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Post# of 346952
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overachiever

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overachiever

Re: puppydotcom post# 327676

Friday, 07/30/2010 2:45:00 PM

Friday, July 30, 2010 2:45:00 PM

Post# of 346952
In order for the court to agree to DIP a competent plan would have to be put into place showing a high chance that money could be made from the venture. Given the fact that SPNG has never been able to turn a dime of profit and the fact that it has lost its licensing agreements, I doubt that any legitimate plan could be devised which offered a decent chance of making DIP work here.

The creditors should scream bloody murder at the suggestion of DIP. Right now, they can go after Dicon's assets and Metter's home. Why give that away to DIP financiers?

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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