Replies to post #222859 on Spongetech Delivery Systems Inc (fka SPNGQ)

[tturner617]

My brother-in-law promised to pay me back the 20 bucks I gave him too, that was 20 years ago.

[SDBob09]

I agree, something "happened", and by reading these docs it was personal. These guys aren't having coffee and crumpets together any longer.

[happyguy72]

though, according to the claims, the money was hands off until the shares were delivered...

oops.

[albus]

if they promise to send money back asap then why need alternative financing to pay the money -- if they have the money in escrow then interplead it into the court to avoid appearence of fraud and let judge or fedeal magistrate decide --they do not have money -- but i bet they dilute, if they have enough volume to get money to pay it to the court or federal referee

this one is in spng favor - though you are right, something happen and that is an important part of this

[xDREWx]

I actually know a bit about contract law. Interestingly enough - the spending of the money counts as much as any signature as an acceptance of term. Specifically the law applies to the cashing of a check. Delivery for consideration is the only thing missing : breach of contract.

(obviously an extremely simple take)