Spongetech Delivery Systems Inc (fka SPNGQ)

[musicalchairs]

I have personally factored many times over the years. It's a valuable tool. My main reason for bringing it up here is it verifies real revenues on sold goods, not consignment goods. Since you can only borrow 20%-70% (higher interest rates for higher percentages)the risk to bankers is minimal. Bankers will check the list carefully and protect the clients relationship with the customers.

I know that's bad news for the crew in here that's needs SPNG to fail but that's how the game is shaping up.