Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"My point is that taking all the quotes regarding naked shorts from Silverman/Acompora leaves me to believe they have not spent much if any time on this particular issue."

I agree that it doesn't SOUND that way.
On the other hand, it could just be another one of the abundant reasons (bad books, missing accountants, fifth amendment claims, etc.) available to them to toss up to the judge if and when they propose that a re-organization plan is practically and economically impossible, making his acceptance of that motion a slam dunk. And they may be just warming him up to the idea.
As the judge pointed out, the lack of obvious sources of recovery could result in any expensive efforts toward that end on their part jeopardizing their ability to recover their own costs. He seems to think that it might be unwise to drag the process out any longer than necessary.

There's really no good reason that I can think of for the subject to come up in the first place.