Replies to post #327611 on Spongetech Delivery Systems Inc (fka SPNGQ)

[pantherj]

So, you are privvy to this info how ... and why? BTW, my bet is that if Hays stays as Trustee, or is reconfirmed as you put it, there wll be no DIP financing offers because none exist. I call it the DIP ploy to buy more time and get rid of Hays.

[puppydotcom]

not exactly true either. people have come forth but due to the alleged conflict of interest of the trustee this info was being withheld until this is settled. these are formal offers in sense they are written, not verbal, but are not being submitted, as they need not be, until it is established how spng will move forward. i know this, i have seen this. some of them are conditioned on the removal of this trustee. there is no obligation to show these to the court until a motion is made to allow dip financing. the trustee has a responsibility to do so and, due to the implied conflict, it can be withheld until the trustee appointment is formalized, or reformalized

the only thing you know .. is what you saw in the court . if your involved in the writing of any agreements between the share holders spell it out .. stop trying to be the in between guy trying to sell you're impartial and fair reporting

its not working

btw .. the share holders don't make the decision on the DIP .. the courts do on the basis of the company and its condition

[puppydotcom]

not exactly true either. people have come forth but due to the alleged conflict of interest of the trustee this info was being withheld until this is settled. these are formal offers in sense they are written, not verbal, but are not being submitted, as they need not be, until it is established how spng will move forward. i know this, i have seen this. some of them are conditioned on the removal of this trustee. there is no obligation to show these to the court until a motion is made to allow dip financing. the trustee has a responsibility to do so and, due to the implied conflict, it can be withheld until the trustee appointment is formalized, or reformalized

the only thing you know .. is what you saw in the court . if your involved in the writing of any agreements between the share holders and Pike or groups .. spell it out what you're trying to get accomplished because now you say you see secret doc's and agreements no one else has and try to give credit as reliable facts .. when in fact nothing exists for the public

btw .. the share holders don't make the decision on the DIP .. the courts do on the basis of the company and its condition