Replies to post #326507 on Spongetech Delivery Systems Inc (fka SPNGQ)

[overachiever]

And it prolly sounded good to the client - right up until Tao's filing. Either way, Bessette got to bill for preparing the filings - and that is all that really matters.

Yep. You hit the nail on the head.

[loanranger]

It is my understanding that to stay a money judgment means to preclude its collection, not to prevent the finding. That's what I intended to convey. Staying a judgment stops its implementation, not the judgment itself.

This is what I needed help with:
"Exactly how they would be treated in a re-organization plan in terms of preference, I have no idea."

Any idea?