Replies to post #273230 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[ozz112]

More importantly, IF SPNG does not file, they still
retain valuable patents, viable products, licensing
rights, Dicon, and other capable executives that can
take over. Not to mention salable assets.

All of which will be owned by the class actions....do you really believe a company can fraudulantly rip off thousands of investors and simply go on its merry way? SPNG will be dismantled. Millions of dollars have been lost by investors. They have very few actual assets on top of that.

[pantherj]

By the time of revocation, any valuable assets that SPNG has will be siphoned off to other entities controlled by the Mutt brothers. The siphoning has already begun with RME taking control of the GFGU shares, which we were told SPNG paid for and filed suit for; and then suddenly, the tag line, "America's cleaning company" is no longer SPNG's and is being used by Vanity. I didn't see any filing that showed any compensation paid to SPNG for this intellectual property. If Dicon has any value, it will shortly be gone, also; as will the Marvel rights and any other asstets.

More importantly, IF SPNG does not file, they still
retain valuable patents, viable products, licensing
rights, Dicon, and retain capable executives that can
take over if necessary. Not to mention salable assets.