The bankruptcy judge explained that to shareholders here that if they truly believe in the serious allegations of NSS in Spongetech they need to do their own investigation as the court nor the SEC will waste their time on it.
Now the question one has to ask is why? The answer is that they are telling the shareholders as politely as they can that it's a conspiracy theory they are chasing after and it's a joke to them.
There will be proof, whether the stuckholders here will believe it or not is the real question.
Of course it's easier to blame management, they were the ones who created this mess. If they were so sure of the NSS all they had to do was file the 10-K and provide the necessary share information from the TA. They didn't.
It's just amazing that people still haven't opened their eyes to the blatant fraud that went down here. Staggers the mind