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puppydotcom

07/10/10 3:23 PM

#325383 RE: overachiever #325382

Exhibit A .. has not been completed .. it is an SEC rule in regards to public companies filing chapter 11

I don't see how this Bk filing can become effective

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Public companies1 are subject to explicit disclosure and reporting requirements under the Securities Exchange Act of 1934.2 The act requires the filing of specified information with the Securities & Exchange Commission (SEC) in annual reports on Form 10-K and in quarterly reports on Form 10-Q. Current reports on Form 8-K are required when specified events occur and can be used to satisfy other disclosure obligations of public companies. Under SEC regulation,3 public companies can be required to avoid or correct certain kinds of “selective disclosure” — that is, to make public disclosure of any material, nonpublic information that has been privately disclosed to persons outside the company.

These Exchange Act obligations directly affect corporate communications. At most public companies, financial and accounting executives have a sound working knowledge of such requirements as they apply in the ordinary course of the company’s business. Quite understandably, however, when a public company seeks protection under Chapter 11 of the U.S. Bankruptcy Code, its management may not be familiar with precisely how such requirements apply to the business during such extraordinary proceedings.

This article reviews the basic Exchange Act disclosure and reporting requirements as they apply to public company Chapter 11 debtors.4 It is true that companies in Chapter 11 often comply with such requirements only very loosely and that SEC enforcement of such requirements against these companies is rare. Nevertheless, Exchange Act reporting and disclosure requirements continue to apply in bankruptcy, and turnaround professionals must take them into account in managing a case to a successful conclusion.
Announcing the Bankruptcy

Prior to entering Chapter 11, a troubled public company’s financial condition and legal, accounting, and operating problems typically are already publicly known to some extent. Filing the Chapter 11 petition with the Bankruptcy Court commences the bankruptcy case and triggers a requirement that the debtor make disclosure on Form 8-K,5 which must include certain basic information about the bankruptcy proceedings.6

The form must be filed with the SEC within four business days of the date the petition is filed.7 In most cases, a public company will find it convenient to prepare a press statement that includes the required information regarding the bankruptcy filing, issue the press release on the petition date, and then immediately file a Form 8-K to which the press release is attached as an exhibit.
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scion

07/12/10 8:46 PM

#325671 RE: overachiever #325382

Pacer update 12 Jul 10 Chapter 11 Bankruptcy Petition #: 10-13647-smb Debtor Spongetech DeliverySystems Inc.

U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 10-13647-smb
Assigned to: Judge Stuart M. Bernstein
Chapter 11
Voluntary
Asset
Date filed: 07/09/2010


Debtor
Spongetech DeliverySystems Inc.
10 West 33 Street
New York, NY 10001
Tax ID / EIN: 54-2077231

represented by Spongetech DeliverySystems Inc.
PRO SE

U.S. Trustee
United States Trustee
33 Whitehall Street
21st Floor
New York, NY 10004
(212) 510-0500

Filing Date # Docket Text

07/12/2010 Deficiencies Set: Schedule A due 7/23/2010. Schedule B due 7/23/2010. Schedule D due 7/23/2010. Schedule E due 7/23/2010. Schedule F due 7/23/2010. Schedule G due 7/23/2010. Schedule H due 7/23/2010. Summary of schedules - Page 1 due 7/23/2010. Statement of Financial Affairs due 7/23/2010. Atty Disclosure State. due 7/23/2010. 20 Largest Unsecured Creditors due 7/23/2010. List of all creditors due 7/23/2010. List of All Creditors Required on Case Docket in PDF Format due 7/23/2010. List of Equity Security Holders due 7/23/2010. Corporate Resolution due 7/23/2010. Local Rule 1007-2 Affidavit due by: 7/23/2010. Corporate Ownership Statement due by: 7/23/2010. Incomplete Filings due by 7/23/2010, (Porter, Minnie). (Entered: 07/12/2010)

07/12/2010 Pending Deadlines Terminated. (Porter, Minnie). (Entered: 07/12/2010)

07/09/2010 2 Letter informing Court that Neiger LLP does not represent the Debtor filed by Edward E. Neiger on behalf of Edward Neiger. (Neiger, Edward) (Entered: 07/09/2010)

07/09/2010 Judge Stuart M. Bernstein added to the case. (Porter, Minnie). (Entered: 07/09/2010)

07/09/2010 1 Voluntary Petition (Chapter 11). Order for Relief Entered.Fee Amount $ 1039, Receipt Number 183864 Schedule A due 7/23/2010. Schedule B due 7/23/2010. Schedule D due 7/23/2010. Schedule E due 7/23/2010. Schedule F due 7/23/2010. Schedule G due 7/23/2010. Schedule H due 7/23/2010. Summary of schedules - Page 1 due 7/23/2010. Statement of Financial Affairs due 7/23/2010. Atty Disclosure State. due 7/23/2010. List of Equity Security Holders due 7/23/2010. Corporate Resolution due 7/23/2010. Local Rule 1007-2 Affidavit due by: 7/23/2010. Corporate Ownership Statement due by: 7/23/2010. Incomplete Filings due by 7/23/2010, Chapter 11 Plan due by 11/8/2010, Disclosure Statement due by 11/8/2010, Initial Case Conference due by 8/9/2010, Filed by Edward Neiger of Neiger, LLP on behalf of Spongetech DeliverySystems Inc. . (Porter, Minnie) (Entered: 07/09/2010)

https://ecf.nysb.uscourts.gov/cgi-bin/iquery.pl
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MorningLightMountain

07/13/10 4:55 PM

#325814 RE: overachiever #325382

wonder how much longer until the music stops forever on SPNG trading????