Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

So you think the IRS can freeze assets without a court order?

Why would you be looking to Buy when you think SPNG is heading towards Bankruptcy?? Looks like a Gap between your thought and would be action!!!

Are they really having cash flow problems??? Not having finnancing from a Bank is non-issue (imo) as there are plenty of 2nd tier financial institution that do asset based financing quite readily.

Are you really serious about BK...even after reading their recent PR which states that public filings will validate their growth. And why would Walmart & other retailers do business with SPNG if they knew SPNG is heading towards BK?

I guess the question in your mind should be will the Wells Notice be settled soon??? If this is Yes & imminent, then SPNG is a buy. IMO.