Replies to post #128350 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[no_BS_plz]

Disclaimers regarding being potential harmful to ages of children under 3 are prominently displayed. I ran it by our corporate attorney, and he said that while the disclaimer does not prevent frivolous lawsuits, he cited several recent suits that have been dismissed, with warnings of contempt of court if additional litigation was brought by plaintiffs.

[Crystalballz]

You are under the impression that liability insurance protects something? All any "general liability policy" does is protect and insure general business activitys, it does NOTHING to protect against frivoulous lawsuits, except hire an attorney, and most of the time not even that. So actions against a company are usually addressed out of pocket as far as attorneys expenses go, and this is nothing unusual, it pertains to ALL company's not just SPNG. Oh and don't get auto insurance and company general liability insurance confused, cause unlike auto, if a company loses a lawsuit, deep in the paper work the insurance company won't pay anything because "the company must have done something wrong" and we don't cover that. What I am saying in whole is that general liability insurance is a joke and no decision on trading or investment should EVER be based on any aspect of it.

[vienna]

They haven't disclosed whether they have 1, 2 or 3 ply toilet paper in their restrooms either, but based on their success at building a company I rather suspect they are capable of doing the right thing in either case-don't ya think??