Replies to post #333556 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

You obviously do not get it. The bidding process for the few assets of this disaster will only bring in enough funds to pay for the trustee's fees and perhaps pay some of the debts. The common shareholders of SPNGQ will be wiped out. They will get nothing.

Learn a little bit about how these things work and you can avoid making the same mistake in the future.

[Risicare]

You do realize they are buying the assets of SPNGQ and nothing else? How you think that is good is mind boggling. The only thing worse that can happen here is for the stock to be revoked.

[puppydotcom]

SPNG is already dead .. its an asset sale through the chapter 7 bankruptcy liquidation process ..

SPNG is now gone and dead ..

when the BK is discharged the courts will cancel the company and the security registration through the SEC

there is ZERO hope that SPNG will survive

I agree its elementary .. as long as you understand the facts ...