Replies to post #233029 on Spongetech Delivery Systems Inc (fka SPNGQ)

[DueDillyFirst]

"Same principle of not wanting to lose control via any Chapter of BK"

unless they get thrown into an involuntary BK - a trustee gets appointed and they can vote on anything they want - but it wouldnt mean a thing...

[TEX]

That makes it tough.

Hey, Renee, interesting posts about the bankruptcy angles--how do know about that stuff? I'm interested because of the loopholes that protect mortgage lenders instead of homeowners.