Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Unemployment surge in Black Creek?

The employment contracts of the people that hold/held the following positions at Dicon expire tomorrow:
CFO
VP of R&D
VP of Marketing
VP of Sales
Operations Manager

The original contracts were all signed as follows:
I wish you success with the Company.

Sincerely yours,
Dicon Technologies, LLC


Wayne Celia
President

As shown, the contracts were made with Dicon, LLC and not Spongetech and carried effective start dates of 7/1/09, pre-dating the sales agreement.
To the extent that the issue hasn't been rendered moot, I wonder if there's anyone there with the authority to negotiate on the behalf of the company?
I guess that would fall to the Trustee, but the timing is horrendous given the "Movants" request to reconsider his appointment. A fine mess for some people that made their way down from Jersey, presumably looking forward to doing their thing at a brand new facility in a whole new environment.

http://sec.gov/Archives/edgar/data/1201251/000114420409037511/v154860_ex10-1.htm