Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

patchman, first things first..........

1. what is the intrinsic value of SPNG
--------- Dicon, Licensing Agreement with HHBrown
--------- Licensing Agreements with Viacom, Marvel, Disney, etc
--------- Retail Outlets & Sales
--------- Plant, facilities & equipment
--------- Warehouse, facilities & equipment
--------- add anything that I may have left out
--------- Liabilities .. business
--------- Liabilities ... Legal

2. what is the OS ..after a forensic audit

3. Write up a business plan

It is worth going through this exercise...a chap11 will allow this. Shareholders may come out O.K or get diluted out. But if the plan is good, they can buy new shares at an attractive price. Marvel survived Bankruptcy!!!

Patchman, why make assumptions when you do not have the facts!??