Spongetech Delivery Systems Inc (fka SPNGQ)

[Shaniqua]

"Hey, if the sporting teams and venues that got the bad checks were so sure of their positions, why havent they filed their claims yet? only one has to my knowledge.. and the bad checks? where are the prosecutions or criminal complaints you were all so sure of?"

Please, are you for real? Why waste the time and money to sue a fraudulent company over their criminal and illegal actions after it has utterly collapsed and imploded into bankruptcy? Who would file a claim against an insolvent fraudulent firm under investigation by FEDERAL AGENCIES such as the SEC, FBI,& the DOJ. These legitamate organizations realize that you can't squeeze blood from a turnip and have for the time being chosen not to waste their legitamate money in pursuing bankrupt SPNG. They are just letting this fraud work its way through the justice system which doesn't appear to be slowing down.

I'm amazed at what these people on these forums (and apparantley with no shame in court) will say to continue:

A) promoting this fraud

B) defending the criminals who created this fraud

C) do whatever possible to through a wrench into the legal process in an effort to be able to unload their worthless shares onto other victims reading this stuff (like the postings from dpilon urging everyone to harass the fine Judges, Attorneys, SEC officials, and whoever else has come into contact with SPNG simply because they're doing their jobs to shut down this fraud and prosecute those who chose to simply break laws at will in the name of greed)

SPNG is officially bankrupt. The shares are not trading and will never trade again in US markets. To even suggest "this is awesome everyone...no claims being filed...what does that prove about their stance against these debts...this is proof of what the bashers are doing to our beloved company...!" is delusional and flies against all the REPUTABLE governmental agencies which are putting an end to this joke.

One last quick note, for an unofficial committee of shareholders to allegedly offer some secret DIP financing if the Trustee is removed and replaced only goes to show how ignorant and out of touch with reality these people are. In the end, this just goes to prove reason 'C' above.