Replies to post #327304 on Spongetech Delivery Systems Inc (fka SPNGQ)

[Risicare]

OT, you do understand that SPNG stockholders do NOT become creditors just because they filed this motion, don't you?

[puppydotcom]

I say the creditors are going to get wiped out ..
when its finally found out the company has been looted of everything by the 2 crooks ... but the DICON asset and that's only because they couldn't pick it up and carry it away

why would Doug Furth, Steven Hess or David Pilond be creditors?

the only way is if they gave money to the insiders for some unauthorized DIP plan .. and that money will be attached in the bk

regular share holders will get zip ..

no matter what

chapter 11
or
chapter 7

and the SEC will clear up the rest of the mess by revoking the trash left behind

and everyone can thank the 2 crooks and their gang!!