Spongetech Delivery Systems Inc (fka SPNGQ)

[taint_she_sweet]

if there are no creditors that are getting stiffed your point is basically meaningless. a prepackaged bk usually takes into account all claims and then, if assets exceed liabilities, insures the priority payments to the creditors. a company with a positive equity number but poor cash flow can almost always get dip financing. everyone gets paid, nobody gets hurt, and life goes on.

the criminal charges dont go away but without an indictment there isnt much to go on now, is there? the civil cases take a back seat to the bk claimants.