Replies to post #314009 on Spongetech Delivery Systems Inc (fka SPNGQ)

[musicalchairs]

??? Commercial bankers are the ones who do the factoring. What assets are you refering to?

[FMorgan]

But what you aren't answering is what makes it any worse than the 3% credit card fee?

[GnomeOfZurich]

If they had real A/R, then they could sell those off at a discount to create cash, that is why A/R is under current assets.

But there A/R was false, so no cash.

Like I said, SPNG probably has negative equity on the balance sheet.