been told to check everything...selling restricted shares by officers, phony revenues, and maybe the possibility of short selling too. Weren't they on FTD list for several months before being suspended?

They also could be checking all those T-Trades during the height of the corrupt trading. Maybe even who has been doing the trading during the global lockdown...

Who knows what goes on behind the scenes.