Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

first of all I don't see how Pike could ever be the receiver. The receiver is court appointed. Since most are lawyers or CPA depending on the appointment and clearly Pike would be a serious
conflict of interest ..

I have no idea what eliaman is going on about or why he even said that?

don't know why the attorney withdrew .. maybe the conflict of interest - is his interest in getting paid by SPNG and its not happening because Mosky will be removed and he knows the new receiver will not pay. The attorneys hired by Moskey will be the very first to go if funded by spng.

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In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights."[1] Various types of receiver appointments exist:[1]

1. a receiver appointed by a (government) regulator pursuant to a statute;
2. a privately-appointed receiver; and
3. a court-appointed receiver.[1]

The receiver's powers "flow from the document(s) underlying his appointment – a statute, financing agreement, or court order.