Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Renee]

It is United States against Spongetech the company, SPNGQ the stock, and all of the charged and guilty principals.

It is doubtful there is any money for distribution to shareholders by virtue the Bankruptcy Laws pay off ALL creditors, Trustee expenses, prosecution expenses, before shareholders become entitled to any money. These BK Laws apply to every chaptered company and are not selective to, for, or against any shareholder group.

If, however, the DOJ or SEC are successful at disgorgement collections of ill-gotten gains there may be the remote possibility of money remaining after all other claimants are paid in full. So far, and to my knowledge, there hasn't been any successful disgorgement of the approximately $400 million of ill-gotten gains from the illegal sales of 2 billion fraudulently exempted from registration shares.

Shareholders have nothing more to lose by filing claims for losses just in case the Authorities locate and seize money the guilty principals have hidden. The efforts to file loss claims will likely be futile but again, shareholders have nothing more to lose.

Submit paper copies of original share purchases and any sales of shares to derive actual money lost. Lost profits are never included so ONLY submit actual dollar losses.