posted on yhoo..Pacer: Dicon Interim Consent Order Allowing the Debtor to Continue Its Factoring Arrangement Pursuant to Bankruptcy Code Sections 363 and/or 364; This Order Shall Expire on July 20, 2010 at 5:00 PM EDT unless Extended by Order of This Court. Filed on 6/29/2010 (RE: related document(s) 20 ). (Barnard, Linda) Modified to add additional text on 6/29/2010 (Barnard, Linda). (Entered: 06/29/2010)
What exactly would this lady like? Her money back? From where? Spongetech was never a fully functional and operating company and never turned a profit. where then does this lady think restitution will come from to support the 3 Billion shares issued? If the average investor is sitting at a weighted average of $0.10 that is $300 Million. Based on the revenues in Spongetech thru Dicon, that would be 150 years without dealing with operating costs. This company will never be a $300 Million market cap no matter what this individual wishes.
This poor lady is the perfect exmple of the victims of penny fraud. She hasn't a clue about business principles, has obviously not done any DD, appears to be barely literate, lives in a complete fantasy land and feels the world owes her a living. She had no business investing $20.00 let alone $20,000.00. Just the type of person these thieves live off of.
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