PIKE!! just as I have said all along .. just a stuck bag holder
now seeks relief ( we need the SEC to subpoena Pike for deposition and get the real story about their true relationship with spng .. now we see hidden loans from Pike to SPNG
gulp!!!
A summary of all actions that Mr. Hays has taken since being appointed trustee
on July 20, 2010;
b. An explanation for why no action has been taken to transfer the chapter 11 case of
the Debtor’s wholly owned subsidiary, Dicon Technologies, LLC, to this Court,
where the cases can be procedurally (and, if appropriate, substantively)
consolidated;
c. An explanation as to why the Debtor’s chapter 11 petition has not been
supplemented to include (i) a creditor matrix, as required by Bankruptcy Rule
1007(a)(1), (ii) a corporate ownership statement, as required by Bankruptcy Rule
1007(a)(1), and (iii) a list of the top 20 unsecured creditors, as required by
Bankruptcy Rule 1007(d), and the expected date on which such supplement will
be filed with the Court;
d. The expected date on which the Debtor’s 10-K will be publicly released;
e. A summary of conclusions reached by Alvarez & Marsal, a forensic accountant
hired by the Debtor prior to the petition date, including, without limitation,
regarding sales figures, customer lists, and the share count;
f. An explanation of the current state of operations of the Debtor and whether the
Debtor has any access to cash and if not, whether the Debtor is paying its debts as
they come due;
g. An explanation of what, if any, motions the Trustee intends to file in order to
facilitate the continued operations of the Debtor’s business as a chapter 11 debtor;
and
h. An explanation of any knowledge that the Trustee has of a post-petition loan
made to the Debtor by Robert Greenberger, as alleged by Mr. Greenberger in his
July 22, 2010 letter to the Court (D.I. 58), including the amount of such loan, the
intended use of proceeds, any security granted to Mr. Greenberger to secure the
loan and the term of such loan.
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