Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Christy from Google]

The SPNG solution against creditors petitioning the Court (Involuntary Bankruptcy) will be solved on the Courthouse steps.

The question remains, "Why does Metter go thru this process, when he knows he's a loser? Why spend funds on lawyers, court costs and whatever on a sure loser?"

What is Metter's game plan??????? Is "cash flow" that bad???????

He's turning $1-2 Million in Account Payables, into a $2-3 Million libabilty. Buying time maybe, maybe not. He's buying something, identify it and you're a WINNER.

What is he hiding, by not releasing the 10s, must be really BAD or really GOOD. Because the 10s could solve the "cash flow" problem.

JMHO, but the 14.99 sponge, now selling for 3.50, is interesting. And how is Rochester Chemical and DOW Credit managers handling this issue in granting payment terms??? Cash with the PO, could the reason for all these "cash flow" problems. That weekly payroll is a bitch too.

Metter warned the shareholders this would happen, looks like he was right. At least Metter has his azz covered with the retail shareholders.