Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

agree, they can survive as long as certain events take place legally before then. Whatever money was robbed from the shareholders belongs to the shareholders and in the event that the money is retrievable

common share holders are last in line for any money - the lawsuits, bad debts, bad checks, past due contracts - the sec damage awards will receive the money first - afterward the company will most likely be taken over by a trustee for audit and sold off

shareholders should be able to take over the company and setup their own management/board team.

and take over what?

spng owns no patents - and will still be delinquent in the filings - do you have any idea how much it will cost spongy to refile all reports from day one? not to mention new lawsuits filed from today over the next 2 to 5 years

and pike is out of the picture .. he is a bag holder now like everyone else ..

talk is cheap ..and that's about all that's cheap because everything else cost money

no way .. is spongy staying as a public trading company = ZERO CHANCE!