Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Stock Stallion]

I think it is more your lack of BK knowledge that is in question. Go look at the cases where a trustee is put in by the courts. then read where it says the trustee can move to chapter 7 and liquidate everything.

Not sure where you are getting your info from but it is false and misleading at best.

remember that whatever assets SPNG has are not LIQUID assets. they would have to sell DICON and sponges/inventory to be able to pay off creditors. right now SPNG is responsible for dicons bills, DICON ins.,payroll,elect. etc. that they can't seem to pay.