No... those things are allegations, no proof has been submitted to the judge. We wait for the DOJ ... April 8th.
The bottom line here is 1. The management of this company financially pillaged the shareholders. (allegations, no proof) 2. The company (Spongetech) is worth less than nothing and is therefore being shut down. Shareholders will get nothing from it. (your opinion, the shell is an asset that could be sold.) 3. The ticker (SPNGQ) is a toxic shell and anyone who is foolish enough to buy into it deserves exactly what they get, when they could simply select another shell without all the baggage. (So if a shareholder doesn't agree with you, that makes them "deserving" of what they get?) Those things are the truth whether you choose to accept them or not. (I choose not to accept "your" truth)