Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Don't read the court transcripts.
Don't follow the bankruptcy case.
Don't spend another minute thinking about Spongetech in the sense of "how do we get our money".
If the various court proceedings generate any recoveries from the perpetrators (they probably will not), the court will find you, provide you a claim form, and mail you whatever pittance you are entitled to. Don't stare at the mailbox.....it might take a few more years.

Spend whatever time you might have been advised to waste reading the court transcripts or following the bankruptcy case reviewing your portfolio to make sure that there are no other Spongetechs in it. Think about why you bought this thing and why you failed to sell it before it lost all its value. Think about why you failed to recognize the fraud. The only reason to think about this company is to learn how not to buy one like it again. The money is gone.

Good luck.