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Shareholder opposition to  S. Gregory Hays appointment as chapter 11 trustee

Shareholder opposition to S. Gregory Hays appointment as chapter 11 trustee

209 signatures 41 to reach 250
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Thimmi R. signed
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Bart signed
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Lorna T. signed
B
Bjorn W. signed
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Charles E. signed
C
Christopher N. signed
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Tim H. signed
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Someone signed
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Steve S. signed
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Gautam R. signed
Started by Anonymous 16 years ago
WE the undersigned hereby strongly object to the appointment of S. Gregory Hays as chapter 11 trustee over SpongTech Delivery Systems. Mr. Hays has a strong history of destroying companies through liquidation, Furthermore we do not have the slightest bit of confidence that he will do what is best for the company or it's shareholders.

Updates

July 20, 2010

I have been digging through the financial records and the previous cases tied to this trustee and the lack of oversight is alarming. This situation is personal because our investments represent our hard work and we cannot let them be liquidated without a fight.

July 20, 2010

Seeing this level of backing confirms that I am not the only one terrified by the prospect of this appointment. Your commitment to fighting for our stake in this company reminds me why I started this in the first place.

Reached 100 supporters

July 20, 2010

6 Comments

S
Sarah Abadi
15 years ago Featured

Ridiculous choice. Hays has a track record of ruining everything he touches. Why would they put him in charge of SpongTech?

K
Kevin Chavez
15 years ago Featured

Totally unfair to all the shareholders who have been waiting for a turnaround. He just wants to kill the company and walk away with fees.

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Linda Werner
15 years ago Featured

NO WAY. Hays is bad news for anyone who cares about this stock.

B
Brian Sutton
15 years ago Featured

Seems like they are just looking for a quick exit instead of trying to make things work. We need real leadership not a liquidator.

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David Mehta
15 years ago Featured

Stop the liquidation. This is our money on the line.

M
Mike Morrison
16 years ago Featured

This guy is a total vulture. We need someone who actually wants to save the business not just carve it up for parts.

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