Spongetech Delivery Systems Inc (fka SPNGQ)

[OldTymer]

Well, if the trustee is recommending to the court that either a trustee be appointed to the chapter 11, or simply convert this to a chapter 7, then I would have to assume that the SEC and the trustee already know that SPNG has almost no assets, nor are they selling anywhere near enough products to stay in business, otherwise they would not have recommended chapter 7 as an alternative. If SPNG had the sales to stay in business, chapter 7 never would have been mentioned. You don't liquidate a company if they have the sales figures to continue. IMHO.