Not that this will last more than a few seconds... because all my posts mysteriously get deleted but here it goes...
Memo to all Spongetech bloggers, information seekers, posters etc. For the longest time there is one very active and misinformed messenger who has continuously posted accusations, “facts” and opinions that are very colorful and exciting but lack truth, fact and are generally tainted and slanted. To go through the record and dissect every comment would take a decade of Sundays so I will be brief and to the point.
All of the discussion about where SPONGETECH would have taken you the stockholders isn’t what has been represented by this one person but the reality of where you are today.. Spongetech took the stockholders on the trip to nowhere long before the phanthom customers,non-delivery of product and yes the acquisition of Dicon.
For the record Dicon was a profitable company and well respected in the industry long before Spongetech acquired them. Check the transcripts of all of the hearings and Chap 11 filings and you will find that Dicon was making money and Spongetech management was taking it... Spongetech was a marketing company and that is what they did, Marketed their ideas to the shareholders and investors. The public documents of the recent Chap 11 case on the Sale of Dicon demonstrates what an effective group of professionals both on the unsecured and secured committees can do to secure some sort of return from an obvious no asset situation and administrative insolvency. The opportunity was there for all of the followers of Mr.X to buy Dicon, do their due diligence and support all of the claims he makes as to the integrity, solvency and true motivations of Spongetech. Other than writing blogs and being aggressive on message boards why hasn’t anyone come forward to support these accusations and run a legitimate business? The recent sale of Dicon brings legitimacy to the creditors, to the business because it will continue going forward, it will create job opportunities and return production to Black Creek. The ideas of the new company and not Spongetech will bring real products and opportunities to the marketplace. Everyone should be saying THANK YOU instead of criticizing the purchasers because NO ONE ELSE STOOD UP TO KEEP THIS BUSINESS ALIVE AND AFFORD SOME KIND OF A RETURN TO CREDITORS.... All of the members of the committees, the trustees, the county and the purchaser should be applauded and not chastised for taking a position in the interest of doing the right thing for the people, the community and the business especially in these trying economic times... Again I urge you all to read the record because it is now public and draw your own educated conclusions and follow what the future holds for the new company, and Spongetech the company still under SEC and continuing litigation...
AI
