Oil spec can you explain how he would hedge? You mean through his cayman island account naked shorting offshore?
Would there have been a conflict of interest if he was net short and instructing Moskowitz in the final days leading up to BK misleading him and not following through as he committed in emails to Moskowitz?
Being short and going for the kill and misleading management for profit?? KILL KILL KILL no cover necessary...sell off the assets and cry in front of the judge?
dpilon Friday, 01/25/13 06:58:03 PM
Re: None
Post # of 344576
Dan PIKE cried: 'Bankruptcy ISN'T always LAST CHAPTER. We dig deeper to get the whole story.'
That's what CRO Ted GAVIN says. Not ME saying it... HIM! On gavinsolmonese.com!
So, Dan Pike, when you came do your THEATER piece in front of Judge Bernstein on July 29, 2010, it was because you wanted SpongeTech SAVED and OUT of BK, right?
Because you CARED about it and wanted the GOOD of the estate, RIGHT?
Because you had 180 MILLION shares, RIGHT?
Because it was NOT an OFFSHORE TAX EVASION scheme you were PERPETRATING, RIGHT?
OK?
And I heard TED GAVIN is the Chief Restructuring Officer (CRO) who Dan Pike BLOCKED and SABOTAGED WHY???
Read below, it says: "Cro ted gaven 50k"
_________________
From: David Pilon
To: Dan Pike
Sent: Tue, October 19, 2010 7:30:04 PM
Subject: Fw: 2nd phase bankrubcty payments
Mr. Pike,
See e-mail proofs below.
You do understand that by backing out of 2nd phase AND
delaying/blocking Mr. Moskowitz during a minimum of 4 extremely
crucial days, YOU screwed the plan for SpongeTech turnaround, and
YOU CAUSED SpongeTech to be forced to take the bankruptcy route,
correct? (which we should have never taken) You do understand it, right?
And you do understand that none of the hundreds of remaining SPNG
shareholders will take a "move on with life" explanation from
you, right? You're not that dumb, right? You have an intelligent
explanation why you decided to FORCE SpongeTech bankruptcy,
right? You're a hedge fund, right?
_________________
From: steven moskowitz
To: David Pilon
Sent: Tue, October 19, 2010 7:00:32 PM
Subject: Re: 2nd phase bankrubcty payments
I can send a slew of e mails I couldn't even go to 2nd person
till he said go we were hand tied
Sent from my Verizon Wireless BlackBerry
_________________
From: steven moskowitz
To: David Pilon
Sent: Tue, October 19, 2010 6:58:18 PM
Subject: Re: 2nd phase bankrubcty payments
That was after him telling me wire would be there all weekend he
backed out lied call it anything you wan't should of told us
before weekend
Sent from my Verizon Wireless BlackBerry
_________________
From: David Pilon
Date: Tue, 19 Oct 2010 22:54:38
To: steven moskowitz
Subject: Re: 2nd phase bankrubcty payments
He paid 1st phase, and backed out of 2nd phase, but, you told him
it didn't really matter if he backed out when you said: "Please
let me know if your doing this other wise I have to go to next
person on list that agreed to do it."
He quite obviously felt he was being conned, and that "agreement"
you say he agreed to... it was all #$%$ improvised verbal
stuff, correct? If yes, how the can you blame him? What
commitments were given to him that there would not be a 3rd, 4t,
5th, 6th... phase?
Who were you meeting this morning at 8:00 am?
_________________
From: steven moskowitz
To: David Pilon
Sent: Tue, October 19, 2010 5:59:08 PM
Subject: Fw: 2nd phase bankrubcty payments
As promised I got a lot showing what I told you but he led us
along all weekend only 48 hours and the 2nd and 3people were on
vacation still don't get why he never finished the plan
Sent from my Verizon Wireless BlackBerry
_________________
From: Dan Pike
Sent: Tuesday, July 06, 2010 9:46 AM
To: Steven Moskowitz
Cc: Kevin Arps
Subject: RE: 2nd phase bankrubcty payments
Please go to next person on the list. They should not get better
terms than we got, no conversion to equity, etc.
_________________
From: Steven Moskowitz
Sent: Tuesday, July 06, 2010 9:25 AM
To: Dan Pike
Subject: 2nd phase bankrubcty payments
Dan
You told me kevin was away Friday
Here is breakdown for next set of payments that need to be done
by a third party
because these people want to not have to fight with court that's
why its 3rd party transaction.
Ed neiger 30k plus 3k filing fees final payment
Cro ted gaven 50k
Kathy our GA bankrubcty attorney
30k plus 5k expenses and filing fee final payment all told its
118k
Please let me know if your doing this other wise I have to go to
next person on list that agreed to do it.
I'm around if you have any questions .
Thanks
Steven
