His objection was overruled because "it won't work" wasn't pertinent to the distribution of the disclosure statement to the creditors for review and voting. In this objection, he's stating that the "plan" provides options to Auctus and the company towards the repayment of the secured liens that do not meet the law, which is true. Once you get to paying the classes below the secured creditors anything, you have to make them whole, and a payment plan or convertible note doesn't cut it if those creditors don't want that. Who'd want a payment plan from a company that just filed bankruptcy in the first place?
That'll be a fun hearing.
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