Spongetech Delivery Systems, Inc. (fka SPNGQ)

[dpilon]

JUDGE Bernstein ADMONISHED trustee Acampora that shareholders too, have broad powers.

He also told the trustee that if he felt that NSS wasn't an asset, and wasn't worth pursuing, then he should "ABANDON ANY CLAIM" to the issue (i.e. ASSIGN to another firm and/or entity), so that shareholders could pursue the issue themselves.

Pretty clear isn't it?

Oh boy former SEC Chief of Enforcement Division likes this!

And with RME now BK, who has the 267 MILLION shares HUGE ASSET do you think?

"February 28, 2010

In July 2008, RM Enterprises International, Inc., a company that is our majority stockholder and which is controlled by certain of our officers and directors, agreed to grant us the right, exercisable by us at any time on or prior to February 28, 2010, to repurchase all or any portion of the 267,154,132 shares issued that RM Enterprises International had purchased from us since January 1, 2008 at the original price paid by RM Enterprises International to us for such shares, or an aggregate of $4,918,432.46 for all of such shares. On February 28, 2010, RM Enterprises International agreed to extend the date by which such repurchase right may be exercised by us to August 31, 2011. A copy of the amendment to the stock repurchase rights letter agreement is attached as Exhibit 10.1 and incorporated herein by reference."

http://www.sec.gov/Archives/edgar/data/1201251/000114420410011132/v176145_8k.htm

That brings the OBVIOUS question: What instances require a change in the CUSIP number?

"The CUSIP number is assigned to each issue and may need to be changed when there is a:

- Change in company name;

- Reorganization;

- Merger;

- Forward stock split, when payable upon surrender of certificates;

- Reverse stock split; or

- Emergence from bankruptcy.

Key words here: "Emergence from bankruptcy"

April 11, 2011, 1:20 pm: WOW! Mr. TZANIDES and JIANG successfully bought SpongeTech assets! (i.e. "The New SpongeTech, L.L.C.")

Now what will they do with shareholders and the SPNG shell? (i.e. "The CURRENT SpongeTech Delivery Systems, Inc.")

Chill out!

----- Forwarded Message ---- 
 From: "[e-mail]" <[e-mail]> 
 To: David Pilon <[e-mail]> 
 Sent: Tue, March 8, 2011 5:22:49 PM 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 5 m 
 Sent from my Verizon Wireless BlackBerry 
  
  
 -------------------- 
 From: David Pilon <[e-mail]> 
 Date: Tue, 8 Mar 2011 14:12:05 -0800 (PST) 
 To: <[e-mail]> 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 Don't be naive/nonchalant ->  
 http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=ts&bn=100008&tid=249340&mid=249340&tof=-1&rt=1&frt=2&off=1 
  
  
 -------------------- 
 From: David Pilon <[e-mail]> 
 To: [e-mail] 
 Sent: Tue, March 8, 2011 5:06:44 PM 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 What is the China company Chao Jiang is the intermediary for? 
  
  
 -------------------- 
 From: "[e-mail]" <[e-mail]> 
 To: David Pilon <[e-mail]> 
 Sent: Tue, March 8, 2011 5:20:14 PM 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 You caused a lot of problems and extra work chill out 
  
 Sent from my Verizon Wireless BlackBerry 
  
  
 -------------------- 
 From: David Pilon <[e-mail]> 
 To: [e-mail] 
 Sent: Tue, March 8, 2011 5:00:43 PM 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 He is unfavorable to shareholders, just like Andrew Tzanides  
 and Chao Jiang, you think we will let you move on with these  
 guys with an unfavorable to shareholders plan? 
  
  
 -------------------- 
 From: "[e-mail]" <[e-mail]> 
 To: David Pilon <[e-mail]> 
 Sent: Tue, March 8, 2011 4:42:43 PM 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 Your off your rocker why not bruce springstein or donald trump  
 wayne has nothing to do with this 
  
 Sent from my Verizon Wireless BlackBerry 
  
  
 -------------------- 
 From: David Pilon <[e-mail]> 
 Date: Tue, 8 Mar 2011 13:23:35 -0800 (PST) 
 To: <[e-mail]> 
 Subject: Re: Chao Jiang and Wayne Celia 
  
 What do you think? 
  
 ...