Spongetech Delivery Systems Inc (fka SPNGQ)

[loanranger]

scion,
As always, thanks.

This set of filings seems to be a fairly simple request. If I understand it correctly, GT is saying that they want out (again). But instead of offering a reason concealed in a document that they are seeking to keep under seal, they are saying that they are not authorized to operate under SPNG's new DIP status and SPNG has a competent attorney who is, hence they are no longer necessary.

Am I reading this right and if so, might it render the in camera and seal requests moot? In fact, might that be its purpose?

"Henry Sewell of McKenna, Long & Aldridge is Spongetech’s Chapter 11 Trustee’s proposed counsel."
I don't see that on the BK docket yet. I guess we have to wait and see 1)if it's true and 2)if the new counsel will be handling both the SEC and BK cases.

3 Lawyer Monty. Keep your eye on the......