Spongetech Delivery Systems Inc (fka SPNGQ)

[Xenophon]

The conflict of interest is because Greenberg, Taurig represent both Spongetech and Metter - and the interests of Spongetech shareholders (Spongetech) is not the same as that of Metter, hence a conflict of interest between two parties represented by the same lawyer(s). Ergo, Greenberg, Taurig must withdraw from representing Spongetech because they represent Metter.

Metter may oppose an appointed receiver, but it is in the best interest of Spongetech.

I'm sure Metter wants to appoint some of his buddies to manage Spongetech, whereas the SEC wants an independent receiver.

This has ABSOLUTELY nothing to do with Pike.