Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I don't think so either.
However, my concern wasn't with RME's status as a priority creditor...or not....in a bankruptcy. But rather with the issue that Reseller Mike I believe rightly feels will be decided by the SEC. That being, from an accounting standpoint: is RME a SPNG creditor, shareholder or both and how should that relationship have been expressed on the books of the company?

Wish I knew, but I sure look forward to finding out.