Secure Point Technologies Inc (fka IMSCQ)

[artang]

You are right, without having to pay all the interest on the existing debt, the cash flow should be a lot better, so it does seem odd they need so much cash right now. Lawyer fees are a lot higher, but otherwise everything else seems like it would be the same as before. One would think the court has to approve expenditures, or at least large ones, and that should limit the spending. Also the court had to approve the amount of the DIP loan so must have thought that was an appropriate amount.