Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

Posted by: puppydotcom Member Level Date: Friday, July 30, 2010 11:54:05 AM
In reply to: Hymanroth who wrote msg# 327611 Post # of 327702 Send a link via email Share on Facebook Tweet this post
not exactly true either. people have come forth but due to the alleged conflict of interest of the trustee this info was being withheld until this is settled. these are formal offers in sense they are written, not verbal, but are not being submitted, as they need not be, until it is established how spng will move forward. i know this, i have seen this. some of them are conditioned on the removal of this trustee. there is no obligation to show these to the court until a motion is made to allow dip financing. the trustee has a responsibility to do so and, due to the implied conflict, it can be withheld until the trustee appointment is formalized, or reformalized

the only thing you know .. is what you saw in the court . if your involved in the writing of any agreements between the share holders spell it out .. stop trying to be the in between guy trying to sell you're impartial and fair reporting

its not working

btw .. the share holders don't make the decision on the DIP .. the courts do on the basis of the company and its condition