Spongetech Delivery Systems Inc (fka SPNGQ)

[patchman]

hoggey,

It is only a lawsuit now because M&M refuse to pay their debts. once more responsible management come in, the issues will be settled as new management will recognize this for what it is and pay off the debts to avoid additional legal expenses. You on the other hand make it appear as though these cases will go to trial - hence a real lawsuit.


So I will ask, with all we know of these crooks, do you think SPNG has any leverage in the lawsuits? Do you think that any other reasonable person would consider that SPNG has a solid case against paying these debts? If not, consider them debts and not legal matters.

The significance of Dicon is that their business produces a paltry $8 Million and with regards to the SPNG product, less than $2 Million. What do you think it costs to run Dicon? What do you think any new CEO would want for a salary? Dicon was sold at a fire sale because it was a losing business. At $100K/person in salary and benefits that is between $2.5 and $5.7 Million depending on what level of employment you want to present and that is being generous at $100K. What do you think material costs are, advertising, taxes, insurance, and electricity?