Spongetech Delivery Systems, Inc. (fka SPNGQ)

[chipgiii]

I find the whole Chapter 11 thing ridiculous. Chapter 11 is normally re-organization. For that to happen there needs to be some sense of realistic positioning (and some $$$) to make it a viable proposition. I don't see that even a remote possibility. What I do see is Chapter 11 being a stall tactic. Why I don't know. Chapter 7 or just going away makes more sense, unless that is perceived as guilt, which these guys will never admit. At the very least I believe these guys may suffer from NPD (narcistic personality disorder) - or they are just out right sociopaths. Either way I hope justice is served and they get exactly what they deserve - jail time.