Spongetech Delivery Systems, Inc. (fka SPNGQ)

[rdailey4]

Patch, I'm going to go out on a limb here and say that since the SEC case is civil, that it does not trump the BK. The DOJ case while criminal, would not be affected by the BK, but SEC, to my knowledge cannot prosecute criminal fraud, therefore their case is purely civil in nature and can be trumped by BK. I am not an attorney, and neither are you, so it is only my opinion based on that which I read.