Replies to post #324374 on Spongetech Delivery Systems Inc (fka SPNGQ)

[TEX]

Boy, are you confused.

The trustee/receiver was to be appointed *exactly so* Dicon can have a chance.

Judge may be pretty harsh, going forward.

[puppydotcom]

No it isnt. There will be no trustee atm - untill court says so -

first .. my statement was made before the judges ruling posted by Scion


and

I'm pretty sure there will be a bankruptcy trustee for Dicon

and

the SEC - when they found out about the CH 11 filing of Dicon .. they asked for a separate trustee ..

the sec is interested in any civil violations from any and all parties involved in this scam

and the DOJ/IRS are interested in any criminal charges - filing ch 11 in no way protects the criminal from the SEC or the DOJ/IRS

[pantherj]

Bankruptcy is not going to prevent either the SEC or DOJ from extracting justice.

[puppydotcom]

- Dicon will go in chapter 11, so they stay out of the hands of the SEC.

also remember spng is said to own Dicon - when spng is forced into bankruptcy by the creditors ( just like Dicon )
Dicon will become part of SPNG assets in the bankruptcy

dual bk's