Spongetech Delivery Systems Inc (fka SPNGQ)

[alien42]

starfire, did you miss the Dicon bankruptcy news yesterday?

"As Spongetech melted down, those same principals reacted by siphoning hundreds of thousands of dollars in cash from Dicon, making it impossible for Dicon to meet its obligations to its creditors and jeopardizing Dicon's ability to continue to operate and retain its customers, thus precipitating the instant bankruptcy filing."

"Unless Dicon can be extricated from control of Spongetech and its principals, it will be dragged down by its tainted parent. As a result, the creditors of Dicon have commenced this case to preserve the going concern value of Dicon and enable Dicon to survive and succeed, either via a sale or as a recapitalized stand-alone company."

SPNG shareholders will get NOTHING from Dicon and SPNG had nothing else of value.