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loanranger

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Re: cowtown jay post# 330920

Wednesday, 10/06/2010 6:56:46 AM

Wednesday, October 06, 2010 6:56:46 AM

Post# of 346920
"Will never resign"

At least he still has his sense of humor.

The statement "SpongeTech understands that defendant Steven Moskowitz intends to resign as soon as an interim CEO is on board" was made prior to the bankruptcy filing, when it might have actually meant something. The filing and the appointment of a trustee emasculated the CEO and CFO positions. He doesn't have to resign because he has been deposed and is currently totally without the power to take any action in the name of the company or access petty cash.

The emperor has no clothes. And yet, some still enjoy the parade.

I'm tryin ta think but nuttin happens......Curly, the deepest of the Stooges.

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