Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"can you show me where it exactly said they were going to sell spongetech shares to settle? i dont recall seeing that in any court document."

In the "Order on consent resolving pending motion fro turnover of assets and directing liquidation of certain assets" signed by Hon Robert P Patterson, USDJ as follows:
"and it is
FURTHER ORDERED that the sales of such securities will proceed in the following order:
1. First, the Spongetech Delivery Systems stock in the account of Jean Lazauskas, Account#NJ5-001074,
2. If the proceeds of the foregoing account are less than $1.1 million, then all other Restrained accounts at Ladenburg's discretion.