Spongetech Delivery Systems, Inc. (fka SPNGQ)

[patchman]

So we have some support of our position from the community of creditors.

not really.

1. Shareholders are not creditors. you have no contract with the company and no contractual return. in fact, once the company sold stock to the market they have no legal obligation to that stock.

2. the bankruptcy judge has nothing to work with as the judge has no authority to demand any investigation.

3. the statements used in the opinion letter are all hearsay. The 50 billion NSS came from shareholders not the SEC, DOJ, or otherwise. The statement was made out of ignorance.

for those shareholders that want restitution YOU must use the courts and sue. your suit would be against those that illegally sold you stock in the market (mutts) or NSS if you can find them. But since what trades in the market is not an asset of the company you got nothing in a BK court. if the company wants to pursue so be it but this company has no money and no proof anything exists. shareholders can not spend creditor money to seek personal restitution because they are ignorant of the legal facts.