Replies to post #341196 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

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SPNG, RME, Metter and Moskowitz are all awaiting the court decision on the amount of the Summary Judgment ruled against them in the SEC case. Look for this figure to be in the $52 million range that was found to have been obtained illegally and flowed through RME and was asked for by the SEC in a filing with the court for RME.

SPNG does not need to plead guilty. They are in violation of many SEC rules and regulations -

Add back the company no longer legally exists and is in chapter 7
( just in case people don't know what chapter 7 is )

It's the liquidation of the corporation and the company

After the BK is discharged the stock will be revoked for the corporations dirty deeds

The corporation entered into this agreement with the SEC and Federal/state government when they elected to become an issuer
of public stock

To obey and fulfill all the laws and requirements of a public trading company

SPNG failed

SPNG is gone ..