Honorable Judge Bernstein,
A while back, I wrote an email (Doc#232 attached) to the Trustee Mr. Silverman requesting that he publish the 400-450 page document that depicts the 50 Billion counterfeit shares present in Spongetech Delivery's (SPNG) share structure. To date that has not been done. Hence this email.
Your Honor, to give some background, the reason SPNG is in Bankruptcy is not due to cash flow problems nor is it due to a loan default as it had zero debt on its last filed balance sheet. SPNG had real products, established a shelf space/presence in 40,000+ retail stores, had very strong customer demand and was on the verge of high growth and job creation in the US. Unfortunately SPNG's business goals were not realized because of a vicious attack by Naked Short Sellers who decimated SPNG's share value by flooding the market with unauthorized, counterfeit shares. In addition these perpetrators directly or indirectly, maliciously inundated the SEC with emails alleging improper conduct by SPNG's management.
The SEC beseeched with these emails and without proper due diligence drove SPNG to its current situation. Thus far, the SEC/DOJ have not been able to provide discovery on its allegations and complaints on SPNG.
Your Honor, most importantly, Shareholders feel that the key to this case lies in the 450 page document depicting the 50 Billion counterfeit shares and full transparency to all of SPNG's stakeholders can only enable Judicial efficiency and effectiveness.
Wherefore, I respectfully request that Honorable Judge Bernstein enforce full transparency and compel Mr. Silverman to publish the 450 page report on NSS/counterfeit shares.
Your Honor, thank you for considering this request.
Respectfully,
A.Venkatesh
SPNG Shareholder
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OCR of
Doc 236 PDF file
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