Spongetech Delivery Systems Inc (fka SPNGQ)

[dpilon]

07/25: CREDITORS now ask REVERSAL to Chapt 11 and are asking Judge Bernstein to approve Mr. Sasser $755 motion for this.

Yes TAO, you read correctly: CREDITOR (not only SHAREHOLDER anymore)

http://www.scribd.com/doc/60815594/7-11-11-Sponge-Tech-Doc-322-Email-Filed-by-James-F-Davis-Creditor

CREDITORS want CONTINUED business, not ridiculous FINAL PAYMENT with pennies on the dollar by this negligent Trustee. They want a 5 years REORG plan that will bring them CONTINUED business:

"... A tennis industry source told CNBC that the USTA was paid in full by the company..."

Tell tennis LOVER Jeffrey TAO that he knew SpongeTech paid USTA in FULL

http://2009.usopen.org/en_US/news/caption/2009-09-14/200909141252978680687.html

http://2009.usopen.org/en_US/news/caption/2009-09-05/200909051252125617328.html