The Debtor has advised the Trustee that they have had contact with several entities concerning the provision of debtor-in-possession financing. The Trustee has requested written proposals for such financing but none have been received. The Trustee has been advised that one or more shareholders may have provided monies to principals of the Debtors to be used for DIP Financing. Since any post-petition financing must be approved by the Bankruptcy Court, no one should provide any monies to the Debtor or its management absent express approval from the Court. The Trustee is still investigating to determine whether any such financing is feasible in this case.
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