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Re: RDG013 post# 66984

Tuesday, 08/31/2010 1:13:24 AM

Tuesday, August 31, 2010 1:13:24 AM

Post# of 83044
RDG013,

Everyone has a price. The question is under what terms are they willing to lend, and at what cost to current creditor position. I think you will find that the Judge will not easily approve any DIP financing for items outside of requisite emergencies. Secured guys will fight it tooth and nail for the same reasons they didn't agree to the intercreditor agreement. I doubt you will see any substantial amount contributed anytime soon. IMO, it will not happen at all. Also, as you know, there is an order of things in BK. Certain positions are paid first. I will not argue with you on this point any further because honestly we don't disagree. I think you simply misunderstand my position. Anyway, Good luck in the coming days. I hope the pps jumps and you break even, or at least minimize your loss. Take it easy RDG.

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