Replies to post #323223 on Spongetech Delivery Systems Inc (fka SPNGQ)

[leucro]

The significance of Dicon is that their business produces a paltry $8 Million and with regards to the SPNG product, less than $2 Million. What do you think it costs to run Dicon? What do you think any new CEO would want for a salary? Dicon was sold at a fire sale because it was a losing business. At $100K/person in salary and benefits that is between $2.5 and $5.7 Million depending on what level of employment you want to present and that is being generous at $100K. What do you think material costs are, advertising, taxes, insurance, and electricity

What did you get a degree in? Apparently, it is not business management if you think that is the capital cost on labor for a company such as SPNG. Of course I am not gullible enough to believe you believe what you are stating, it is just more hogwash to confuse those less knowledgeable.

So I will ask, with all we know of these crooks, do you think SPNG has any leverage in the lawsuits? Do you think that any other reasonable person would consider that SPNG has a solid case against paying these debts? If not, consider them debts and not legal matters.

Which part do you not understand that it does not matter what anyone outside of the courts believes, it will only become a debt when and if it is ruled as such. You know the reason why so many people have had a hard time believing what you and your lackeys have to say? It is strictly based on your delivery method. You or your cronies are no different from (say someone like DPilon,) always overly zealous.

[hoggey1]

"What do you think?" Well what I think is that you take your assumptions and opinions and present them as fact.

"It's only a lawsuit now because M&M refuse to pay their debts. once more reasonable management come in, the issues will be settled as new management will recognize this for what it is and pay off debts to avoid additional legal expenses."

For example, you don't know the particulars of these lawsuits any more so than 3rd grader understands calculus. It's possible M&M simply refused to pay their debts. I don't know the particulars, any more than you, only I'm not making any assumptions. And I'm certainly not presenting my opinions or assumptions as fact. Rather, I've only stated the simple truth of the matter in distinguishing a potential liability from secured and unsecured debt. And I wouldn't have even bothered making the distinction if you and others hadn't been so busy distorting those details.

"You on the other hand make it appear as though these cases will go to trial - hense a real lawsuit."

Patch, you need to take a logic class because yours is faulty. If those suits are not real lawsuits, then why did the plaintiffs file them in court and why are they called lawsuits?

Regarding your allegation that I make it appear like these "lawsuits" are real "lawsuits," I'll plead the 5th since I don't know how to make pigs fly. Until Webster tells me a lawsuit is anything other than a lawsuit, and as long as these suits are considered by the court to be lawsuits, I'll have to refer to them as lawsuits. Wheeewww Patch. Actually, I never said anything about the suits but the obvious. That being the as yet uncertain outcome and the possibility of taking years to resolve.

As far as any new management, you have no idea how they'll handle these suits. Again, you're presenting your assumptions and opinions as fact, which IMO, only distorts the truth.